Irish not prepared for recession - survey

Half of the Irish population is not prepared for the recession, according to a new survey by Hibernian.

Almost 60% of people are worried about not having enough money in retirement - and this figure rose to almost 70% for the 25-34 age group.

The survey also indicates that Irish consumers have become more conservative, with just one third of adults saying they would rather spend for today than save for tomorrow.

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