90% of under-25s still manage to save

PEOPLE are saving almost €1,000 less than they were two years ago with some saying they are finding it difficult to put money away.

However nine out of 10 of under 25-year-olds surveyed said they are still managing to save a little, a 15% increase on a year ago, according to the latest EBS consumer savings sentiment.

Annual savings fell by a further 9% between January and May of this year and since August 2008, estimated annual savings have fallen from €4,612 to €3,667.