Legal & General’s latest Money Mood Survey has revealed that 69% of people say that they are in the mood to save, and note that the mood of the nation has moved increasingly towards saving since the Coalition Government took power in May 2010.
The survey found:
- The percentage of women who say they are in the mood to save has increased from 67% in 2011 to 72% in 2012, while the proportion of men fell from 70% to 66%
- The top two things we said we were saving for last year – a rainy day and a holiday – remain the same but there has been a marked increase in saving for things that help to manage household finances
- The number of people saving to pay a household bill has increased from 33% to 49%, while the number of people saving to pay off their credit card debt rose from 12% to 21%
Source: Credit Action – February 2012 edition