More than 16million working Britons have less than £100 held in accessible savings accounts.
And more than 17million do not pay off the monthly balance on their credit cards, allowing banks to pocket billions of pounds in interest.
The figures revealed in a damning official report last night paint a worrying picture of consumers spending far beyond their means.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.