29 April 2008
More young people in the UK are starting to save as the culture of getting into debt dwindles slightly, it has been claimed.
Savings Expert Emma Byrne revealed that more of the younger generation (18 to 34-year-olds) are beginning to move away from a "bravo" image of showing off by purchasing on credit.
And she suggested that the "have it all" factor is dribbling from the present climate as mass-consumerism fades, something that may interest those with current accounts.
Her comments were given clarity by the finance and relationships author Corinne Sweet, who remarked that saving is "sexy" again after being considered dull in comparison to "exciting" cards.
"In the Thatcher years, when the credit card first arrived, everyone got their cards and played their cards and I think we all went: Whoa, there’s free money I can use all these cards and it’s all very exciting," she said.
Of those polled by Kaupthing by Opinium Research, one in 50 respondents stated that they would end a relationship if they thought they had enough money to do so.
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