DESPITE ALL OF the bad news that seems to be out there, Irish people remain an optimistic bunch.
New stats today have shown that nine out of 10 people feel that in six months’ time they will be able to save as much or more money than they do currently - an increase from 85% from a year ago.
This comes as part of Nationwide UK/ ESRI Savings Index, which looks at savings attitudes and habits in the Irish market.
Overall, it was found that people continue to put a high value on saving money, and feel that the economic environment encourages saving.
Watching the pennies
The new figures show that the number of people saving regularly increased last month to 37% from 32% the month before.
It was also shown the the number of people not saving has fallen to 33%, from 41% the month before, and down from 44% this time last year.
When asked about their attitude towards saving, an overall increase in sentiment was found.
Attitude to the Government policy
The figures looking at last month also found that there had been a decrease in the number of people who felt that Government policy encouraged savings – to 6%, from 10% a year before.
When asked about how they spend disposable income, 44% said it went towards paying off debts (including mortgages), a slight increase from 43% a year before. Of the rest, 37% said they would save it, 8% would invest it and 11% said they would spend it.
Speaking about the results, managing director with Nationwide UK, said that an upturn this month may be down to, “the confirmation of reduced water charges plus the pending income tax reductions, which become effective from January.”
To embed this post, copy the code below on your site
have your say