‘A third of consumers now saving regularly’

Consumers of all ages have increased their savings despite the fact that they believe that the Government’s policy is actively discouraging them from building a nest egg.

The Nationwide UK (Ireland)/ESRI Savings Index which records consumers attitudes towards saving increased slightly to 102 in May.

The index found that one-third of consumers are now saving regularly, up from 28% in May last year. Encouragingly, the number of people not saving has also declined by 3% to 41%.