| s | Share of respondents |
|---|---|
| As a result of the poor performance of my investments | 1% |
| To cover education costs | 4% |
| To help my (grand)children with a house deposit | 7% |
| I received a large sum from inheritance/other source | 7% |
| To have regular income in the future, before I retire | 11% |
| To leave an inheritance | 12% |
| To cover long-term care costs, if needed later in life | 12% |
| To take advantage of a better interest rate | 20% |
| To support my family | 20% |
| For major expenses, e.g. house deposit, wedding | 24% |
| To provide an income during retirement | 26% |
| It’s a habit of mine to save | 28% |
| For short-term expenses, e.g. holiday | 34% |
| For a rainy day | 55% |
The chart is not accessible to screen readers. Please switch to the table view to access the data.
Loading statistic...
Download
Source
Source
Release date
May 2025
More information
Region
United Kingdom
Survey time period
2022 and 2024
Number of respondents
3,509 respondents
Age group
18 years and older
Special properties
Adults who save in a savings account, credit union, cash ISA, or NS&I.
Method of interview
Online interview
Supplementary notes
Both surveys took place between February and June of that year. Number of respondents:
- 2022: 3,676 respondents
- 2024: 3,509 respondents
Citation formats
