Thursday, 29 July 2010

Savings Lifeline

Save our Savers is an outstanding initiative which goes far deeper than consideing the interests of current savers alone. Even if you are tackling debts right now, Save Our Savers will have future proofing advice and campaigns to protect your longer term interests because saving is not just about a wealthy minority. Quite the opposite in fact.

An ethic that most of our hard working grandparents had, in today's society saving is often characterised by those who have cautiously set aside for retirement only to see the value of their efforts decimated by the credit culture. How can it be right for your nan to be paid interest below the rate of inflation when payday loans come in at 2500%, for instance?

Like Zero-credit, Save our Savers seeks substantial reform towards far greater consumer focus in financial services. We are not all property and investment tycoons - most of us just want to tuck a few hundred quid away every year towards a rainy day and our ever increasing life expectancy, but we can't - or if we have, it ain't ever enough.

Who needs small print rate changes and shopping around for the best deal on a product as basic as butter? When half of us own less than 9% of UK total wealth it is not only clear that averages, which are based on midpoints or medians, are meaningless, but that there are quite literally millions of us who are anything but wealthy.

We are critical mass, so, together, let's fight for an end to buy now, pay when its too later. The e-book, 7 views of Saving in the UK, is available for free download and has excellent contributions from Consumer Focus and Age UK among others. Essential reading, we say!

Want a say in how we do things?

For £1 a year, Zero-credit membership
is open to anyone, 
aged 16 or over
with personal experience of debt.

Come on, join us today!

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