Financially savvy 20-somethings are saving 18% of earnings each month

Younger people are staying at home and saving their earnings to buy their first home. Clever savers are putting their cash into a savings account from a young age. Savers in their 20s are managing to set aside £258 a month, signalling that the credit crunch has created a new breed of financially savvy savers who are keen to prepare for their futures, according to a new study. A survey from Barclays Bank found that workers in their 20s, earning about £17,000, are squirreling away just over £250 a month; a prudent move that is leaving them better off than their parents were at the same age.