Aussies No Longer Panicked About Saving

PiggyBankSaving money is a sensible basic financial strategy whatever the economic climate, but new survey data suggests that we're no longer being driven to savings accounts by fear of the recession.

Picture from Wikimedia Commons

According to the Melbourne Institute's quarterly survey of Australian savings patterns and attitudes, 43% of people said that "saving money for a rainy day" was the main reason for saving. When we looked at those figures last December, 48% of people citied the same reason. The most popular reason for saving remains saving for holidays and travel, though this is an area where we still frequently make planning mistakes.


Be the first to comment on this story!

Trending Stories Right Now