Singletons save more than married couples

Single people save more than couples, according to a survey by National Savings & Investments (NS&I). Singletons attempt to save over 18% of their income each month, which is about 3% more than married or cohabiting couples. This challenges the view, held by 55% of those polled, that married couples are typically the best savers due to shared goals and collective action. Tim Mack, NS&I savings spokesman, said: "It's great to see that single people are saving a larger percentage of their income by setting themselves specific savings goals. Our research shows that nearly a third of single people use targets to help them manage their money, compared to less than a quarter of married or cohabiting individuals".