Families saving more money than borrowing for first time in 20 years
http://www.telegraph.co.uk/finance/pers ... years.html
 | | |
| Quote: Households last year put £24 billion into deposit accounts and took out £20 billion in new loans. It is the first time since 1988, when the current records began, that savings exceeded new borrowing. | |
| | |
It is a very good this long term but governments should never had allowed it to happen in the first place. A constant driving down of interest rates meant that the savings habit was lost for many.