Ever-increasing interest rates might be just the thing to encourage people to put more money into their
According to Christie Scotts, people have little incentive to save money when interest rates are low.
In addition, a spokeswoman said that a culture of consumerism and high consumer spending has harmed
“Our consumer culture has led to a situation where we want instant gratification and follow this need rather than saving for our futures”, she explained.
Building society Birmingham Midshires (BM) told the Independent this week that average
That is one-third less than the amount saved in the second quarter of 2006, which was £1,376.
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