How will the 21st century cope when savers become spenders?

Article Abstract:

Little attention has been given by economists to the fact that an ageing population will transform the current large group of people saving for their retirement into spenders, using their savings to fund their retirement. Research indicates that the proportion of prime savers in the UK will reach a plateau from 2006 to around 2016, with the number of dissavers overtaking the number of savers around 2036. This trend will have significant implications for the financial services industry. Savers will become more demanding, and there will be consolidation in the pensions industry.

Forecasts and trends, Savings

---

Just another product that doesn't match the packaging

Article Abstract:

The principle behind the UK government's new tax-free Individual Savings Accounts (ISAs) should be welcomed. The government is keen to encourage people who have no savings at all to begin saving, even if they do not have a bank account. However, there are also problems with the ISAs. Most importantly, they replace existing savings incentives, rather than supplementing them. The government should consider allowing existing savings incentives to remain in place, and should also place more emphasis on creating a culture of saving.

Social aspects

---

Judge Brown's Budget on his efforts to curb the Micawbers

Article Abstract:

UK Chancellor Gordon Brown will have to give considerable attention in his forthcoming Budget to measures which will absorb the additional savings which many people have accumulated in the form of windfalls from the flotation of building societies and mutual insurance concerns. It is already known that the Budget will introduce a scheme for long-term savers, allowing the creation of a form of lifetime savings account. It is vital that Brown makes full use of this unique opportunity to encourage discretionary windfall saving.

Management, Planning, Personal finance, Economic policy, Budget, Budgeting, Budgets, Brown, Gordon (British politician)

Similar abstracts:

• Abstracts: Italy waits for the gravy train to be derailed. Papandreou's death proves pure politics. Nation waits as Papandreou weakens
• Abstracts: What 'The Sun' says about Blair and Europe. The beef war shows just how much we need Europe
• Abstracts: So, have the experts anything to be proud of? Well, yes. Right side of the tracks. Dogfights over PEP performances
• Abstracts: Blair: 'We'll build a Welfare State for the 21st century.' (United Kingdom Prime Minister Tony Blair) Labour delays Social Chapter for two years
• Abstracts: The perils of investing in the raw. When in doubt, sit on the fence. M&G goes off the boil

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.