Savings for life
The importance of saving is well known. Short-term, regular saving helps people build resilience to cope with life’s ups and downs and has been shown to engender well-being and good mental health. Longer-term, of course, savings during working life help finance income in retirement. So, why are so many people failing to save enough and what can building societies and credit unions – set up to help people achieve their life goals through saving – do to help?
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