Fall in rate of regular savings
October saw a large fall-off in the number of regular savers as dissatisfaction with government policy grew and people increasingly felt it was a bad time to put money away.
The overall index, which measures consumers’ sentiment towards saving, decreased to 94 in October, down 20 points on last month. The decrease was driven by falls in the report’s two sub-indices, which measure consumer sentiment towards their own saving behaviour and towards the wider savings environment, respectively.
