Consumer confidence in future savings soars - Nationwide

Laura Miller
clock

Consumer confidence in their ability to accrue savings climbed for the third consecutive month in November, research by Nationwide suggests.

The building society's Future Savings Index hit 124 points last month, the highest since May 2008, with more people believing they will swell their savings in six months' time compared to those who believe they will be saving less. Meanwhile, Nationwide's Savings Index fell 87 points in line with consumer sentiment Government policy is failing to help savers, and amid general concern about the economic environment. Some 16% of people believe the Government encourages them to save, down 4% from October, but a much larger 45% believe the Government discourages them from saving. Howe...

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 ISAs

TISA CEO urges clarity on Cash ISA allowance following chancellor's remarks

TISA CEO urges clarity on Cash ISA allowance following chancellor's remarks

Carol Knight calls for full £20,000 limit to be preserved across ISA products

Sahar Nazir
clock 21 May 2025 • 2 min read
The cash pile the government is fighting keeps growing

The cash pile the government is fighting keeps growing

'A staggering £280bn sits in accounts that pay no interest at all'

Laura Suter
clock 15 May 2025 • 3 min read
'Buy, baby, buy': Simple steps to improve the Lifetime ISA

'Buy, baby, buy': Simple steps to improve the Lifetime ISA

Why we need to help people become homeowners

Rachel Vahey
clock 22 April 2025 • 3 min read