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Evening Standard
Evening Standard
Business
Bradley Gerrard

Younger savers prioritising morals over money even as inflation stretches finances

Younger savers are prioritising ethical saving even if it means lower returns despite the growing strain on household finances from rising energy bills and food costs.

(Picture: PA Archive)

Younger savers are still opting to put their morals before returns when it comes to saving, even as it becomes harder to put money aside due to decades-high inflation.

Two-thirds (65%) of 18-24 year olds are prioritising ethical saving over financial returns, and they would stick with this even if an ethical product offered lower returns than a non-ethical alternative, new research from Gatehouse Bank shows.

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