Savers confident for 2010

| January 7, 2010 | 0 Comments
Savers confident for 2010

UK consumers expect to have more spare cash to set aside for savings in the year ahead, new research has discovered.

A study by National Savings and Investments (NS&I) found over a quarter (27%) of Brits are more likely to save money in 2010 than they were in 2009.

Male savers are the most confident of being able to put money into savings, with nearly a third (30%) saying they will save more over the next twelve months.

This represents an increase from NS&I’s autumn survey, when just 25% of men said they expected to save more over the next year.

Women’s confidence in being able to save has remained steady since the autumn survey, with 24% of women saying they will save more in both polls.

Regional variations also surfaced with Londoners and Welsh people the most confident of being able to save more in 2010.

People living in the South West emerged as the least confident of being able to save more in the coming year, with just one in five (22%) expressing this expectation.

“People are increasingly confident that they will save more over the next year than they have done in the last year,” said Tim Mack, NS&I’s savings spokesperson.

“Improving prospects in 2010 may be one reason, or it could be that people are taking the New Year as an opportunity to review and refresh their finances, and to increase their savings to boost their financial security.”

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