In a recent survey conducted by TipTopJob.com, it was found that 40% of UK citizens could last 6 months or more on their savings if they were to lose their job. On the other hand, in the UK, the same number (40%) couldn’t last more than a month.
The findings went on to survey jobseekers and employees across the UK, USA, Australia, Canada, India and South Africa.
A huge 70% of citizens in India have less than one month’s savings. In Australia 54% could only last one month, in the USA 52%, in Canada 38% and South Africa 44%.
In India, only 10% could last more than 6 months but this was closely followed by 13% of individuals in Canada. In South Africa, 22% of people could last more than 6 months.
Across the world, with people being careful with what they are spending it is not surprising that there is not a higher % that could last more than 6 months. However, with the economic problems, in some cases maybe individuals have felt they have had to save their money in case they were to lose their job.