Savings and Investment Index

How do consumers view the savings environment and where are people investing for the future?

Overview

The Bank of Ireland/ESRI Savings and Investment Index is a monthly index aimed at tracking household attitudes towards savings and investment as well as monitoring their perspectives on the current and future savings and investment environment. Understanding savings behaviour provides insight into how households smooth consumption, plan to make big purchases and build up buffers which can be drawn down in times of economic stress. Monitoring household investment patterns gives an understanding of how they are putting their money to work, their financial diversification, and their appetite for risk. The Bank of Ireland/ESRI Savings and Investment Index also provides a Risk Barometer and a Retirement Optimism Index to give insight into household risk taking and retirement planning. These will be presented on alternate months.

FAQs

  • How is the Bank of Ireland/ESRI Savings and Investment Index constructed?
    The Bank of Ireland/ESRI Savings and Investment Index is based on a number of survey questions addressing saving and investment attitudes and the environment for saving and investing. Each month the Savings and Investment Index reading is calculated as a weighted average of the saving and investment indices.

  • How is the survey work conducted?
    The surveys are conducted by telephone by the ESRI on a monthly basis. The survey is based on a nationally representative sample of 800 respondents aged 15 years and above.

  • What is the Bank of Ireland/ESRI Retirement Optimism Index?
    The Bank of Ireland/ESRI Retirement Optimism Index has been developed to gauge households’ optimism levels around retirement issues and to better understand how Irish people are preparing for their retirement. Specifically, the survey tracks the degree to which households feel they are financially prepared for retirement and whether or not they feel they can live comfortably in retirement from a financial perspective. The index is published bi-monthly.

  • What is the Bank of Ireland/ESRI Risk Barometer?
    The Bank of Ireland/ESRI Retirement Risk Barometer aims to identify Irish households’ investment preferences from across a variety of investments. Examples include savings deposits, pension funds, equities, government bonds and commercial property. In this way we can look into households’ appetite for investment risk and how this changes over time with the economic cycle and investment market movements. The index is published bi-monthly.