‘Saving for rainy day’ culture growing

Consumers are becoming more confident in the amounts they are saving, according to a report issued by Nationwide UK (Ireland) and the ESRI.

The report states that 44% of people are saving as much as they believe they should — an increase of 4% on 12 months ago.

Up to 78% of people are expecting to maintain their level of saving over the next six months, an increase of 8%, while 12% of people expect to save more.