In a recent survey conducted by TipTopJob.com, it was found that 40{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} 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{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}) 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{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} of citizens in India have less than one month’s savings. In Australia 54{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} could only last one month, in the USA 52{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}, in Canada 38{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} and South Africa 44{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}.

In India, only 10{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} could last more than 6 months but this was closely followed by 13{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} of individuals in Canada. In South Africa, 22{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} 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 {6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} 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.
Credit: onrec.com