How do your savings compare to your earnings? MoneySaving Poll Results

Souk
Poll Started 04 Dec 2007:

A month ago I ran a poll to see how much debt people had compared to their annual income; the results (view them) were fascinating, so I thought this time Iíd run a poll find out how much those who save have.

How to work it out:

Step 1: Add up all your savings. Then if you have any debts (excluding a mortgage) subtract that (though also read the Should I Pay Off My Debts With Savings article).

Step 2: Divide the total by your annual income. E.g. If youíve saved £5,000 and earn £20,000 your savings are a quarter of your earnings.

Results

A. Iím in debt. 829 votes (23 %)
B. Iím not in debt, but donít have any savings.266 votes (8 %)
C. My savings are less than a tenth (10%) of my annual income.407 votes (12 %)
D. My savings are less than a quarter (25%) of my annual income.433 votes (12 %)
E. My savings are less than a half (50%) of my annual income. 310 votes (9 %)
F. My savings are less than my annual income.334 votes (9 %)
G. My savings are more than my annual income.330 votes (9 %)
H. My savings are more than double my annual income.183 votes (5 %)
I. My savings are more than three times my annual income. 136 votes (4 %)
J. My savings are more than five times my annual income. 139 votes (4 %)
K. My savings are more than ten times my annual income. 161 votes (5 %)

                   3,528 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.