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

Estate Agent Talk

Buy-to-Let Explained: How It Works and Is It Worth It?

Buy-to-let is one of the most popular property investment strategies in the UK, attracting investors who want to generate regular rental income while benefiting from long-term property value growth. Whether you are a first-time landlord or someone considering adding property to an existing investment portfolio, understanding how buy-to-let works is essential. If you are exploring opportunities with Whitegates…
Read More →
Letting Agent Talk

The Hidden Cost of Deposit Disputes for Letting Agents

Nobody gets into lettings because they love arguing over oven grease. Yet for a growing number of letting agents across London and beyond, deposit disputes at the end of a tenancy have become one of the most quietly destructive parts of the job — eating into time, draining morale, and slowly eroding the trust that…
Read More →
Breaking News

Britain’s strongest housing markets revealed

The latest research from Benham and Reeves reveals the best-performing housing markets across Great Britain when it comes to the average rate of house price growth seen over the course of 2025, with the northern regions and Scotland outperforming most of the rest of the country with annual price growth of up to 11%. Last…
Read More →
Rightmove logo
Breaking News

Over £900 million economic opportunity lost to property fall throughs

Analysis from the UK’s largest property platform Rightmove reveals there is an economic opportunity of over £900 million in England if the number of property transactions falling through can be reduced The calculations show that nearly £392m in potential estate agency revenue and £515m in potential government stamp duty receipts were lost last year to…
Read More →
Breaking News

Landlords chasing rental arrears of £470m

The latest research from Propoly – the platform that automates compliance, reduces risk and protects landlords – has revealed that landlords in England deal with more than £470 million worth of rent arrears in a year, with the largest number of tenants in arrears found in London and the North East. Propoly has analysed the…
Read More →
Estate Agent Talk

Building Buyer Trust Through Architectural Visualization in Real Estate Marketing

In real estate marketing, trust is not a soft value. It is a transaction driver. Buyers commit to years of financial exposure based on how credible a project feels long before it is built. That credibility is no longer shaped by brochures alone. Today, developers often work with a rendering agency to construct a visual…
Read More →