Research released today from HSBC has found that 29% of people believe their job is not secure over the next 12 months.

Thirty-seven per cent of people worried that their job was not secure over the next three years, including 40% of public sector workers and 35% of people in the private sector.

Based on the median weekly gross salary of £499, the average person would need £1,667.25 in savings for every month they spent in unemployment to maintain the standard of living they had while they were working.