Savings Survey Finds Successful Nest Eggs Are the Result of Goal Setting

About The Authors

22nd June 2012 14:51 - Financial Services

According to the new Savings Survey by NS&I, more than a third of the UK population admit to not having enough funds squirreled away to cope in a sudden emergency, and 13% have no savings at all.

The research results demonstrate how the high cost of living is making it harder for many people to save money. The current economic climate is also a reason why Britons are struggling to grow a nest egg – 25% of those surveyed said they were less likely to save over the next three months.

On average, Brits set aside 8.31% of their monthly income every month, equating to approximately £100.24. Men were founds to save more at about £115.80, compared to women at £84.84; however this difference is balanced by income levels.

Successful savers said that having goals help to motivate them, such as a deposit for a mortgage, a car or their children’s education.

NS&I savings spokesperson, Tim Mack, commented:  “It can be difficult to save and pressures on disposable income often prevent people from setting aside as much as they would like, but there are simple steps people can take to improve their savings habits.”

Sign up for free insights from your sector…

Antispam code: 17443

Support Us..

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article..

For updated Financial Services insights please follow us on @DJS_Finance or use our RSS feed

Other Financial Services Research Findings

Other Latest Market Research Insights

© DJS Research 2017