Britons might claim to be worried about the economy but they have done little to alter their financial habits since the recession.
Despite professing to have concerns and insecurities about money, HSBC says the majority of Britons have not altered their saving, spending or borrowing habits following the economic downturn.
More than three-quarters (76%) of those surveyed claimed to be worried about the economy and their financial position, while the same number feel less secure about their income going forward.
Yet more than two thirds of people (68%) have not changed their financial habits in response to this.
As a result of the recession, almost one in five (19%) people are saving less, while 14% claim to be saving more. The remaining 67% said their savings habits have remained unchanged.
People's attitude towards spending has also remained largely unaffected by the downturn.
Just over a third (34%) have altered their spending habits, with 19% claiming they are spending less and 15% spending more.
Women have reined in their spending to a greater extent than men, with 21% saying they are spending less compared to 17% of men.
Meanwhile, almost three quarters (69%) of those surveyed have not changed their borrowing habits as a result of the recession.
Just over a quarter (26%) said they are less inclined to borrow, while just 5% claimed to be more likely to borrow than before.
"With nearly eight in ten Britons worried and insecure regarding the current economic turmoil, you would expect them to be spending and borrowing less and saving more," said Richard Brown, head of savings for HSBC.
"However, our research shows that only a minority have actually altered their financial habits. This suggests people either have their 'heads in the sand' and do not realise the need to change, or that they have simply decided to stoically ride out the recession by refusing to alter their ways."
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