The saving behaviours of Britons are largely formed at youth, according to new research.
Over half of consumers polled by Nationwide Building Society saved when they were younger and of this figure over 70 per cent still regularly put money in to a savings account.
According to the study, this figure represents more than one and a half times the number of consumers that are regular savers now but did not do so as a child.
In the current economic climate it is possible that people with little or no savings are more likely to require a personal loan.
The building society also discovered that 92 per cent of former child savers feel that the habit they developed as a child has made them appreciate the value of money.
Matthew Carter, director for savings at Nationwide, said that starting to save at an early age "is important and clearly influences consumers".
A recent study by Norwich and Peterborough Building Society revealed that parents that save regularly put an average of £1,300 a year in to their child's savings account.
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