Investor appetite diverges by age as Budget worries sour older generations

abrdn's Savings Ladder index

Financial confidence and positivity towards the UK’s economic outlook currently exhibit “a worrying intergenerational divide”, according to research from abrdn.

In abrdn's biannual Savings Ladder index, conducted by Opinium Research, a raft of reasons ranging from the change in government to falling interest rates have led younger investors to adopt a "use it or lose it" approach ahead of any potential tax tweaks in the Autumn Budget.  Overall, the nation's propensity to save and invest has edged up by four percentage points between May and September.  However, according to the report, "this figure masks a worrying intergenerational divide", evidenced by a growing propensity to save and invest among 18–34-year-olds, who exhibited a double dig...