Finance Minister announces development of financial literacy strategy

This comes following a report by the Competition and CCPC which found that one-third of people are 'just getting by' financially

Mr McGrath said it is clear that there needs to be an overall financial literacy strategy that brings together work being done by a range of public and private bodies. Picture: Niall Carson/PA

Finance Minister Michael McGrath has announced the development of a National Financial Literacy Strategy to help identify areas where people might need assistance.

This comes following a report by the Competition and Consumer Protection Commission (CCPC) which found that one-third of people are “just getting by” financially while 12% admitted that they would only be able to cover their costs for a month if hit by an economic shock.