Investors are looking to share dealing as a way of boosting their income, new figures show.
According to Halifax Share Dealing, there has been a rise in the number of customers who are using share dealing to supplement their regular income, with 33% saying they intend to do so.
Halifax Share Dealing suggests that this increase in the proportion of customers using the stock market to subsidise their income in this way could be a result of a weak employment market, as people look for new ways to generate cash; rising inflation could also be playing a part, as it continues to erode the value of household savings.
Commenting on the figures, managing director of Halifax Share Dealing, Damian Stansfield said, "It’s clear our customers are regularly investing for a wide variety of reasons, the survey shows many are but we are seeing a marked increase in those now actively seeking to use stock market trading as a viable way to boost their regular income."
Furthermore, Mr Stansfield expects the number of people using share dealing accounts to boost their income to continue to rise: "With relatively low costs and a growing number of Halifax Share Dealing investment options and vehicles at their disposal, we expect the level of regular investment to continue as consumer experience and confidence grows," he said.
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