Quarter are failing to put money aside

Daily Echo: Quarter are failing to put money aside Quarter are failing to put money aside

LAST week’s Budget may have brought a smile to savers’ faces but new research reveals more than a quarter of those in the South East have nothing put by for a rainy day.

Research from the insolvency trade body, R3, shows 28 per cent of people in the region, which includes Southampton, have no savings at the moment.

The stats on the South East’s savings follow the Chancellor’s unveiling of a range of measures to help savers in the Budget, including a significant increase in the amount people can put into ISAs (£15,000) and the abolition of the 10p tax rate for savers.

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3:04pm Mon 31 Mar 14

Rob444 says...

Many people barely have enough money to live on, let alone save.
Many people barely have enough money to live on, let alone save. Rob444
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