Number of people not saving on rise

The number of people not saving at all has risen, along with a widespread belief that Government policy makes it impossible for people to save.

The Nationwide UK (Ireland) ESRI Savings Index has declined for the second month in a row. More than half of the 800 people surveyed believe they are savings less than they should be.

The latest report, focusing on March, found that 31% of people are not saving at all, up from 24% in Mar 2011. In addition, 44% of people think that now is not a good time to save and 58% believe that Government policy discourages saving.