Savers dipping into reserves

PERSONAL savings are falling dramatically as people dip into reserves to make ends meet, according to the latest research.

People are saving about €1,000 per annum less than they were this time last year new findings by the EBS Building Society shows.

The research was carried out to coincide with the launch of National Savings Week and shows the average saved per annum is €3,661, against €4,612 last year.