Little saving done by families in the run up to the financial crisis

<p><p>Most families accumulated very little liquid wealth between 2000 and 2005. Median liquid financial wealth among families increased from approximately £750 to approximately £1,100 in real terms between those two years. Younger families and those on the lowest incomes had particularly low median rates of saving over this period. </p><p>These are amongst the findings of new research published today by the Institute for Fiscal Studies and funded by the IFS Retirement Saving Consortium. Using data from the British Household Panel Survey, the report's authors estimate two measures of wealth: liquid financial wealth (which excludes pension and housing wealth) and housing wealth in both 2000 and 2005. Looking at changes in these wealth holdings between the two years gives an indication of the saving carried out by families. </p> </p>