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 savin...
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