Consumer confidence in future savings soars - Nationwide

Laura Miller
clock • 1 min read

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...

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