Where have you put your share of £140 billion "excess savings"?

[Deleted User]

Works out near £5k per income-tax payer.

"Hopes for a “roaring Twenties” economic rebound this year were lifted by the latest GDP update from the Office for National Statistics, which showed that the household savings ratio had jumped to 16.3 per cent of disposable income, compared with 6.8 per cent in 2019. Capital Economics, the consultancy, said that the figures equated to £140 billion of “excess savings” and that more would have been tucked away during lockdown this year as household incomes continued to rise and as business closures limited the opportunity to spend."

I suspect Govt will be disappointed to find that much of it has disappeared into bitcoin or other untraceable hiding places in advance of business loan repayments.

Stubod

..all gone at "Bet Fred"...

MX5huggy

Pension,  roll on 2041 for the bounce back plus some PB’s 

MaxiRobriguez

Don't feel like I've spent £5k less but we re-did our drive/back garden (which was planned).

Any other savings will have been whacked into my S+S ISA.

Herbalus

I did my very best to test the limits of 0% money transfers from credit cards last March when the markets fell, so if we exclude stocks/shares, my cash levels are quite low and my debt is quite high.
I was underwater for about 6 months so not risk-free; but today my biggest “punt” ticked over the 50% growth mark so has been worth it with hindsight.
most spare money went into Lisa and other isas

Teahfc

Purchased another property in Spain. 

By the sea, many of those from Madrid proved can work from second homes rather than the city like many other nations, coastal properties up 14% on Costa Calida and only 3.5 hour drive to Madrid. 

marycanary

Put it in my SIPP

Thrugelmir

Judging by some current share valuations the answer seems obvious. In the USA more money has been invested in global equity funds in the past 5 months than the previous 12 years combined............

Jami74

My teenage kids ate it!  

Oh, and we bought a new vacuum cleaner 

Albermarle

Like a lot of people , I spent more on home improvements than normal.
It is a sector that has been really booming , with shortages of materials and tradespeople booked up for months ahead.

Sea_Shell

Squirrelled it away in our S&S ISAs.   

Unlikely that we will up the forthcoming spending to "catch up" with spends we haven't made.   

But it would be nice to have a stab at actually spending the £15-20k that we've loosely budgeted for, rather than the £11,500 odd that we've spent in the last 2 years!!