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Brits are saving saviours

As many as 22 per cent of Brits are savings saviours, using the money they have stashed away to help others in times of financial need.Research from Abbey Savings found that ten per cent of those polled had broken into their savings to help a friend or family member with debt problems, while another two per cent had used their nest egg to help someone else to get on the housing ladder and one per cent had out the money towards a loved one's wedding. Reza Attar-Zadeh, Abbey's head of savings said: "It’s heartening to see that so many saver saviours have gallantly used their rainy day fund to help loved ones out of a hole. "However, this only serves to highlight the need for people to have their own savings rather than relying on others. Having savings in place really can cushion a fall in times of need."Almost half (49 per cent) of those polled had used their savings to solve their own financial crises, from getting them through a period of unemployment to paying for urgent healthcare.

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