And it's designed like that on purpose. However, just to stop here for a moment - £200 and living expenses for a month? I... what? That would maybe last me a week in London, if I don't travel anywhere and go on a heavy diet. 1k wouldn't even be enough for a month, if I add bills to this (and I gladly do not rent anymore). Most 1 bedroom flats here are easy over £1k a month just for the rent. Often over £1.5k if not totally in the sticks. Having such little "savings" because one just can't stop spending monies on luxury products is... really bad.It wasn't long ago that a study showed that almost half of British adults had £1,000 or less in savings, with 25% having less than £200, meaning they would struggle to cover living expenses for more than a month.
Fear of missing out and easy access to thousands of pounds on buy now pay later is a helluva drug.