What 'small pots' tell us about our savings habits

Encouraging people to act is about engagement and motivation and really the only savings ‘carrots’ available to government are tax-based incentives.  The ‘sticks’ at its disposal are more varied, but none of them is a vote winner.  The reality is that if you neither pay a lot of tax nor save very much, the tax benefits of saving look modest.  Also, the ‘fear’ factor of what will happen if you fail to save scares few people. The very idea that a UK government would allow its citizens to fall into penury! What grips the imagination rather better is a powerful deterrent to saving - t...