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Saving the nation

April 2010

We’re just not saving enough for our retirement.

This extract is reproduced from a report conducted by National Savings and Investments. To read the full report visit the NS&I website.

Non-savers and inadequate savers

The results within this report show that while over the last five years the average amount saved per head has increased slightly, millions of working people are currently saving nothing at all for their future. In addition, although the average amount people want to save in pounds is higher in 2009 than 2005, savings targets as a percentage of income have declined slightly over this period.

Five years of NS&I's Savings Survey Reviewed

  • Five years' of data shows individual savings ratio constant at around 6%
  • The percentage of people saving regularly each month in 2009 is at 47% - a slight increase from 45% in 2005 
  • Last Autumn over half (54%) of people said their main savings objective was to set money aside in case of emergency

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Where next?

If you still want to know more, here are some links you might find useful:

Retirement

To provide you with the fullest range of information and opinion, we draw from a wide range of sources and so the views expressed here do not necessarily reflect those of NS&I and should not be taken as financial advice.