April increase in saving 'mood'

clock

April saw a 3% increase in the number of people wanting to save money rather than spend it, according to the latest ‘ MoneyMood ' survey from Legal & General.

The survey of 1,000 adults, conducted by BMRB on behalf of Legal & General, reveals 60% of adults in the UK were in the mood to save at the end of April, compared to just 57% for the same period in 2006. In addition, the survey reveals the mood to spend is now at the lowest April figure for three years, at just 26% compared to about 30% in 2006, while the percentage of households who have money left at the end of the month after paying bills has also fallen over the last three years. The ‘MoneyMood’ survey reveals the percentage of households fell from 61% in 2005 to 58% in April this ye...

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

Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 19 April 2024 • 2 min read
Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read