The paper examines the promotion of savings in the context of what has been described as the move from insurance to investment in the relationship between citizens and the state. It considers the replacement of collective services and resources available to all citizens with individual resources that is the responsibility of the individual to manage. The history of savings banks offers a parallel which contributes to the argument being conducted in the 21st century.
Today's 25-years-olds need to save the equivalent of £800 a month over the next 40 years to retire at 65 with an income of £30,000 a year, according to Rebecca Taylor director at the Chartered Institute for Securities and Investment (Financial Times 12 February 2016)
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MALTBY (Jospehine)(2016). Insurance and investment: savings banks and asset-based welfare. Financial History Workshop, Brussels, 27 May 2016. 19 pp.