Survey: 50% of adults not saving

Nearly 50% of adults are not saving any money, with fewer than 30% saving regularly, according to a study.

The latest edition of the monthly savings index — jointly conducted by financial services firm Nationwide UK Ireland and the ESRI, the economic think tank — shows that 47% of people are not saving. This is up from the 42% measured in October and marks an increase from 33% this time last year.

The November reading marks the highest level of non-savers in the two-year history of the index.