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Inflation and price falls `may lead to higher disposable incomes`

06/01/2009

As cost pressures ease in the UK, many consumers may be able to begin putting aside more money in savings, potentially meaning they are at less risk of running into debt problems in the future.

This is according to a spokesperson for National Savings and Investments (NS&I), who made his comments after the release of new figures produced by the organisation.

According to the firm, while 47 per cent of the population manage to save regularly, 53 per cent do not.

In addition, 32 per cent of consumers do not have enough money to cope in an emergency.

However, the spokesman said: "As inflationary pressure eases and utility bills, petrol and food start to show less increases, or actually falls, maybe they`ll have more disposable income to save."

Figures produced recently by the Office for National Statistics suggested that the amount of disposable income households save rather than spend stood at a ratio of -1.1 per cent in the first quarter of 2008 and 0.4 per cent in the second.

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