Photo: Getty Images/iStockphotoTHOSE with spare cash are stuffing more of it into savings accounts, with the cost-of-living crisis the top concern for consumers. One in three people have cited inflation as their top worry, in a survey commissioned by Bank of Ireland. It was the third time in a row that the Bank of Ireland’s Savings and Investment Index found that raging inflation is the top worry for householders. And the survey found a rising interest in investing some of the savings, despite the fact that consumers recognise that the investment environment remains challenging. The Bank of Ireland’s Savings and Investment Index was 86 in February 2023, compared with 87 in November 2022 and 96 in February 2022.

Source: Irish Independent May 26, 2023 01:56 UTC