One in 10 do not have bank account

ONE in 10 people do not have a bank account, and more than 60% of consumers do not have a credit card.

A new preliminary report by the Financial Regulator, into Irish consumers’ financial capabilities — published today — has thrown up some stark statistics into Irish people’s ability to manage their financial concerns.

The survey of 1,500 people - found that 37% of respondents have some degree of difficulty keeping up with the payment of bills and other credit commitments, with the figure rising to over 60% for divorced or separated people.