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Couples saving more for retirement
24/07/12

UK adults in relationships save around £800 more each year for their retirement as a result of their partner's influence, according to new research.

National Savings and Investments (NS&I) has revealed that 57 per cent of couples are motivating each other to save more, with a fifth saving at least £200 more per month.

Men's savings habits are heavily influenced by their partners as they put aside an average of £85 more each month, compared to £50 for women.

The research also showed that over-65s were more likely to talk about savings early in a relationship than those in other age groups, who are more likely to wait until they move in together or buy a house together.

John Prout, NS&I director, was pleased that people in relationships are motivating one another to save significant sums of money.

He said: "As well as helping each other save towards goals and providing more security in difficult times, these savings will make a difference for the bigger financial milestones that come during a relationship, like buying a home or saving for life in retirement."

© 2012 Adfero Ltd. All rights reserved. Any views and opinions expressed in news articles are not those of Just Retirement Limited. News supplied by Adfero DirectNews.

 

 

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