Centre on Household Assets and Savings Management

Centre on Household Assets and Savings Management (CHASM)

CHASM is a research centre based jointly in the School of Social Policy and Birmingham Business School. The aim of CHASM is to provide a focus for world-class research on: financial security; financial inclusion; financial capability; and wealth taxation.

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Posted 14 October 2015

One in three could not find £200 in an emergency, research shows

Twenty-two per cent admit they would have to borrow the money or sell a personal possession to fund such a one-off expense, with a further 12% saying they simply could not pay, according to data published in an annual financial-state-of-the-nation report by academics.

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