National Savings & Investments investigating savings
www.moneynews.co.uk > Banking > National Savings & Investments investigating savings
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Money News |
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National Savings & Investments investigating savings
Mon 4th Apr 2005
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The new study found that almost half wished to save more but felt their ongoing financial commitments were preventing them from doing so. Two-thirds said they wanted to increase their levels of savings.
Women were more likely to complain of being unable to save move, 54 per cent saying they were unable to afford more savings. Forty-two percent of men shared the same sentiment, but eight per cent of men also said they were just too lazy to save.
NS&I has advised that people wanting to save need to evaluate their reasons for not saving.
"By either cutting back on a luxury a month or simply switching savings account to one that better suits your needs, many savers will see these barriers disappear and their savings grow," said sales director John Prout.
He estimates that cutting back on one luxury can increase a person's savings by £75 a month or £900 a year.
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