Saving levels in decline as reopening releases pent-up spending demand

By contrast, confidence in investing is at its highest level since the Bank of Ireland savings and investment survey began

Irish consumers’ appetite for saving money has dropped as the economy has gradually reopened, with pent-up spending demand beginning to get released.

Bank of Ireland’s latest savings and investment index shows that 47% of people see it as being a good time to save; down from 55% at the mid-point of last year.