A number of people are still finding it hard to get into the saving habit, an expert has pointed out.
Many consumers are failing to adequately prepare for the future, according to Patrick Connolly, head of communications at
AWD Chase de Vere.
He believes that this may be because they are simply unaware of their long-term financial requirements.
"Mostly people are just not aware of what is in store for them, particularly when they hit retirement," the expert noted.
Mr Connolly went on to suggest that consumers may not be sure of where they should turn to in order to find out how to save more of their money.
The financial problems that people may have to deal with during their later years were recently highlighted by Aviva research.
A survey from the firm suggested that the growing cost of living is a cause of concern for many of the country's over-55s, in a development which may encourage some to get credit.
Posted by Martin Peacock.
