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In the UK, 7.6 million adults save cash

Categories : Cash is also a store of value, Cash is trust
May 5, 2016
Published in : Budget control, Commercial bank, Europe, Store of value
According to a survey by Virgin Money in the UK, 7.6 million adults say they are hoarding cash representing an estimated total of £ 1.3 billion.
Guillaume Lepecq

According to a survey by Virgin Money in the UK, 7.6 million adults say they are hoarding cash representing an estimated total of £ 1.3 billion. The main reasons for saving cash are:

The research finds that beyond the cash at home, people have more than £7,000 on average in current accounts and poorly performing savings accounts and ISAs, which they can readily access.

To view the original press release, click here.

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