Login
ISCOVER
Difficult economic conditions have prompted more households to recognise the importance of building personal savings.
The Melbourne Institute’s December Household Saving and Investment Report, released today, showed the proportion of households saving for unexpected expenses increased substantially over the past year.
Professor Guay Lim from the Melbourne Institute said saving for a ‘rainy day’ is now very high on people’s list of priorities, with 48.1 per cent of households citing this as a reason for saving
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
This was “significantly up from 40 per cent last quarter and 26.2 per cent a year ago,” he said.
JOIN THE DISCUSSION