Personal Finance

One in three people ‘just getting by’ financially – report

Lone parents and people in shared homes are among the least likely to have significant financial buffers in place

There are “significant differences” between age groups, with those over 60 showing greater financial resilience

One in three people are “just getting by” financially, according to a new report from the Competition and Consumer Protection Commission (CCPC).

This figure increases to over 50 per cent among people with a primary education or less.

Meanwhile, one in eight people could only cover their costs for a month or less in the event of income shock, according to the report.

Most people believe they can sustain their living expenses for three months ...