Savings: Of sense and sensibility - Christmas spending

ENDA KENNY once declared that “we all went a bit mad with borrowing” during the Celtic Tiger years.

He was speaking in January, 2012 on Ireland’s economic crisis at the World Economic Forum in Switzerland and was subjected to a variety of broadsides from opposition politicians for his remarks.

Perhaps the Taoiseach now might be inclined to say “we all went a bit sane with borrowing” in the aftermath of the recession as a new study shows that our appetite for overspending has waned considerably in recent years.