'Reckless caution' costing savers as inflation bites

Julia Bahr
clock • 2 min read

More than 11.6 million are content to keep all their savings in cash despite ongoing low rates, according to research from financial advice and investment network The Openwork Partnership.

The Openwork Partnership warned about the risks to savers of "reckless caution" - the cost of missing out on higher returns on their money because they stick to cash accounts. It said 22% of adults prefer to keep all their money in cash, while the same number will not consider stock market investments despite potentially higher returns as they do not understand it. The research was conducted among 2,001 UK adults aged 18 and over and weighted to be nationally representative using an online methodology by independent researchers Opinium between July 2 and 6 2021. Claire Limon, netwo...

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