Concerns over inflation and the cost of living are mounting across Ireland, with 57 per cent of households worried they are not saving enough, according to the latest Savings and Investment Index from Bank of Ireland.
The survey highlighted that the cost of housing and rent remains the top concern for many, especially younger people. Among those aged 16 to 29, 39 per cent cited housing as their chief worry.
Overall, 23 per cent of respondents named housing and rent as their biggest financial concern, marking a 7 per cent increase since the end of last year. The issue is becoming more pressing as housing costs continue to climb.
Inflation and the broader cost of living also remain high on the list of financial anxieties. Some 21 per cent of respondents said these were their top concerns, up 3 per cent from the previous survey.
The Bank of Ireland Savings and Investment Index, carried out by independent research agency Ipsos B&A, surveys 1,000 consumers aged 16 and above. It tracks public attitudes towards saving and investment and their outlook on current and future financial conditions.
The results underline the pressure households are facing as they juggle higher living expenses, limited housing supply, and challenges in building financial security.