Only 38% of people save on a regular basis
The latest Nationwide UK (Ireland) savings index declined last month and the factor driving the weakening were the reduction in the percentage of people saving regularly from 40% to 38%. The percentage of those not saving at all rose from 25% to 27%.
The national average for those who save regularly is 38% while 41% of the over-50 age group save on a regular basis. Two-thirds of the under-50 group believe they are saving less than they should, while a little more than half of the over 50s believe the same. Of those aged more than 50, two-thirds think government policy discourages saving.
