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Economic Slump Creates Young Savvy Savers
The recent rise in unemployment is having a surprisingly positive effect on the saving habits of Britain’s youth, according to the latest research by money-saving website MagicFreebiesUK.co.uk.
MagicFreebiesUK.co.uk questioned nearly 1000 18-24s about their finances, and found that more than 70% are making an effort to save each month, despite 1/5 being unemployed. 60% are saving the same or even more than they were last year, with over 40% saving in case of an emergency such as redundancy.
