61% of working adults have a rainy-day savings fund

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Ireland Headlines News

61% of working adults currently have a rainy-day savings fund, according to a survey commissioned by CWM Wealth Management.

It comes as the rising cost of living, interest rate hikes, and potential job losses linked to global recession have put savings and future financial provision in the spotlight.The top reason, for 47%, for not having a contingency fund, is not being able to afford to save.

"We know Ireland is one of the most expensive European countries for housing and transport," said Carol Brick, Managing Director of CWM Wealth Management.

 

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