The British spent 3 per cent less in 2012 than in 2007. Photo: AP

'Lehman changed everything,' says Arne Holzhausen. 'It's safety, safety, safety.'

Scarred by the financial crisis, families around the world play safe with their money

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Pulling back from stocks and shunning debt, they have cut spending and put cash in savings and bonds

Published: 2:36pm, 7 Oct, 2013

Updated: 12:45pm, 8 Oct, 2013

The British spent 3 per cent less in 2012 than in 2007. Photo: AP

'Lehman changed everything,' says Arne Holzhausen. 'It's safety, safety, safety.'

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