Over 60% of people feel they will have to cut back spending money on food in the coming year due to the cost of living crisis, new research has found.
A report by Permanent TSB called ‘Reflecting Ireland’ also found that 53% of people worry they will be unable to pay higher energy bills.
Just over 1,000 people took part in the survey and 535 of respondents said they feel they are less well off than they were a year ago, a huge increase from the 32% in January.
