Average Savings in the UK

@frazfinance

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SoundTikTok sound · original sound - danswiftiedelrey

Why it worked

The video provides a clear and concise breakdown of savings by age group, which is a relatable and engaging topic for a wide audience. The use of on-screen text to display the data makes it easy to follow, and the call to action encourages audience participation.

Summary

The video breaks down average savings in the UK by age bracket, showing a significant increase in savings for those aged 55 and over. It highlights the financial pressures faced by younger age groups, such as rent and student loans, and the increasing expenses that come with middle age.

Structure

1Introduction to average UK savings by age
2Savings for 18-24 year olds
3Savings for 25-34 year olds
4Savings for 35-44 year olds
5Call to action for audience engagement
6Savings for 45-54 year olds
7Savings for 55+ year olds

Call to action

Drop a Comment! ... your age bracket and how much you've managed to save. Make sure to follow.

On-screen text

Average Savings in the UK Split into Age Brackets Age Savings 18 - 24 £2699 25 - 34 £3544 35 - 44 £13,379 45 - 54 £12,452 55 + £33,420 Drop a Comment! Make sure to follow

Original caption

THIS IS CRAZY😱#finance #savings #savingmoney #ukmoney #money

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Transcript

This is how much the average person in the UK has in their savings, split into age brackets. Starting at 18 to 24, where the average savings is £2,699. That's £2,699 in savings. You're not earning that much money and you're probably paying rent and student loans for the first time ever, so this really does not help. Now 25 to 34 is probably where you think it's gonna go up massively, but it only creeps up to £3,544 in savings. You've got your first proper car and you've potentially might have kids. Now 35 to 44, this is where it jumps up massively. Go to £13,379, £79 almost four times. This is where creators hit their stride, salary is peak, you actually have money to put away. Drop a comment! Before we get onto the last two, I'd appreciate if you guys left your age bracket and how much you've managed to save. Make sure to follow. Also if you could drop a follow that'd be fantastic, it helps me out a lot. Moving on to 45 to 54, people are surprised. It actually goes down to £12,452. You think it keeps climbing, but big mortgages, kids fees, elderly parents. This is a really expensive decade. And finally 55 and over. This more than doubles to £33,420. The mortgage is paid off, the kids have moved out of the house and this is where you can finally actually start saving.