New figures reveal that almost half the British workforce is saving nothing for retirement.

The findings of a study by ‘True Potential,’ a financial services firm, show the average worker in the UK saves £1.72 a day, less than the cost of a cup of coffee, according to the British daily, the Express.

The report says 45 percent of working adults - 13.5 million people - refuse to put any money at all to one side. The figure is higher, at 49 percent, among 18 to 34-year-olds.

Experts warn that the UK pension system faced meltdown unless drastic action was taken, the daily added.

It comes as a third of savers have given up the prospect of retiring for more than five years with 16 percent resigned to working until they drop.

Now William Spring, human rights activist, says the pension system is entirely unbalanced.

The independent consumer survey found just £51 is invested in retirement funds each month on average.

The study of 2,000 people revealed those aged between 25 and 34 were the most complacent, blowing £75.90 a month on impulse purchases.

The average worker built up £1,272 of debt in the past three months, with 56 percent saying it was easier to get credit now than it was 10 years ago.

The government’s automatic enrolment scheme started in 2012 with the aim of helping people save to top up the paltry state pension.

But 67 percent of those quizzed in the audit were not yet enrolled.