Savers get younger

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Nowadays the younger generations are realizing more and more that they can’t simply rely on government support, or so called ‘safe pensions’ for the future.

By becoming independent and saving for the future, younger savers in the long term, will be putting the UK economy in a stronger position.

Savers get younger

Brits aged 18-34-years-old are saving a great deal more than the country’s over-55s, it has been found by high street bank Abbey.

The bank published figures on Friday (February 20th) showing that adults under the age of 34-years-old managed to cut up to £3,599 from their annual outgoings as a result of the credit crunch, while baby boomers cut their spending by just £2,773.