Consumers set aside €81bn for a rainy day

CONSUMERS are saving at record rates with close to €81 billion set aside on deposit for a rainy day, as three million savers put away an average of €3,999 every year.

An extra 250,000 are saving more regularly than a year ago, according to the latest EBS Building Society quarterly Consumer Savings Sentiment Research.

The analysis found that 86% are saving money, compared to 79% in August 09, and 77% in August ‘08.