The National Savings and Investments Century of Savings report has made a number of findings about the way Brits will save and invest their money over the next 50 years.
Furthermore it is women, not men, who will be making the majority of household financial decisions in just 13 years and by 2030 women will be the main breadwinner in one in four couples.
William Nelson of Future Foundation comments that women are already more likely to be handling day-to-day financial matters.
"In 2007, we are seeing the emergence of a generation of women who are better educated, more ambitious and more financially confident than any before them," he remarks.
The number of households actively saving has crept up from 37 per cent in 1957 to 43 per cent this year with predictions it will reach 50 per cent by 2057.
In other news, the Post Office is urging savings account holders not to be complacent after the interest rate has remained steady at 5.75 per cent following a decision by the Bank of England yesterday, as it expects interest rates will still rise later this year.
Household savings will increase, report finds
Household savings will increase, report finds
Fri, 03 Aug 2007
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