38% of people unable to save anything

Those who can save money are doing so, but the number of those who can’t afford to put anything by has risen, according to the latest Nationwide UK (Ireland) ESRI Savings Index.

The monthly savings survey found that there was an increase in both the number of people saving regularly and also in the percentage of people who weren’t saving at all.

The savings market has polarised according to the managing director of Nationwide (UK) Ireland, Brendan Synnott.