National Savings and Investments
 
Media centre / Savings survey /

Quarterly Savings Survey

The Quarterly Savings Survey, launched by NS&I in December 2004 and published each quarter, aims to monitor trends in people’s savings habits on a regular basis, at a national and regional level. Through the survey, NS&I aims to encourage the public to recognise the need to save and to save in a more strategic way, which is more suited to their individual needs in the short and long term. 

Summer 2008 highlights

  • The ideal monthly amount that the population wants to save has risen to its highest ever level (£213.37 per head, 15.67% of total income), but these aspirations are not being reflected in actual savings levels.
  • Those who save regularly each month have saved the highest amounts since the Quarterly Savings Survey began. On average, they have saved £193.07 per month, an increase from spring 2008 when the figure was £185.63.
  • The percentage of people that save regularly each month continues to be less than half of the population (47%), the same as spring 2008.
  • British parents are going into debt so their children don’t miss out.
  • Nearly a third (29%) go into their overdrafts and over a quarter (27%) take out a loan or use credit cards to fund children’s expectations.
  • Over half (52%) of parents work extra hours and just over a quarter (26%) take on a second job, despite having to sacrifice time with the kids.

NS&I has a Senior Savings Strategist available for media interviews.

For further information on the Quarterly Savings Survey, or to arrange an interview with our Savings Strategist, please contact the Media Team.

 Home    Print    Email to a friend  

Search
HM Treasury
Privacy and security | Site conditions and legal | Sitemap
National Savings and Investments is backed by HM Treasury

This website is intended for residents of the UK, Channel Islands and the Isle of Man only.
© National Savings and Investments 2008