Savings Gap

Britons borrowed 62 pence for every pound saved in the fourth quarter of 2009.

Britons 'go back to borrowing'

Hopes that the shock of the recession may have improved people's financial habits have been dented after new research showed that saving levels suffered a "sharp fall" last year as Britons returned to borrowing.

56 per cent of Britons said they met their saving goals last year.

Survey: 56% met 2009 saving goals

Some 56% of Britons met or exceeded the saving goals they set for themselves in 2009, but the number of people not putting away anything for a rainy day almost doubled, according to a new survey.

Family handouts are becoming restricted

Family bank out of cash

The rising cost of living means families can no longer rely on each other for loans and are resorting to other means of support, a survey has found.

Savings: Stormy times ahead increase savings

Economic worries increase savings bug

Tales of economic storms rising are leading Brits to batten down the hatches and save for the future, according to new research.

Savings: Young folk savings more

Young ones start saving

The number of young people opening savings accounts in the last six months have doubled since March 2007.

An income of £22K is needed to save, say Brits

£22K needed to save

Over half of Britons do not save, claiming they do not earn enough to afford it.

British women find putting money away in savings accounts easier than losing weight

Making money easier than losing pounds

British women find putting money away in savings accounts easier than losing weight.

UK residents have four times more money saved up than they have in debts

Britons have trillions in the bank

UK residents have four times more money saved up than they have in debts.

Brits are living in a financial dream world, spending now in the hope of money to come

Brits living in financial dream world

Millions of Britons are living in a financial dream world, where they spend now in the hope that they will come into money later.

Some 4.5m Brits over 55 have not made any financial plans for their retirement

4.5m Brits need to save more for retirement

Some four and a half million Britons aged over 55 have not made any financial plans for their retirement.

Parents' savings accounts are being drained by adult children

Children draining parents' savings

Grown-up children are one of the largest drains on parents' savings accounts.

Women earned £160m less on their savings accounts last year

Women not saving themselves

Britain's women earned £160 million less interest on their savings accounts than their male counterparts last year.

For every £2 saved by UK residents almost £1 is borrowed, Unbiased.co.uk reveals

Save £2, borrow £1

For every £2 saved by UK residents almost £1 is borrowed, new figures reveal.

HBOS predictsUK savers will have more than £1 trillion in the bank by the end of the year

Brits have £1 trillion in the bank

UK savers will have more than £1 trillion in the bank by the end of the year, HBOS predicts.

Presents might be getting smaller, as Brits scrimp and save this Christmas

Brits in the mood to save not spend this Xmas

Despite the orgy of shopping that is the festive season, Britons are decidedly unenthusiastic about spending their cash this Christmas.

"Save the Change" by Lloyds TSB - lets people save money automatically when they buy

Save money when you buy with Lloyds TSB

Lloyds TSB has launched a new "Save the Change" scheme, letting people save money automatically when they buy things with their debit card.

Millions of British youngsters are saving and acting sensibly.

Young Brits saving not drinking

While ever more stories hit the news about the drinking, speeding, and Asbo-collecting lifestyles of British youngsters, elsewhere millions are saving and acting sensibly instead.

The government should act to help poor Britons get access to cheap loans

Govt 'must act' on expensive loans

An influential group of MPs has called on the government to do more to tackle expensive lenders and loan sharks.

The government should do more to boost savings, the IPPR claims

Government should offer leg up with savings

The government is being urged to offer Britons a leg-up on the savings ladder, by providing regular savers with a £250 boost.

Brits like investing in property [photo:Pixmedia]

Property still the most popular investment

The stock market hit a five-year high this week, but given the choice Britons would still rather invest in property.

Child trust funds have kick-started the UK's savings [photo:Pixmedia]

Child trust fund prompts savings revolution

The child trust fund might be less than two years old, but the evidence suggests it has fundamentally changed the way Britons save.

Britons are not saving enough to fund the retirement they picture themselves having

Retirement dreams not backed by pension savings

Young Britons are looking forward to a retirement fulled with family and freedom, but paying for this does not seem to be on their agenda.

Misunderstandings mean Brits risk running out of savings in retirement

Retirement savings at risk

Britons approaching retirement are putting their savings at risk by not having a realistic retirement plan, according to a new report.

Is ignorance bliss or are older Britons really better prepared financially?

Older Britons think they are better off

The younger you are the more worried you are about your finances, new figures reveal.

Britons saved record amounts between April and June

UK savings hit record

The UK's savings hit an all-time record from April to June 2006, new figures reveal.

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