Monthly saving reaches two year high

Although the economy is still recovering, monthly saving has returned to pre-credit crunch levels, NS&I says. The proportion of the population who save each month has hit 50% for the first time since winter 2007, rising from 44% during winter 2009/10. Simultaneously, the average amount saved per person each month is now £85.21, up from £81.94 last quarter. People currently save on average 6.9% of their income, up 0.65% from winter 2009/10. "It is encouraging news that many of us are managing to put a few more pounds away each month," says Tim Mack, savings spokesman, NS&I. "Howe...