Savers Have More Protection Against Debt
LONDON, UNITED KINGDOM — (Marketwire) — 04/14/09 — Responding to new figures suggesting that less than half of consumers put money into savings on a regular basis last year, financial solutions company Think Money has emphasised the importance of putting money aside each month, adding that people with savings have more protection against debt and other unexpected financial circumstances.
A new survey from National Savings & Investments (NS&I) has claimed that just 47% of people in the UK made regular savings throughout 2008, meaning that over half either put money away from time-to-time or saved nothing at all.
However, NS&I also said that people who are saving have increased the amount they put away on average, with a higher level of savings in the three months to the end of February 2009 than in any quarter since records began four years ago.
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