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2nd lockdown has improved savings and retirement attitudes
Written by Robert McHugh, on 22nd Dec 2020. Posted in Financial
A new report from Bank of Ireland has found that almost half of Irish consumers (49%) see it as a good time to save which compares to 42% in November 2019.
However, this number is lower than it was in May of this year (55%) suggesting that while lockdowns have enforced a reduced level of expenditure, consumer attitudes to saving have not been quite as pronounced in the second lockdown, or Christmas spending had started in earnest.
The information was collected as part of the latest Bank of Ireland Savings and Investment Index which is produced quarterly from a nationally representative sample of 1,000 consumers aged 16 years and above. The fieldwork is conducted by Ipsos MRBI, an independent research agency. The fourth quarter fieldwork took place from 1st – 14th November.