Average monthly savings have increased by 50% over the past ten years, research suggests - so is Britain finally moving towards a more savings-based society?
The NS&I's latest survey of the nation's savings indicated that over the past decade the average amount saved per head per month has risen from £68.85 in 2005 to £104.56 today. This marked an increase of £35.71, or 52%. The upward trajectory of savings has had its fits and starts over the last ten years - the survey found the average amount saved fell by 0.8% in the last year - but the overall direction of travel is at least starting to follow the path of those who have repeatedly emphasised the need for people to save more. 'Real issue' Advisers and the pensions industry and h...
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