Only 32 per cent of Europeans are managing to save money, a new report has revealed, which could interest those trying to improve their
credit rating.
The 2010 Survey of European Consumer Finances, conducted by Janus Capital, involved 6,010 European adults from six nations - the UK, France, Germany, the Netherlands, Germany, Spain and Italy.
It found that those aged 25 to 34 and 55 to 65 are more likely to be saving than those aged 35 to 54 - the age group previously most likely to set money aside.
Just ten per cent of those questioned said they were actively intending to pass significant wealth on to their children, but almost half said they had no intention of doing so.
With this in mind, 42 per cent revealed that they thought the children of their generation would be worse off than they were.
When it came to the subject of pensions, a majority of respondents (61 per cent) admitted that they were not saving enough for their retirement.
Ric Van Weelden, head of Janus Capital Group's European business, said: "Advance findings from the second annual Janus Capital European Consumer Finance Survey clearly demonstrate how the financial crisis has fundamentally challenged the norms of financial wellbeing."
"The financial services industry will have a very different landscape to serve going forward," he concluded.
Earlier this month, a survey published by Accountz found that 92.2 per cent of people feel they are fully abreast of the amount of debt they are in.
Posted by Gemma Walker
