NS&I finds hardcore non-savers

clock

Latest quarterly savings figures published by National Savings & Investments suggests there is a developing "hardcore" of people who simply do not save, boosting the overall non-savings rate, which remains stubbornly high.

For various reasons, some 45% of the adult population currently is not engaged in regular savings, NS&I states. Some of the savings message is getting through, with the latest quarterly results – based on a survey carried out between December through February on 1,972 people aged 16 and over – also suggesting it was the second-best period for net savings since the executive agency started publishing its figures in the autumn of 2004. The net savings ratio hit 6.90% in the period, down from the 7.16% in the autumn of 2005, but ahead of the three quarters beforehand. The latest savings ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Assessing investment decisions made in the heat of the moment

Assessing investment decisions made in the heat of the moment

'Investors were panicking, thinking no one would ever go outside again'

Chris Justham
clock 07 May 2024 • 2 min read
Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read