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Finance survey finds consumers in good spirits

A survey published today by Irish Life & Permanent has found that levels of consumer confidence about their personal financial future is higher that expected.

The study, carried out by Behaviour & Attitudes, shows that 72% of consumers expect to save at least as much, if not more, in 2008 than they did last year.

It also found that 30% of those who had involved themselves in the stock market believed that the current dip in the stock markets meant it was a good time to invest.

In its update, Irish Life & Permanent also announced that Permanent TSB had opened 68,000 new current accounts during 2007.