SSIAs ‘set to fuel consumer boom’

CONSUMERS are expected to spend 6% more next year as €16 billion in SSIA accounts begin to mature.

This is according to the Small Firms Association (SFA) which said that despite the cost, more people than ever are buying houses, cars and holidays.

They expect at least 20% of maturing SSIAs and up to 50% of discontinued savings to be spent in 2006.