Irish people lose out on €260 per year lending money to friends and family

Irish people lose out on €260 per year lending money to friends and family

New research has revealed how good Irish people are at lending money.

People are losing out on €260 every year by lending money to friends and family.

New research from Circle shows a fifth of us give cash away every month but never get it back because don't have the courage to ask for it.

The mobile app creators also found Bono was the celebrity we'd least likely lend cash to.

Circle's Jack Collier, explains why we're getting short changed by those closest to us.

He said: "I think it's just the awkwardness of having to go up and ask for money back from somebody who you may not have agreed to be paid back.

"The example of getting a cup of coffee, you know saying 'I'll get this one, and you can get the next one' but that moment never arises.

"Having to then ask for the money back off your friends can be a daunting task to do."


More in this Section

Fall in hospital waiting lists 'a drop in the ocean', say consultantsFall in hospital waiting lists 'a drop in the ocean', say consultants

Minister confirms new primary care centre for DublinMinister confirms new primary care centre for Dublin

Homelessness charity calls for extra beds for rough sleepers as weather gets colderHomelessness charity calls for extra beds for rough sleepers as weather gets colder

Six counties under Status Yellow snow and ice warningSix counties under Status Yellow snow and ice warning


Lifestyle

Want to be cultured this Christmas? From TV to podcasts to books, Ed Power has the definite list of everything you missed this year - so you can curl up on the couch and catch upThe definite list of everything you missed this year

Artist Ciara Rodgers teaches older people how to rediscover their creativity and regain confidence, says Rowena WalshBrush with art: Discovering your creative side in later life

Furniture, paintings, jewellery and silver are on offer at James Adam in Dublin, writes Des O’SullivanAll set for home run: See what's on offer at the James Adam sale in Dublin

It’s not too late to hunt out a unique gift. Des O’Sullivan previews sales in the lead-up to the festive seasonA flurry of auctions in Munster sets the scene for Christmas

More From The Irish Examiner