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 other reports, Saving Beyond the High Street, looks at more qualitative evidence in our efforts to understand why these 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.