Media centre
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Savings survey
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Quarterly Savings Survey
The Quarterly Savings Survey, launched by NS&I almost five years ago 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.
Spring 2009 highlights
Quarterly Tracker Research
- The monthly amount saved per head across the population is higher than ever before recorded by the Quarterly Savings Survey, up from £82.87 in spring 2008 and £90.12 in winter 2008/09 to £92.41 this spring 2009
- The average amount saved as a percentage of income is now 6.83% of their income each month during spring, up from 6.35% in spring 2008
and 6.48% in winter 2008/09
- Regular savers have set aside the highest amount since the Quarterly Savings Survey began in 2004, putting away £209.23 a month in spring 2009 up from £185.63 in spring 2008 and £201.55 in winter 2008/09
- Longer term, Britons are feeling pessimistic about their ability to save in the coming three months - almost two fifths (39%) said they would save ‘less’ than currently, compared to just under one fifth (18%) stating more
- A third (32%) of savers said they did not have enough money to cope in an emergency. In real figures, this equates to over
15 million people (15,381,440)
- The average amount held in savings has increased from £17,372 in winter 2008/09 to £18,443
Lifestyle Research
- 42% of Britons think they save money on household bills and outgoings during the summer, on average £77.39 a month
- However, 48% think they spend more on leisure activities in summer, with spending up by a monthly average of £109.80
- 43% blame improvements in the weather for increased summer spending as it makes them more relaxed
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.