Saturday, March 25, 2023

Your Money: How to Beat the Hit of Inflation

Your Money: How To Beat The Hit Of Inflation

The cost of living crisis is causing us to hoard money on deposits – €143bn at the most recent count – which, as the entire personal debt in the country is only €110 billion, makes little sense in economic terms; But a lot if you’re scared about what’s ahead.

Irish consumers become more concerned about broader ‘macro’ approach [this year]”, KBC said in its latest economic paper. “Seven out of ten expect the Irish economy to weaken in twelve months’ time, while almost half expect unemployment to be higher”, it adds ominously.

Nation World News Desk
Nation World News Desk
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