Brits 'not saving enough'
Only a quarter of Britons currently think they are putting enough in their savings, according to new research.A survey by Nationwide Building Society found that the future was more optimistic however, with more than half (52 per cent) believing they will be saving enough in six months.This was an increase of five per cent compared to the same survey last month, which Nationwide believes is positive news, considering the current financial turmoil and the run-up to Christmas beginning.However, despite 99 per cent of respondents saying that it is important, 21 per cent do not put anything into their savings."The fact that half of consumers are still failing to save or are only saving occasionally is a concern, especially with the expensive festive season approaching," said Nationwide director of savings Matthew Carter."However, our latest research shows a slight increase in the number of people who are feeling positive that they will be able to save the correct amount in the future, which is small step in the right direction."
Share this..
Related stories
Decrease in UK unemployment
The Office for National Statistics has recently revealed that unemployment in the UK has fallen by 51,000 to 2.61 million. The rate of those jobless fell to 8.2% however the number of people claiming Jobseeker’ Allowance increased by 8,100 to 1.6 million. Most of the decrease was made up of the male population while female unemployment fell by just 1000. Youth unemployment dropped by 29,000 t...
Read MoreThe Dow Jones breaks through the 10,000 barrier
The Dow Jones industrial average index today broke through the psychological 10,000 barrier for the first time in 12 months. While this is a reflection of renewed optimism with regards to the US economy, and the view that the worldwide recession may well be over, some analysts believe that the Dow Jones industrial average index does not represent the overall economy and may be giving false signals...
Read MoreDoes transferring your overdraft to your credit card make sense?
Figures from the credit card industry have highlighted a growing trend with many credit card holders now looking to transfer their overdraft debits on to their credit cards. While this may seem a very expensive route in the short to medium term, it would appear that many are making use of a 0% balance transfer offers, which are starting to reappear in the market again.
While for tho...
Budget Headlines : Government to invest £1.7 billion into employment support
Government to invest £1.7 billion into employment support...
Read MoreCometh the holiday period cometh the loan sharks
The UK government has today issued a severe warning regarding the growing popularity of loan sharks in various areas of the country. As the recession continues to bite and liquidity is still well below normal levels in the banking sector it appears that more and more people are looking to unofficial loan sharks to make ends meet. With some of these unscrupulous lenders charging thousands of percen...
Read More