Savings accounts look healthiest in NSW, survey shows

Thursday 26 January 2012

Article by Mozo

Aussies' savings accounts appear to be at their healthiest in New South Wales (NSW), a new study by ING Direct has found.

The state came out on top as the organisation surveyed the financial wellbeing of people all across the country.

It put together an index to gauge levels of financial security and while the national average stood at 105.6, NSW was way ahead with a score of 109.1 for the fourth quarter of 2011.

Only 21 per cent of households reported their money situation getting worse in NSW, compared with the national average of 32 per cent.

"Rising savings together with careful spending are leaving the state's household well-placed to weather any changes in the broader economy in 2012," commented chief executive officer at ING Direct Don Koch.

According to a separate study by the same organisation, 65 per cent of Aussies from across the whole country improved their financial footing in 2011.

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Savings accounts look healthiest in NSW, survey shows

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