Savings - Ireland - January 2014
“Although the appetite to save is clearly evident among Irish consumers, there are practical and motivational barriers to increased savings behaviour by consumers. Some simply cannot afford to save, while others have little option but to prioritise personal debt reduction. Furthermore, with increased taxation on interest earned, alongside interest rates that are close to all-time lows, there is very little financial incentive for Irish consumers (and NI consumers, in particular) to save.”
– Brian O’Connor, Production Manager
Some questions answered in this report include:
- What level of savings do Irish consumers have?
- How do Irish consumers contribute to their savings?
- What savings and investments-related products do Irish consumers own?
- Why do Irish consumers save?
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