Stock image: GettyThe high cost of living is preventing people from achieving their financial goals, a survey indicates. More than half of the respondents to the survey said Ireland’s high cost of living and ongoing inflation are the primary barriers to achieving their financial aspirations. This comes after years of rocketing food and energy inflation, higher mortgage costs and motor fuel price rises. Chief executive of the Capital Credit Union Pat Byrne said the survey findings reveal a nuanced picture of ­financial stability in Ireland. “Our survey would seem to point to a ‘two heads are better than one’ strategy in many households.”Capital Credit Union has over 50,000 members and several branches across south Dublin.

Source: Irish Independent May 06, 2024 09:23 UTC