Friday, September 04, 2009

Two bits of good news for the Finance industry – I think.

Firstly, nearly half of over 50s Isa savers plan to invest up to new limit, according to Legal & General. Not surprising considering the dreadful rate of interest on savings accounts that deduct tax.

Secondly, consumers aged 50 and over are most likely to use more than one credit card to manage their finances, with almost half admitting to using two or more. So says Saga. I like the use of the word ‘admitting’ rather than ‘bragging'.

I am not sure if there is a connection between these two factlets, but they might be useful at some stage for a presentation. Dick Stroud

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