3rd May 2017
Nearly half of all savers who responded to our monthly poll for April told us that securing a new home was their primary motivation for putting funds aside at the moment.
The next highest demographic was the group saving money towards a significant event, which made up a quarter of the total respondents, whilst a further 20% were aiming to ensure that their bases are covered in the event of financial difficulties.
Only 5% told us that setting aside money for retirement is what motivates them most, whilst none replied that the major driving factor was to provide a trust fund for their children or other family members. An additional 5% told us that they are planning something else entirely with the funds they are saving at present.
|What is your primary motivation for saving money at the moment?||Results|
|To secure a new home||45%|
|To have a rainy day fund||20%|
|To have a trust fund for your children / family members||0%|
|To have a retirement pot||5%|
|To pay for a big event – e.g. wedding, holiday of a lifetime||25%|