The Nationwide UK (Ireland) Savings Index, December 2015
January 21, 2016
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- The Savings Index experienced a fall in December decreasing to 104 from 116 in November. The three-month moving average, which smoothes out much of the monthly volatility also experienced a decrease of 9 points to 109.
- The Savings Environment sub-index declined marginally again in December to 105 from 109 in November. This reflects a decline in those viewing government policy as being supportive of saving.
- The most significant change this month was in the Savings Attitude sub-index which decreased by 20 index points up to 102. This was driven by a decrease of 28.4 index points in how consumers feel about the amount they are able to save and a decrease of 10.5 index points in the question that asks consumers if they are able to save. While the majority of consumers think they save about as much as they should, there has been an increase in the number of people reporting saving less than or nowhere near what they should be saving.