Financial shocks have encouraged a number of consumers to look at how they can save more cash as part of their money management, new research suggests.
Figures published by NS&I have touched upon a variety of saving trends, investigating why consumers have been inspired to put aside their cash.
Of those savers polled in the firm's survey, 31 per cent are said to have begun investing money after being hit by financial upheaval of some sort.
Meanwhile, the money worries that people's parents have experienced in the past gave 39 per cent of respondents the impetus to save.
While some consumers may look to get credit in order to support themselves in future years, NS&I's John Prout suggests that saving is a good habit to get into.
Mr Prout, savings spokesperson at the company, stated: "We're urging Britons to review their future financial needs and to develop the habit of saving."
Meanwhile, the insurance company LV= recently highlighted the large costs that parents might have to meet in future years, to provide adequate support for their children.
Posted by Martin Peacock.
