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Payday Loans Could Cushion Savings Fall
By Mr Hanna
Consumers in this country saved an average of £495 each over the first three months of this year, the research found – a far cry from the £680 which was being typically hoarded in the final quarter of 2005, perhaps influenced in part by the onset of the inevitably costly festive season.
Men have fared somewhat better so far this year when it comes to being disciplined and stocking up for the future – saving £594 on average in comparison with women's relatively paltry £403. This, however, is still a good 40 per cent less than they managed to put away in the months leading up to the end of 2005.
Those aged between 30 and 50 were shown to be the most careful savers in the country, having...
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