35% of savers have needed to dip into pots recently ‘to pay for essentials’

Four-fifths of people with savings said they were depending on this money to get them through the cost-of-living crisis, according to Aldermore.

Aldermore say 80% of people survey were relying on their savings to get them through the cost-of-living crisis (Gareth Fuller/PA) (PA Archive)

More than one-third of people with savings have recently needed to dip into this money to make an essential payment, according to a survey.

Some 35% of people with savings had used some of this cash to make an essential payment within the previous month, the research carried out from late December to early January found.

Four-fifths (80%) of people with savings said they were depending on this money to get them through the cost-of-living crisis, according to the survey commissioned by Aldermore bank.