Saturday, Oct 21, 2006

.. The nation is blind to the risks ... Mad ...

The Scotsman: Savings slump deepens, with few looking to retirement

... the proportion of people saving has fallen over the past three months, but confidence in property as an investment class continues to be high. ..... of those saving regularly, only 46 per cent are salting cash away for their retirement. The majority are still looking to fund the short-term gratification of holidays and home improvements.

But consumer confidence in property continues to grow. Buy-to-let property has jumped in popularity for investors, increasing by 23 per cent in the last three months. That makes it the second most popular savings class after consumers' own homes.

The popularity of equities continues to fall ..... This suggests that, while people are prepared to take more of a risk by investing in property, they are reticent about taking on a higher level of volatility.

Posted by sirgoogle @ 03:32 PM (491 views)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies