Lockdown making UK a nation of savers, says report
Lockdown has seen many homes become savers as they are spending less.
Amidst the pandemic pandemonium people have found a small fortune can be saved.
Some reckon they are £500 a month better off.
In a Money Mail survey by Consumer Intelligence, nearly four out of five families say they have more money.
And a quarter of those were saving between £200 – £500 a month.
The savings came from not doing things – holidays, commuting, coffees, sandwiches, entertaining, and eating out.
Consumer Intelligence says 16 per cent of people feel better off.
Nearly half were spending less and 38% were saving more.
Bank of England figures reveal the nation saved £16.2 billion in April.
A staggering £5 billion was paid off on credit card debt – more than double the previous record of £2.4 billion set only the month before.
In a usual month, Britons clear about £300 million off their cards.