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Fri 09 Sep 2010Irish consumers are saving more than ever

IRISH CONSUMERS are saving more than ever and are increasingly debt adverse, according to a new survey. The EBS quarterly consumer savings sentiment research shows 86 per cent of Irish people claimed to be saving money in August, compared to 79 per cent for the same month last year and 77 per cent for August 2008.

The number of people saving has also increased year-on-year by 250,000 to three million, the study of 1,000 adults found.

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