Just 23% think ‘now is good time to save’

Just 23% of Irish people believe that now is a good time to save money, the lowest level ever recorded by the Nationwide UK (Ireland) / ESRI Savings Index.

Managing Director of Nationwide UK (Ireland), Brendan Synnott. said that the impending rise in DIRT tax and falling interest rates are pushing consumers away from saving.

“There are two main reasons for the decline in the proportion of people who say now is a good time to save.