Help needed to get Irish people over fear of investing, says economist

Economist Alan McQuaid says finance minister Simon Harris needs to come up with a simple 'Lady Bird' explanation as to how investments work.

The Government needs to do more to help people get over their fear of investing cash, according to a leading economist.

The latest household savings figures show people saved less at the end of last year, but there is still a record amount of cash — more than €170bn — held in current accounts or other easy-to-access but low-interest account types.