REFLECTING IRELAND - MANAGING OUR MONEY IN A DIGITAL WORLD
6 June 2024
The latest issue of PTSB Reflecting Ireland, just published, focuses on how we manage our money in a digital world.
We have more options now than ever before when it comes to managing our money. It is evident that people see a clear role both for cash and digital banking services. Cash is the preferred option for informal occasions like tipping, giving children pocket money, or spending on a night out. Cash gives people a sense of control. It feels more ‘real’ than digital money, so we feel it more when we part with it. Where cash gives a sense of control, digital banking services give confidence. Three quarters (76%) say they feel more confident about managing their money as a result of using them. This is even higher for those under 35 at 83%.
The report also explores the role of AI in banking, experience of fraud, and sentiment on economy and life in Ireland. Key findings include:
- Almost three-quarters (72%) of people are concerned that the increased use of AI could lead to more sophisticated financial fraud
- When seeking guidance about financial products such as a mortgage, human support is up to six times more preferable than tech-led support
- The cost of living is still the most important issue for people (34%), followed by immigration (14%) and the price of housing (13%)
Published on Friday, the latest issue of PTSB’s Reflecting Ireland research series reveals the impact of rising house prices on attitudes to home ownership.
The latest issue of PTSB Reflecting Ireland focuses on how we feel about living in Ireland as a new year begins. 7 in 10 people believe Ireland is a good place to grow up in, and 6 in 10 say it’s a good place to grow old in. There are however striking differences by age group.
A key step along the way to a circular economy is to segregate our waste properly, so that it can be reused, recycled or disposed of correctly. The recently launched ' Take a minute, before you bin it! ' campaign highlights how small changes in behaviour can make a big difference to our recycling rate and bring us closer to a circular economy.
The latest issue of PTSB Reflecting Ireland explores the lives of women in Ireland today. As we approach a historic referendum on March 8th, International Women's Day, we look at four aspects of women's lives in Ireland: financial wellbeing, home life, work life and lifestyle & sport. Themes that emerge include the need for women to take more control over their long-term financial planning, evidence that behavioural patterns in the home are changing, a strong desire for gender equality in work and sport, and the importance of female role models in working and sporting life.
The latest issue of PTSB Reflecting Ireland explores how people are feeling about 2024. It reveals that despite current challenges, almost three quarters of us feel Ireland is a good place to grow up and over half of us feel it is a good place to grow old. Our natural environment is what we appreciate most about living here. Our concerns, hopes and priorities are broadly similar to this time last year. Concerns about our healthcare system are top of mind, and most of us have an ambition to become fitter and healthier this year. The most popular New Year Resolution for 2024 is to sort out our finances. We all want to feel in control of our finances, and as the high cost of living continues to bite, it has become a priority for most of us. We provide tips on how to get on top of your finances on www.ptsb.ie/blog
BehaviourWise is delighted to have supported the recently launched excellent campaign by DesignWorks Ireland to encourage people to recycle their WEEE (Waste Electrical & Electronic Equipment). The campaign is supported by Ireland's two WEEE compliance schemes, WEEE Ireland and ERP Ireland, the Regional Waste Management Planning Offices and the Department of the Environment, Climate and Communications. According to the Environmental Protection Agency, WEEE has become one of the fastest growing waste streams worldwide due to the unprecedented level of electronics being produced. It is also one of the most hazardous if not managed properly. From a behavioural point of view, we know that most of us have some old or broken electrical or electronic equipment lying around that we either forget about or don’t know what to do with. This campaign is all about reminding people that anything with a plug, battery or cable can be recycled, that it costs nothing and that it’s easy to do! It directs people to www.MyWaste.ie to find their nearest WEEE drop-off point.
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