UK savers miss out on £38bn of income as cash piles soar

Janus Henderson Investment Trusts research

Anna Fedorova
Cash savings rise to record high

Cash savings rise to record high

Research from Janus Henderson Investment Trusts has found that savers are holding record amounts of money in cash as a result of pandemic-induced fears, which has collectively cost UK households some £38bn in missed income over the last year.

The research has found that UK households have put away £77bn in cash over the first six months of the year, taking the total cash pile to a record £1.5trn - equal to the UK's collective residential mortgage...

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