Young men ‘save the most’
Men aged between 25 and 34 are saving an average of £104 every month, compared to the national average of £88 in the same period, NS&I’s Savings Survey found.
Women in the same age bracket are saving an average of £76 a month. Almost four in ten men between the ages of 16 and 34 have a savings goal, compared with just over a quarter of the country as a whole.
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Hide AdJohn Prout, savings spokesman for NS&I, said: “We are delighted that so many young people are mature beyond their years and saving responsibly.
“Setting specific targets is a good way to stay motivated, and even if it’s only a small amount being set aside each month the savings soon mount up.”