Saving and investing news
Nation turns its attention towards saving
23 March, 2007
According to recent research, the country’s ‘mood to save’ has risen for the third consecutive year
At the end of February, 64 per cent of Brits were geared up towards their savings compared to only 56 per cent in 2005. This contrasts with the nation’s mood to spend, which is currently sitting at its lowest level for February with only a quarter of adults saying they prefer to spend rather than save.
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“These latest figures show that ‘MoneyMood’ of the nation is firmly in ‘save’ mode as we enter the ISA market this year,” says Claire Stacey, director of customer marketing at Legal and General.
“MoneyMood has also found that the percentage of households who said they have money to spend after paying bulls and debt payments has not changed over three years. That’s good news as it shows that the majority of households are in a position to save rather than struggling to make ends meet.”
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