You are here: Home - Saving & Banking - News -

Britons want a return to bygone values

Written by:

As Britain struggles with growing fear of crime, soaring inflation, failing pension provision and a fast food generation, research by Chelsea Building Society shows consumers want a return to the values of the past.

The study of 1,424 consumers revealed that 87% of respondents believe manners and respect are missing among today’s children and 71% wish to reintroduce regular family meals around the dining table.

All age groups including both men and women also believe that children are being encouraged to grow up too fast and feel it important that they be allowed to act like children for longer.

With regards to the changing nature of employment, service levels and financial security, respondents also express some strong desires for values of the past. Nearly two-thirds wish to reinstate job security with jobs for life and a company pension (57%).

It is the older generation, however, that is most frustrated with foreign call centres; 55% of 45-54 year olds and 61% of 55-64 year olds wish to significantly reduce their numbers.

In addition, 57% of all respondents want more trust in financial institutions and 63% desire the return of simple financial products without hidden costs or small print.

Darren Stevens, director of customer services at Chelsea Building Society, said: “Despite the advantages of modern society, many consumers wish life was simpler and less pressured.

“With the extensive media coverage surrounding crime, childhood obesity, extended working hours and downgraded service it is unsurprising that people will hark back to the good old days. However, all is not lost. With concerted efforts, businesses, families and individual’s can bring aspects of the past back into their modern lives.”


Related Posts


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Popularity of insurance bonds cools

Almost half of all advisers with clients who have insurance bonds are considering reviewing their policies with a view to...