Salaries to double by 2020 - A&L

As a result of improved salaries – which would represent the equivalent of £38,000 in today’s terms – consumers are expected to double their personal savings from £11,000 to £22,000. Moreover, consumers are also likely to expect much higher value from banks and around eight out of ten people will conduct most of their banking over the internet or through a “bank in our home” setup, which could by then include television banking, according to the “Banking Revolution” report. Rather than be apathetic towards personal wealth, consumers are more likely to have a better understanding of th...