Research has found that women save nearly 40 per cent of their income but men put away just half that.
The UK’s best savers are in the area of north Norfolk, where people have set aside more than half of their annual salary, according to Halifax.
A survey found that the average
Chief economist Martin Ellis commented on the importance of planning for retirement, saying: “
The study also found that the average balance for over-75s is more than £20,000.
Scottish Widows has today revealed that 49 per cent of people are still not saving adequately for retirement, with 18 per cent not saving anything at all.
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