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Ready for a rainy day

IRISH people are continuing to put away money for a rainy day according to the latest Nationwide UK (Ireland) Savings Index. The index increased by three points in August, following on from a four-point increase in July. Nationwide said the index continues to be driven by a rise in the number of people who think it is a good time to save while there is continuing economic uncertainty.

The index increased by three points in August, following on from a four-point increase in July. Nationwide said the index continues to be driven by a rise in the number of people who think it is a good time to save while there is continuing economic uncertainty.

The proportion of people who said they would spend surplus money to pay off debts including mortgages remained high at 53pc, while 30pc of people said they would save surplus cash.


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