🎓 **Vanguard: Average UK Saver Holds £17,000 More Cash Than They Need**
Vanguard's new consumer research finds the average UK saver holds roughly £17,000 more in cash than necessary for emergencies and short-term needs, even as rates have fallen since their 2024 peak. Vanguard recommends keeping the greater of £2,000 or half a month's expenses for one-off costs, plus 3-6 months of expenses for income shocks, but flags that any surplus left idle risks inflation eroding its purchasing power over time. The article frames three questions for savers - why they're holding the cash, when they'll need it, and whether it could work harder elsewhere - as a path to shifting excess cash into diversified investments. For fintech and wealth platforms, this reinforces a persistent 'cash-to-invest' migration opportunity in the UK retail investing market.
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