Savings over the summer months are set to fall, despite an increase in overall savings levels over the last year, with women saving more than men for the first time, reveals research from NS&I.
In its latest Quarterly Savings Survey, NS&I reveal the number of regular savers increased from 48% to 55% over the summer last year, and has since remained constant, despite 45% of the population making very little effort to secure their financial future. It also shows over the last three months a record number of women, 54%, are saving regularly, and they are putting away a larger slice of their monthly income into savings compared to men. According to the survey women are putting away around 6.84% of their income each month, which is 1% higher than last year and one of the highest ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
