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Monday, 14 May 2012

Recession-hit Britons 'need more savings to make them happy'

The amount of savings Britons need to make them happy has risen sharply in the past two years, new research suggests.

The rise has been put down to rising job insecurity and uncertainty surrounding the economy.

Two years ago, 82 per cent of people were happy with savings of £5,000 but according to research by investment company Skandia, only 64 per cent today are comfortable with a nest egg of that size.


It was confirmed last month that the UK had returned to recession, following contraction in the economy in the final months of 2011 and the first quarter of 2012.
Read more: http://www.thisismoney.co.uk/money/saving/article-2141171/Recession-hit-Britons-need-savings-make-happy.html#ixzz1upx606BT