Scottish Friendly Reveals British Saving Habits

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A study by Scottish Friendly reports key findings about the saving habits of British men and women.

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Men also report higher levels of happiness with their savings, with 42% of male respondents being happy with their savings; 7% more than their female counterparts.

A study carried out by Scottish Friendly revealed that men are better, more thoughtful savers than women. Scottish Friendly provides a wide range of products including simple savings solutions like tax free savings plans. To improve on these products and services, they asked their customers about their savings habits and what they were saving for.

The study took the form of an online survey into its customers’ habits and intentions and their plans for saving for the future.

Drawing on these statistics, this infographic illustrates the results from survey respondents. The survey revealed key differences between men and women in their attitudes to money and saving.

Men are found to be the better savers, in intent and in results. These statistics show that men are more likely to make a consistent commitment to monthly savings.

Men also report higher levels of happiness with their savings, with 42% of male respondents being happy with their savings; 7% more than their female counterparts.

Women, in contrast, are more aspirational in their ideas about saving, with 6% more women than men respondents revealing that they would like to save more.

What are British men and women saving for?

The study showed that men are more forward-thinking savers.

Men are ahead in saving for key life events, particularly in saving for a child’s future (30.8% men, vs 21.6% women); putting together a deposit for a house (11.1% men vs 7.6% women).

Men also posted a huge lead in preparing for retirement, with 50.8% of men saving for 65, versus only 36.9% of women.

For more frivolous means, the study showed a close correlation on savings for a rainy day, holiday. Only 2.2% of male respondents and 1.9% of female savers reported saving for a shopping spree.

About Scottish Friendly:

http://www.scottishfriendly.co.uk/

Scottish Friendly is a progressive and modern financial services group. It provides investors and their families with a wide range of products from simple savings solutions such as friendly society tax free savings plans to administration of life and investment products.

Contact:
Jim Gall
E-commerce Marketing Manager
Scottish Friendly Assurance
16 Blythswood Square
Glasgow
G2 4HJ

t: 0141 275 5119
e. james.gall(at)scottishfriendly(dot)co(dot)uk

http://www.scottishfriendly.co.uk/

http://twitter.com/scotfriendly

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