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Brits 'start saving at 25'
Most consumers in the UK start savings accounts when they reach 25, according to new research.
Data from National Savings and Investments (NS&I) revealed this is the average age at which Brits get serious about putting money away for a rainy day.
Holidays and other short-term outgoings were most likely to get women in the UK savings, while men are more likely to think about long-term issues such as buying a house.
John Prout, savings spokesperson for NS&I, said: "It's great to see that most Britons started to save seriously in their mid-20s.
"And for those who have not yet developed the habit it is not too late to start. However it is important to not just see savings as a reaction to major events."
Recent research published by Moneysupermarket.com revealed that there has been a fall in the number of Britons who are permanently overdrawn.
Ten per cent of people are now stuck in their overdrafts, which is a fall of seven per cent from 12 months ago.