Increasing numbers of students preferring to save over travel
January 17, 2008 by admin
Filed under News, News-Banking
Increasing numbers of students are foregoing a gap year to go travelling, preferring to put money away for property, according to new statistics. 
Findings from Abbey revealed that 42 per cent of respondents are opting to save towards a deposit on a first home.
This is twice the number of students saving up to go travelling or for a new car after they have graduated.
Nici Audhlam-Gardiner, head of Abbey Mortgages said: “House prices have brought in a harsh new reality for students.”
“They now need to weigh up the benefits of travelling against jumping straight into a career and being able to afford to get onto the property ladder,” he added.
A further 21 per cent of past graduates thought they could definitely have saved more money while at university, while 2.9 million (17 per cent) wished that they had worked harder and played less, according to the figures.
Recent research from Abbey showed that up to 15 million Brits suffered financially as a result of being unprepared for big life changes.
