Bowmore’s study shows that the value of household savings has accelerated sharply during the pandemic. The value of savings has risen by £11.5bn per month since the start of 2020, compared to just £4.6bn per month in the prior two years. UK households have saved an average of £412 per month during the pandemic.The growth in savings has recently sped up again after starting to level off in mid-2021. UK savings grew by £21.5bn in two months in September and October, after only growing by £18.1bn in the four months from April to August.
Read more: https://bit.ly/3zEztPj
