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19th September 2022
03:23pm BST
Katy Thornton
"Rising inflation is having a significant impact on how people view their finances. So much so that despite the challenges presented by Covid and the Russia-Ukraine war, the impact of rising prices is possibly the most significant in the past three years in terms of how people view saving and investing."With regards to how the different age groups answered, Quinn says the under 60s have more reason to worry.
“Our survey also illustrated the different strains faced by different age groups. Working age and younger consumers are the most impacted by the rise in the cost of living, at least thus far."The survey also shows that people are less confident with how comfortable they will be when they retire. In light of inflation, Irish consumers worry that they cannot save as much as they once did. Header image via Shutterstock READ ON: 42% of pub-goers expected to curtail visits due to cost of living pressures
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