Thursday 8 December 2016

People feel recovery in personal finances

Daniel McDonald

Published 22/07/2015 | 02:30

More people are feeling optimistic about the strength of the economy, and there is a positive trend in consumer outlook for the nation's finances
More people are feeling optimistic about the strength of the economy, and there is a positive trend in consumer outlook for the nation's finances

Economic recovery is beginning to make its way to Irish people's personal finances, according to a new study.

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More people are feeling optimistic about the strength of the economy, and there is a positive trend in consumer outlook for the nation's finances.

The average person has more money in their pocket since January, as almost half report feeling a positive, personal impact of the recovery.

Among those who believe in the economic recovery, three in five feel a positive impact on a personal level.

The latest RED C consumer mood monitor showed 63pc of people believe our economy will show further improvement before the end of the year. This compares with 59pc in January 2015, and 52pc this time last year.

Only 7pc are worried the economy will slow in the next six months, as people remain optimistic about Budget 2016.

Even in the face of the Greek debt crisis, the national outlook is also favourable towards the international economy, as 82pc think that world finances will improve this year.

Dublin remains the talking point as those in the capital continue to be more likely to feel a positive, personal impact of the recovery.

This is likely to increase consumer spending, especially for consumer goods and groceries, with people spending the most on holidays.

Irish Independent

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