Personal finance expert Gabriel Nussbaum has shared the surprising savings benchmarks that show whether you’re ahead of most Brits – and you might be doing better than you think
Many Brits are concerned about their financial situation, but according to one personal finance expert, they may be better off than expected. Gabriel Nussbaum has revealed a surprising threshold that demonstrates when savers are outperforming the majority of the UK population – and the figures might come as a pleasant surprise.
In a recent TikTok video, Nussbaum outlined several indicators suggesting individuals are in a secure financial position. “If you have more than £1,000, you’re doing great. Second, if you have more than £5,594 in savings, that is the median savings currently in the UK, meaning that if you have more than that, you’re in the top 50%, and that’s skewed by the older generation.”
He continued: “So, if you have more than £1,000 under the age of 35, you’re doing better than 50%. If you have more than £3,500, you’re in the top 50%.”
Data from the Office for National Statistics (ONS) shows that the typical UK household held approximately £5,500 in savings during 2024, suggesting many Britons may feel financially insecure despite maintaining reasonable savings levels. However, research from the Money and Pensions Service indicates that almost half of UK adults have less than £1,500 in savings, placing them at risk should unforeseen costs or emergencies arise.
The ongoing cost of living crisis has heightened concerns, with energy bills, food costs, and mortgage payments putting pressure on family finances. However, Nussbaum emphasises that modest, regular savings are more important than pursuing a massive balance immediately.
“Even putting aside a few hundred pounds a year can position you ahead of the average,” he says.
The video has sparked numerous responses online. “Who knew how well I was doing?” one user responded, whilst another acknowledged: “I feel like a success at life now, thank you for that.”
Conversely, many are becoming progressively worried: “Noted. I must do better. Less spending and more saving needed,” one person recognised, followed by another who admitted: “Oh okay, okay, so I have actually been doing worse than I first thought.”
Notably, younger savers frequently undervalue their position. ONS figures indicate that under-35s with merely £1,000 in savings are already outperforming half their age group.
By £3,500, they’ve surpassed 50% of the adult population, illustrating the benefit of early, consistent saving.
Financial advisers recommend reviewing your accounts routinely, setting up automatic transfers, and monitoring emergency funds to maximise your money. Whilst inflation may seem intimidating, establishing a buffer now – even a modest one – can make a substantial difference over time.
So, if your bank balance reaches that £3,500 milestone before your 55th birthday, take a moment to pause. According to Gabriel Nussbaum, you’re already faring better than you think – and that’s an achievement worth celebrating.

