MSE News

The vast majority of MoneySavers have more in savings than they owe in debts, finds new MSE poll

Empty piggy bank

The vast majority of MoneySavers are worth more than they owe, a new MoneySavingExpert.com poll has found. But this varies by age, with most younger MoneySavers (25 to 34 year olds) in debt owing between £1,000 & £9,999, while those aged 65 to 79 largely have little to no debts and are instead worth between £500,000 to £999,999.

The poll, which surveyed 8,069 people, ran between 24 and 31 August 2021. Respondents were asked to tell us how much they are worth by adding up the value of everything they own; from properties and cars to savings and pension funds. Then, deduct anything they owe, such as any outstanding mortgage and other debts, excluding student loans.

While not a representative sample of the UK population, the poll offers a snapshot of people's financial positions as Covid-19 restrictions continue to ease and life for many slowly returns to 'normal'. The seven tables below detail the overall findings, plus the separate findings by age group. 

If you're struggling with debt, you can check out our Debt Guide which offers guidance on where you can go for help and how you can put yourself back into a better financial position. Alternatively, if you're looking to boost any spare cash, we also have an array of Savings Guides that include the best buy accounts.   

Poll results in full - How much are you worth (or do you owe)?

See the tables below for a full breakdown of our findings:

MSE Poll: How much are you worth and how much do you owe? - Overall results

Value (number of votes out of 8,069) Percent
Worth £1,000,000 or more (881) 11%
Worth between £500,000 & £999,999 (1,764) 22%
Worth between £250,000 & £499,999 (1,980) 25%
Worth between £100,000 & £249,999 (1,412) 17%
Worth between £50,000 & £99,999 (523) 6%
Worth between £30,000 & £49,999 (235) 3%
Worth between £10,000 & £29,999 (279) 3%
Worth between £1,000 & £9,999 (182) 2%
Worth between £0 & £999 (44)  1%
Owe between £0 & £999 (148)  2%
Owe between £1,000 & £9,999 (147)  2%
Owe between £10,000 & £29,999 (120)  1%
Owe between £30,000 & £49,999 (49) 1%
Owe between £50,000 & £99,999 (88) 1%
Owe between £100,000 & £249,999 (157) 2%
Owe between £250,000 & £499,999 (42) 1%
Owe between £500,000 & £999,999 (8) 0%
I owe £1,000,000 or more (10) 0%

MSE Poll: How much are you worth and how much do you owe? - Under 25s

Value (number of votes out of 78) Percent
Worth £1,000,000 or more (2) 3%
Worth between £500,000 & £999,999 (0) 0%
Worth between £250,000 & £499,999 (1) 1%
Worth between £100,000 & £249,999 (7) 9%
Worth between £50,000 & £99,999 (17) 22%
Worth between £30,000 & £49,999 (8) 10%
Worth between £10,000 & £29,999 (25) 32%
Worth between £1,000 & £9,999 (8) 10%
Worth between £0 & £999 (4)  5%
Owe between £0 & £999 (2)  3%
Owe between £1,000 & £9,999 (1)  1%
Owe between £10,000 & £29,999 (1)  1%
Owe between £30,000 & £49,999 (0) 0%
Owe between £50,000 & £99,999 (1) 1%
Owe between £100,000 & £249,999 (0) 0%
Owe between £250,000 & £499,999 (0) 0%
Owe between £500,000 & £999,999 (0) 0%
I owe £1,000,000 or more (1) 1%

MSE Poll: How much are you worth and how much do you owe? - 25-34 year olds

Value (number of votes out of 1,011) Percent
Worth £1,000,000 or more (8) 1%
Worth between £500,000 & £999,999 (28) 3%
Worth between £250,000 & £499,999 (121) 12%
Worth between £100,000 & £249,999 (236) 23%
Worth between £50,000 & £99,999 (174) 17%
Worth between £30,000 & £49,999 (98) 10%
Worth between £10,000 & £29,999 (95) 9%
Worth between £1,000 & £9,999 (40) 4%
Worth between £0 & £999 (7)  1%
Owe between £0 & £999 (4)  0%
Owe between £1,000 & £9,999 (39)  4%
Owe between £10,000 & £29,999 (32)  3%
Owe between £30,000 & £49,999 (12) 1%
Owe between £50,000 & £99,999 (29) 3%
Owe between £100,000 & £249,999 (66) 7%
Owe between £250,000 & £499,999 (18) 2%
Owe between £500,000 & £999,999 (1) 0%
I owe £1,000,000 or more (3) 0%

