Over half of the nation believes they are currently not saving enough according to Aldermore

October 26, 2017

The latest research from Aldermore’s 2017 Annual Savings Tracker reveals that over half of the nation believes they are currently not saving enough. The nation’s inconsistent savings habit may be one of the reasons for these concerns as almost two fifths (37%) only save if they have money left over the end of the month, and nearly a fifth (18%) save a different amount each month.

Commenting on the study, Ewan Edwards, Head of Propositions – Savings, Aldermore says: “Our Savings Tracker reveals that the majority of people (56%) believe they are not saving enough and a significant proportion are not making regular contributions towards their savings pot. The findings also show over one in ten (13%) rely on a bonus when they want to add to their savings. Instead, more people need to set aside a regular amount at the beginning of each month for their savings, making this a lifestyle choice and a consistent habit.

“It is encouraging to see an attitudinal shift from 18-24 year olds when it comes to adopting the savings habit, with this generation starting to save from a younger age. This is positive news, but this age group still believes they are not saving enough and this echoes across the UK. I would like to encourage everyone to make even slight changes to their savings habits, by saving even a small amount regularly and by shopping around to get the best rate as this can make a surprisingly positive difference in the long term.”

Read the latest news item from Aldermore posted 25th October 2017 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

UK House Price Index for January 2025

The latest index shows that: The average monthly rate of house price growth in January was -0.3%. Average UK house price annual inflation was 1.3% in the 12 months to January 2025. As a result, the average UK house price currently sits at £268,000.   Here are some thoughts from the Industry.   Damien Jefferies,…
Read More →
Breaking News

Exchange time reaches 135 days

Property transactions slow as exchange time reaches 135 days — up 45% on 2019 The time it takes to exchange contracts has risen to 135 days — 45% longer than in 2019 and 3% higher than last year — despite a drop in property transactions year-on-year, it emerged today. Novus Strategy, the transformation consultancy for…
Read More →
Breaking News

Industry response to latest inflation figures and its impact on housing

Industry response to UK inflation remaining at 3%. Nathan Emerson, CEO of Propertymark, comments: “Although inflation has remained steady since last month, it is important to acknowledge geopolitical tensions moving forward, and the effect such pressures may have on many households over the coming months. “Today’s news should help bring a measured sense of consistency…
Read More →
Breaking News

Foxtons Lettings Market Index – February 2026

Seasonal recovery as improved supply and demand indicates a return of market momentum   Lettings market is showing signs of seasonal recovery as we see market activity picking up, with February performance indicating that momentum is returning following a usually quieter winter period. Renter budgets remained broadly stable, averaging £540 per week year to date…
Read More →
to let sign 2025
Letting Agent Talk

The best time to list a rental property in London revealed

Lettings experts at Kinleigh Folkard & Hayward reveal the best time to list a rental property in London to get twice as many enquiries Spring is a natural reset for our homes with a light refresh going a long way to help us feel rejuvenated. A quick coat of paint where walls look tired, fresh…
Read More →
Rightmove logo
Breaking News

Rightmove expert reacts to ONS figures

Colleen Babcock, property expert at Rightmove, said:  “Today’s ONS figures reflect the seasonal uplift we typically see at the start of the year, which mirrors what we’ve already observed in our own January and February data. With the number of homes for sale now at its highest level in over a decade, buyers are benefiting…
Read More →