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

Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read
IFAs look to boost clients' private markets exposure

IFAs look to boost clients' private markets exposure

Expect increase in stock market volatility

Jen Frost
clock 02 July 2025 • 2 min read