MSE Poll: How much are you worth and how much do you owe? - 35-49 year olds

Value (number of votes out of 2,126) Percent
Worth £1,000,000 or more (127) 6%
Worth between £500,000 & £999,999 (317) 15%
Worth between £250,000 & £499,999 (520) 24%
Worth between £100,000 & £249,999 (487) 23%
Worth between £50,000 & £99,999 (176) 8%
Worth between £30,000 & £49,999 (73) 3%
Worth between £10,000 & £29,999 (79) 4%
Worth between £1,000 & £9,999 (59) 3%
Worth between £0 & £999 (17)  1%
Owe between £0 & £999 (16)  1%
Owe between £1,000 & £9,999 (44)  2%
Owe between £10,000 & £29,999 (40)  2%
Owe between £30,000 & £49,999 (25) 1%
Owe between £50,000 & £99,999 (44) 2%
Owe between £100,000 & £249,999 (76) 4%
Owe between £250,000 & £499,999 (22) 1%
Owe between £500,000 & £999,999 (2) 0%
I owe £1,000,000 or more (2) 0%

MSE Poll: How much are you worth and how much do you owe? - 50-64 year olds

Value (number of votes out of 2,698) Percent
Worth £1,000,000 or more (448) 17%
Worth between £500,000 & £999,999 (779) 29%
Worth between £250,000 & £499,999 (708) 26%
Worth between £100,000 & £249,999 (392) 15%
Worth between £50,000 & £99,999 (95) 4%
Worth between £30,000 & £49,999 (35) 1%
Worth between £10,000 & £29,999 (42) 2%
Worth between £1,000 & £9,999 (41) 2%
Worth between £0 & £999 (9)  0%
Owe between £0 & £999 (39)  1%
Owe between £1,000 & £9,999 (34)  1%
Owe between £10,000 & £29,999 (35)  1%
Owe between £30,000 & £49,999 (11) 0%
Owe between £50,000 & £99,999 (12) 0%
Owe between £100,000 & £249,999 (13) 0%
Owe between £250,000 & £499,999 (1) 0%
Owe between £500,000 & £999,999 (2) 0%
I owe £1,000,000 or more (2) 0%

MSE Poll: How much are you worth and how much do you owe? - 65-79 year olds

Value (number of votes out of 1,963) Percent
Worth £1,000,000 or more (273) 14%
Worth between £500,000 & £999,999 (594) 30%
Worth between £250,000 & £499,999 (571) 29%
Worth between £100,000 & £249,999 (265) 13%
Worth between £50,000 & £99,999 (53) 3%
Worth between £30,000 & £49,999 (18) 1%
Worth between £10,000 & £29,999 (34) 2%
Worth between £1,000 & £9,999 (27) 1%
Worth between £0 & £999 (5)  0%
Owe between £0 & £999 (77)  4%
Owe between £1,000 & £9,999 (26)  1%
Owe between £10,000 & £29,999 (12)  1%
Owe between £30,000 & £49,999 (1) 0%
Owe between £50,000 & £99,999 (1) 0%
Owe between £100,000 & £249,999 (2) 0%
Owe between £250,000 & £499,999 (0) 0%
Owe between £500,000 & £999,999 (3) 0%
I owe £1,000,000 or more (1) 0%

MSE Poll: How much are you worth and how much do you owe? - 80s+

Value (number of votes out of 125) Percent
Worth £1,000,000 or more (14) 11%
Worth between £500,000 & £999,999 (35) 28%
Worth between £250,000 & £499,999 (41) 33%
Worth between £100,000 & £249,999 (17) 14%
Worth between £50,000 & £99,999 (4) 3%
Worth between £30,000 & £49,999 (1) 1%
Worth between £10,000 & £29,999 (2) 2%
Worth between £1,000 & £9,999 (1) 1%
Worth between £0 & £999 (1)  1%
Owe between £0 & £999 (7)  6%
Owe between £1,000 & £9,999 (1)  1%
Owe between £10,000 & £29,999 (0)  0%
Owe between £30,000 & £49,999 (0) 0%
Owe between £50,000 & £99,999 (0) 0%
Owe between £100,000 & £249,999 (0) 0%
Owe between £250,000 & £499,999 (0) 0%
Owe between £500,000 & £999,999 (0) 0%
I owe £1,000,000 or more (1) 1%

Tip Email

FREE Weekly MoneySaving email

For all the latest deals, guides and loopholes simply sign up today - it’s spam free!