80% of us saving an average of €320 a month

MORE than four out of five people surveyed said they are actively saving with men putting away €2,000 more a year than women. According to research from EBS, 14% of people surveyed said they used to save but can no longer afford to.

Respondents were saving an average of €319 a month or €3,822 a year in the last three months, an increase of 7% on the last quarter.

Men are saving around €2,000 more than their female counterparts a year. The average amount of money saved by men was €4,829 while women save on average €2,859 each year.