Savings rates are not equivalent for all ethnic groups, as we show in this report. Working with the quantitative data on ethnicity and savings set out in our earlier reports, Saving Beyond the High StreetÂ looks atÂ more qualitative evidence in our efforts to understand why theseÂ outcomes persist.
The most striking finding was the level of unease, or even distrust, of mainstream financial institutions. Our eight recommendations provide pointers towards action that could lead to positive outcomes.
This report was funded by the Nationwide Foundation. Read more about our financial inclusion work