Essential Report

Saving

Jan 16, 2012

Q. Compared to 12 months ago, are you saving more, saving less or saving about the same? (note – saving includes paying off your mortgage)

	Total	Men	Women	Aged 18-34	Aged 35-54	Aged 55+	Work full time	Work part time	Don’t work
Total saving more	28%	26%	29%	41%	26%	19%	35%	27%	21%
Total saving less	33%	34%	31%	27%	31%	40%	30%	28%	40%
Saving a lot more	7%	6%	7%	13%	5%	4%	10%	4%	5%
Saving a little more	21%	20%	22%	28%	21%	15%	25%	23%	16%
About the same	37%	38%	36%	28%	42%	40%	34%	44%	37%
Saving a little less	17%	18%	16%	17%	14%	20%	17%	12%	20%
Saving a lot less	16%	16%	17%	10%	17%	20%	13%	16%	20%
Don’t know	2%	2%	1%	3%	1%	1%	1%	1%	2%

28% of respondents say they are saving more than they were 12 months ago and 33% are saving less – 37% are saving about the same.

Those aged under 35 tend to be saving more (41% more/27% less) while those aged 55+ are saving less (19% more/40% less).

There is a strong relationship with work status. 35% of those in fulltime work are saving more, 44% of those in part-time work are saving about the same and 40% of those not working are saving less.

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