â€˜Mood to Saveâ€™ highest for six years in latest Legal & General MoneyMood Survey.
01 March 2011
Over the last year the percentage of men who say they are in the mood to save has shown the largest rise, up 12 per cent to 70 per cent (was 58 per cent). However, the percentage of women who say they are in the mood to save has also continued to rise, up to 67 per cent (was 63 per cent).
Please click on the link to the right to view the latest Money Mood chart.
Commenting on these findings Mark Gregory, Legal & General Executive Director Savings said: “This month’s survey shows a significant swing away from ‘spending’ compared to the same period last year and appears to signal a resurgence in the ‘saving mood’. Our survey indicates only one in five households (20 per cent) said they were inclined to spend. Both men and women appear to be driving the revival of the saving habit with seven out of 10 in the mood to save.
At the end of last year we found that households were focusing on meeting short term needs with ‘Saving for a rainy day’ emerging as the top reason for saving at 68 per cent (men = 72 per cent, women = 66 per cent), but we would urge people not to neglect their long-term needs, such as saving for retirement, because of today’s immediate concerns.”
Consumers seeking guidance, information or possible solutions to planning their financial future, visit the Legal & General website at www.legalandgeneral.com or seek independent financial advice.
Notes to editors
The Legal & General Group, established in 1836, is one of the UK's leading financial services companies. As at 30 June 2010, we were responsible for investing £331 billion worldwide on behalf of investors, policyholders and shareholders. We also had over 6.9 million customers in the UK for our life assurance, pensions, investments and general insurance plans.
Survey - methodology:
Research for the Legal & General MoneyMood Survey was carried out on behalf of Legal & General by BMRB – Access Omnibus Surveys. Telephone interviews were conducted among a nationally representative sample (in GB) of around 1,000 adults (age 18+) between 18 to 20 February 2005 and 18 to 20 February 2011.
The Legal & General MoneyMood Survey ® (registered by Legal & General Group plc).
For more information please contact:
PR Manager Savings
t: +44 (0) 1737 375365
m: +44 (0) 7802 503917
About Legal & General
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