The survey estimated that those homes that are still struggling with finances found themselves short by £100 per month on average.
Mark Gregory, executive director, savings, at L&G, said: “Perhaps the combined effect of lower inflation and the costs of utilities and food starting to fall is producing some green shoots of recovery in household finances.
“For those families who are struggling, our latest figures indicate the average shortfall nationwide is just under £100 per month. We will be monitoring this through the year to see whether their situation improves.
“We also looked at how much the “stable” households are able to save each month. On average those homes who have some money left over are putting away £93, only 3.4% of average household income.”
