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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