Legal & General finds young people in the mood to save

07 April 2005
They may have fewer responsibilities and a carefree attitude, but the latest Legal & General Moneymood survey has found that young people are more sensible than you might think.

The monthly research into people's feelings about savings and investments has revealed that almost three-quarters of those aged under 35 were in the mood to save in March.

The financially-savvy young people boosted the overall figures, which brought the number of people expecting to save to 60 per cent - the highest level since the survey began in September 2004.

"The momentum behind the mood to save is clearly building. We are not experiencing any slow down in the signs of increased confidence in the ISA market that we've picked up in the last two months," commented Julia Clayworth, head of direct marketing for retail investment at Legal & General.

The survey found that one in six people with a stocks and shares ISA were likely to invest more this year, growing to one in five amongst men under 35.

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