NS&I has announced savings levels have risen for the second successive quarter with Britons now saving 7.3 per cent of their income per month. This amounts to £90 in real terms, up from 7.1 per cent in the previous quarter. However, 28 per cent of people believed they would not be able to sustain these levels in the next three months and 25 per cent said they did not save anything in an average month. {desktop}{/desktop}{mobile}{/mobile} Although men saved 7.1 per cent per month compared to 7.7 per cent saved by women, this accounted for more in real terms as men usually had higher wages. Men saved £102.54 per month on average compared to £78.49 by women. Savers in the 35-44 age group saw the highest rise, up from 5.6 per cent in the third quarter of 2012 to 7.2 per cent this quarter. Over half of savers said they had enough money to cope in an emergency. John Prout, NS&I retail customer director, said: "It is encouraging to see that savings levels have increased for the second quarter in succession, however we know that these are at low levels and the need for people to review every aspect of their spending to see if they can build up more of a financial cushion is still ever pressing."
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
Promote your vacancy to thousands of professionals on Financial Planning Jobs
Our specialist jobs service Financial Planning Jobs can help you reach nearly 12,000 financial professionals. You can set up an Employer Profile and post your job the same day on Financial Planning Jobs (terms apply). Dozens of Financial Planning and Paraplanning firms have used our affordable service to recruit new talent.