Over-50s hit as consumers saving less

CONSUMERS are saving less with the over-50s finding it especially difficult to put money away.

Nationwide’s UK/Ireland ESRI savings index declined by six points last month to 105 as divergent concerns temper attitudes towards saving.

The Savings Attitude sub-index declined by five points in August to 94, primarily driven by the over-50 age group who showed a more negative attitude towards the amount they are able to save.