25-34 year old males are Britain’s most dedicated savers

Data from the latest NS&I Savings Survey has revealed that young men aged 25-34 are amongst Britain’s most dedicated savers – they put away an average of £104 each month, well above the national average of £88.

The survey goes on to find:

  • 47% of this group are prioritising saving in order to afford a deposit for a home, while 25% are saving for a holiday and 23% are saving to ensure financial security in case of an emergency.
  • On a proportional basis, young people aged between 16 and 24 are managing to put aside 7.8% of their monthly income, which is a higher rate than anyone in the 25-65 age range.

 

Source:  Credit Action – February 2012 edition

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s