Monday 23 October 2017

Savers now 'more open to riskier investments'

Edel Kennedy

IRISH consumers are increasingly likely to diversify their savings into risky investments in order to maximise their return.

The easing in the risk-averse mindset of consumers is further evidence of growing confidence in the Irish economy.

A survey by the Professional Insurance Brokers' Association's (PIBA) 860 member firms shows that 23pc of people are classified as risk averse, down from 30pc a year ago.

The findings show that the top reason for saving this year is for a first home. This compares to a 2013 survey when the main reason for saving was to provide a college fund for their children.

Irish Independent

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