Child saving plans

Mar 7 2006

Britons 'still not saving'

The number of people saving has not improved, with half of Britons still failing to put away money, according to a new report.

New figures show that 45 per cent of Britons are still not saving money on a regular basis, the latest quarterly savings survey from National Savings and Investments (NS&I) found.

And a reticent 41 per cent said they have no plans to do so in the future, according to the survey.

Senior savings strategist at NS&I Dax Harkins said that there is still a "hardcore" of non-savers who need to be informed of the importance of the practice.

He said: "The positive savings attitude of more than half of the British population is really encouraging, but we are concerned about the emerging group of hardcore non-savers.

"Despite growing interest in financial matters over the year, our research highlights a continuing trend that almost half the British population are not saving regularly."

Mr Harkins called on the financial services industry to do more to educate people and encourage them to adopt "healthy financial habits".

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