Bonus recipients resist urge to spend

The survey of 2,000 people reveals 39% of bonus recipients saved all or most of their annual bonus over the last 12 months, 9% used their payout to reduce their mortgage and 6% put the money into other types of investments. But some people were unable to resist the temptation to spend – 12% rewarded themselves with a holiday and 11% bought electrical goods such as i-pods and plasma TVs. Those in the Midlands and Wales were most likely to save, invest or pay off their mortgage (64%), while 45% of Londoners saved their bonus, 10% splurged on a luxury holiday and 9% paid a lump sum off the...