Less People Saving, More Worried About Global Recession

Less people saving, more worried about global recession

Less people are saving, and more are worried about the risk of a global recession, according to new research by Bank of Ireland.

Fear of a global recession is now the main economic worry among Irish households

The risk of a global recession has emerged as the biggest economic ­concern for Irish households.

Global recession our biggest fear

Fears of a global recession have overtaken housing and inflation as the biggest worry for Irish households, a new study has found. Fear about recession was the number one concern for 21% of us in the second quarter of 2025, up 8% on the first. Those most worried are millennials and Gen X (aged 30-59), with 24% citing it as their biggest concern. Professional/managerial employees are most likely to name a global downturn as their biggest concern,…