capaDATA
  • PERFORMANCE
    • Younger saver, 30 years to retirement – 5-year annualised returns
    • Younger saver, 30 years to retirement – 3-year annualised returns
    • Younger saver, 30 years to retirement – 1-year annualised returns
    • Older saver, 5 years to retirement – 5-year annualised returns
    • Older saver, 5 years to retirement – 3-year annualised returns
    • Older saver, 5 years to retirement – 1-year annualised returns
  • RISK/RETURN
    • Risk/Return – Younger saver, 30 years from retirement, 5-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 3-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 1-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 5-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 3-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 1-year annualised
  • PROVIDERS
    • Aegon Master Trust
    • Aon Master Trust
    • Atlas Master Trust
    • Aviva Master Trust
    • The Bluesky Pension Scheme
    • Ensign Retirement Plan
    • Fidelity Master Trust
    • Legal & General Investment Management – WorkSave Pension Mastertrust
    • LifeSight (Willis Towers Watson)
    • Mercer Master Trust
    • National Employment Savings Trust (NEST)
    • Now: Pensions
    • The People’s Pension
    • Salvus Master Trust
    • Scottish Widows Master Trust
    • Smart Pension
    • Standard Life DC Master Trust
    • SuperTrust UK Master Trust
    • TPT Retirement Solutions
    • Welplan Pensions
  • Research
    • ADVISERS
      • Pension provider selection factors
      • Switching
      • Diversification
      • Illiquids
      • ESG
      • Green
      • Digital
      • Consolidation
    • PROVIDERS
      • Master Trusts by number of members
      • Master Trust defaults by assets and number of employers
      • Member charges
      • Employer charges
      • Master trust investment advisers
      • Equity exposure
      • Derisking
      • Asset managers used
  • NEWS
  • MORE
    • About
    • Advertise
    • Contact us
    • Privacy policy
    • Content syndication
    • Terms & Conditions
CAPA
No Result
View All Result

Over 44pc of adults won’t be saving any money in the next year

14 November 2022
Financial priorities shift amid cost-of-living crisis – Aegon
Share on TwitterShare on FacebookShare on LinkedIn

Men are more unlikely to save money in the next 12 months compared to women and a further 43 per cent find it difficult to pay bills while women are using their credit cards more often, compared to men, according to new data. 

According to recent ONS data, analysed by Tax Calculation site Income Tax, over 2,000 people of all ages were surveyed from the 12th to the 23rd of October about their finances, savings, bills and cost of living changes and nearly 44 per cent of respondents indicated that they would not be saving any money in the upcoming year. Compared to women, who will save money 43 per cent of men won’t.

Participants in the survey were asked if paying their bills is something they find simple or challenging. Overall, 43 per cent of both men and women report having some difficulty or great difficulty paying their energy costs. But compared to 7 per cent of men, 11 per cent of women find it extremely difficult.

As a result of rising living expenses, survey respondents were also asked what they were doing. In comparison to men, who spend 37 per cent more on food and shopping, more women, 41 per cent, reported spending less on these items.

Around 13 per cent of men and 15 per cent of women respectively are using their credit cards more frequently.

A spokesperson of Income Tax said: “The cost-of-living crisis is affecting millions of people up and down the country. This data shows that many people, both men and women, are worried about their finances over the next 12 months. 

“Many of us are also making lifestyle changes to make ends meet, whether that be cutting back on non-essential items, travelling less or even making energy efficient improvements to our homes.” 

The post Over 44pc of adults won’t be saving any money in the next year appeared first on Corporate Adviser.

TweetShareShare
Previous Post

Cardano launches AI tool for covenant assessments

Next Post

Over 75s expected to spend 8pc of disposable income on energy bills – research

Category

  • By Provider
  • News
  • Not for search
  • Provider page archive
  • Uncategorized
  • video
CAPA data

© 2019-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

Follow us

No Result
View All Result
  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication