Egg is a registered trademark of Yorkshire Building Society. References to 'YBS Group' or 'Yorkshire Group' refer to Yorkshire Building Society, the trading names under which it operates (Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P and Egg) and its subsidiary companies. Head Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ. Yorkshire Building Society is entered in the Financial Services Register and its registration number is 106085. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. But more often than not, sometimes we all find ourselves trying to last out until pay day. We all tend to spend what we feel we need to in order to get through the month, and if there’s something left over, then great. Often, it’s during periods of economic uncertainty that more is put more away for a rainy day, primarily because of concerns over job security.īudgeting help isn’t always on hand and having the discipline to set money aside each month can be hard. It might seem contradictory, but people don’t necessarily save more when the economy is performing well. It also means borrowing, and therefore consumer debt, is likely to increase – and an increase in the use of credit cards and loans to cover expenses is another worrying sign. This was the main driver behind the last recession, so should be a cause for concern. Against a background of rising fuel and food prices, the drop suggests that people are raiding their savings in order to cover day-to-day living costs. The savings ratio stood at 3.3% at the end of 2016, down from 5.3% in the previous quarter.
0 Comments
Leave a Reply. |