Pandemic Personal Finances

This report, informed by primary research, conducted by Core Research, outlines the impact the pandemic has had on the public personal finances.

Published in September 2021, it looks back on how households’ incomes were effected during various moments of the pandemic, and also looks forward to the possibilities and challenges as the economy fully re-opens.

Key Findings

• 1 million workers say their their income was impacted by COVID-19, with another 1 million saying their income was not impacted.

• 56% of those impacted were aged under 40 years old.

• 36% of all adults said their household income had decreased as a result of the pandemic.

• Buying a car, home/property and completing education were the top three delayed milestones in peoples’ lives.

• 32% of people say their monthly savings have increased.

• For impacted workers, the main saving focus is to purchase a home, while for workers not impacted it is to “have a financial security net.”

Methodology

1,000 adults, living in the Republic of Ireland,

Sample is demographically and geographically representative of the population.

Online survey, fieldwork: June 2021

Photo by Ibrahim Boran on Unsplash