Legal & General: UK in savings mode
23/03/2007
The UK is firmly in savings mode, according to the latest MoneyMood survey from Legal & General.
Indeed, the research shows that the nation's mood to save has increased for the third February in a row.
Legal & General states that 64 per cent of adults wanted to save their money at the end of February, compared to 56 per cent at the same time in 2006.
Claire Stracey, director of customer marketing at the financial services provider, commented: "These latest figures show the MoneyMood of the nation is firmly in save mode as we enter the Isa [individual savings account] market this year.
"MoneyMood also found that the percentage of households who said they have money to spend after paying bills and debt payments has not changed over the three years."
This indicates that the majority of households are in a position to add to their savings rather than struggling to get by, she added.
Legal & General offers a range of investment and insurance products, including Isas, pensions and life cover.
Indeed, the research shows that the nation's mood to save has increased for the third February in a row.
Legal & General states that 64 per cent of adults wanted to save their money at the end of February, compared to 56 per cent at the same time in 2006.
Claire Stracey, director of customer marketing at the financial services provider, commented: "These latest figures show the MoneyMood of the nation is firmly in save mode as we enter the Isa [individual savings account] market this year.
"MoneyMood also found that the percentage of households who said they have money to spend after paying bills and debt payments has not changed over the three years."
This indicates that the majority of households are in a position to add to their savings rather than struggling to get by, she added.
Legal & General offers a range of investment and insurance products, including Isas, pensions and life cover.
