MERSEYSIDERS are the worst at saving money in the country, according to new research published today.
A survey conducted by Essex University found only two-fifths of Britons save money on a regular basis, putting aside an average of £161 a month.
Researchers found on average northerners save the most as a percentage of their income, putting aside 10.2pc of their earnings, compared with London-ers who save 8.3pc.
But people living on Merseyside saved the least, only keeping back around £110 a month, or 5.4pc of their annual salary, followed by those living in Scotland, who put aside £129 or 6pc.
The research was based on the British Household Panel Survey, using a sample of 10,000 people.
Similar figures from Abbey National building society show people living in London save the most at around £245 a month, but those in the North are not far behind saving around £222.
The survey found savers on Mersey-side are most likely to be putting cash aside towards a holiday, while people in Greater Manchester tend to be saving to buy a house.
Londoners are most concerned about putting money aside for their old age, and those in the North are saving their cash to finance home improvements or buy a new car.
Across the UK as a whole there has been a 45pc increase in the amount regular savers put aside each month during the past 10 years.
People in the North have increased their saving the most during the past decade, with a 54pc rise in the amount they set aside, followed by those in the North West at 44pc.
But Manchester is the only region that has seen a decline in the amount saved, with the average falling from £161 in 1993 to just £154 now.
Welsh savers have made the smallest increase in the amount they save, increasing it by just £7 to an average of £133.
Half of people in the North claim they save money on a regular basis, followed by 46pc of those living in the South East.
Angus Porter, customer director at Abbey National, said: "It's encouraging to see that more people are saving compared with 10 years ago, although there are still only two fifths of adults saving regularly to meet their goals."