One in four people fails to save any money at all and most who do use the cash for a holiday, a study suggests.
One in four people fails to save any money at all and most who do use the cash for a holiday, a study suggests.
The Post Office research indicated a third of people did save, but not on a monthly basis.
The Post Office research indicated a third of people did save, but not on a monthly basis.
Just over a quarter of those who did not save said they had too many debts to pay and a fifth simply spent it all.
Just over a quarter of those who did not save said they had too many debts to pay and a fifth simply spent it all.
Office for National Statistics figures released in June showed Britons were saving proportionately less of their income than at any time for 50 years.
Office for National Statistics figures released in June showed Britons were saving proportionately less of their income than at any time for 50 years.
Among those who did put cash aside the most common reason was to save for a holiday.
Among those who did put cash aside the most common reason was to save for a holiday.
Nearly half of those aged 55 to 64 said they were saving to prepare better for retirement.
Nearly half of those aged 55 to 64 said they were saving to prepare better for retirement.
Are you someone who doesn't save anything each month? Why is this? Send us your comments using the form below. Please include a phone number if you don't mind us contacting you.
Are you someone who doesn't save anything each month? Why is this? Send us your comments using the form below. Please include a phone number if you don't mind us contacting you.
