Research shows that 84% of Irish people are saving money, while another 14% polled said that they used to save but can not afford to set aside some money every month any longer.
Respondents to the EBS Building Society's quarterly consumer savings sentiment research said they saved €319 every month, or €3,822 a year. This is a 7% increase on the last quarter.
The research shows that men save about €2,000 more than women and people are increasingly dipping into their savings to fund day to day expenses.
The savings ethic is strong across all age groups and is especially pronounced in those aged between 14 and 24 years of age. Those aged 35-49 years are under some pressure, with three out of every five stating that they had to start using their savings to make up for lost income.
