Singles ’spending more than couples’
June 3, 2008 by admin
Filed under News, News-Banking
Singletons are flashing more cash than those in relationships, a new study has revealed.
Research conducted by Legal & General has shown that six per cent more Britons managed to make some savings during April than was the case in the same month 2007.
However, six out of ten of the people still in the mood to spend their hard-earned cash on entertainment and fun are single, which Legal & General suggests is not surprising.
Julia Clayworth, the organisation’s wealth management head of marketing, commented that the findings show it is not “all gloom and doom” for Britons.
“It is reassuring that people’s saving habits are gradually changing despite the reported economic downturn and that they are still managing to have some fun as well,” she added.
A recent study by egg warned that just half of all workers in the UK could manage for four months on their existing savings, despite this being the average length of time people are out of work following redundancy.
