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46% of Irish say money is their main worry

Written by Robert McHugh, on 25th Apr 2016. Posted in Financial

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A recent survey from Royal London has indicated that four in ten (40%) of Irish people say their health will be their main focus in 2016.
 
The nationwide survey of 1,000 people found that health is by far people’s biggest priority (40%) while money is their biggest worry (46%).
 
The protection experts at Royal London say that it’s also no surprise that people are making health a bigger priority as they get older. Twenty seven per cet of 18 to 34 year olds say they’ll be focusing on it this year which jumps to 42% of those aged 35 to 54 years old and increased to 58% of those aged over 55.
 
Nearly a quarter (24%) of all male respondents said their career will be their main focus in 2016, compared with just 17% of women. 
 
Broker Sales Manager at Royal London said, Daragh Feely said, "Based on our survey, money is the biggest source of anxiety for Irish people and this is not altogether surprising. Unfortunately, for most people, managing household finances can be challenging. The thought about what might happen in the future that could adversely affect family coffers, is never far from peoples’ minds, it would appear."

He added, "The differences between the ages are as you would expect. Money is a huge concern for those aged 18 to 34 years old (49%) but it’s good to see that older respondents are a little more financially secure, with just 31% of those aged over 55 citing money as their number one  worry. However, health is a much bigger concern for this age profile (40%) compared to just 9% for the 18 to 34 age group."

Source: ww.businessworld.ie 

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