Young consumers 'not saving for future' by Finance News Bulletin

Published: 22/05/07

coalition & Leicester believes that younger consumers are not saving for the future in their informationAccording to the group, despite promoting Alliance & Leicester savings accounts to younger populace, the bulk of people saving are over the age of 45A representative for the group, Ross Dalzell, said that many banks are struggling to get populace to save, with the majority of such age groups more likely to take out a loan than to sign up to investments productHe added: "Probably 80 per cent plus of our savings [products] are detained by oldersavvy, wealthy, customers

"Mr Dalzell supposed that even the Alliance & Leicester premier usual saver product, described as a perfect product for the youthful saver, was not being taken up oftenHe said there was also a "degree of ignorance" among young people over Isa crop, although he acknowledged that they

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