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Most still in the 'mood to save'

Updated on 26 March 2007

Source PA News

The national mood to save fell slightly in February but still registered a year-on-year increase, research has indicated.

Legal & General's latest MoneyMood survey showed that 64% of UK adults were inclined towards saving in the month, down from 65% in January.

The figure is up on the 56% of people who in February 2006 agreed with the statement that in view of their current finances they were in the "mood to save".

The "mood to spend" index increased slightly in February - from 22% to 24%, Legal & General figures showed.

But the figure was down on the percentage recorded for the same month in the previous two years, figures showed.

Clare Stacey, customer marketing director at Legal & General, said: "These latest figures show the 'MoneyMood' of the nation is firmly in 'save' mode as we enter the ISA market this year.

"MoneyMood also found that the percentage of households who said they have money to spend after paying bills and debt payments has not chanced over the three years."

Almost 60% of households said they had some money left at the end of the month after paying off bills and debt.

These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.

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