Britons have been saving more over the last five years - despite having to contend with economic turbulence, including the longest recession in the country's history, new findings suggest.
The NS&I savings survey, which examined the savings behaviour of 50,000 Britons since 2004, shows an overall increase in the amount people have set aside over the last five years. Whereas five years ago the average monthly amount saved per head was £70.23, that number has shot up this year to £83.87 - its highest level since the survey began. Just under half of the population (47%) are now saving regularly, a slight increase from the 2005 figure of 45%. Furthermore, despite severe upheaval in the financial markets over the last 18 months, the amount saved as a percentage of income rem...
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