Women 'paying more attention to savings accounts'
08 September 2010 16:07:34
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| Women are increasingly using their savings accounts. |
Legal & General's latest MoneyMood Survey suggests that 64% of women are now in the mood to compare savings accounts and set money aside, compared to just 59% at the beginning of 2009.
In contrast, the percentage of men who are saving has fallen from 59% to 56% during the same period.
The survey suggests that many women are keen to save for a rainy day (66%), a holiday (51%), to pay household bills (51%) and to enable home improvements (48%).
In contrast, just 25% of women are building up a spare supply of cash in case they lose their job and only 10% are saving up for a house deposit.
Mark Gregory, executive director of savings at Legal & General, said: "The mood of the nation is definitely one of saving (60%) rather than spending (23%). But there is a marked difference in the responses from the sexes.
"Women are clearly the driving force in maintaining the saving habit in most households."
Meanwhile, a separate survey by Aviva has found that one in four over-55s have been forced to dip into their savings to meet unexpected expenses, while only 23% have made any provision for the future upkeep of their homes.
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