How to track your financial well-being and what to do if you have questions?
Read more:In Ireland, there are some measures that can be used to track financial well being.
These include your income, net worth and savings.
However, a recent survey found that almost a third of respondents said they do not have enough information to assess their financial wellbeing, even though they have had a job, or even when they are no longer employed.
The survey of more than 2,000 people, which was conducted by the Irish Institute of Economic Research (IoE), also found that nearly a quarter (23 per cent) of respondents did not know how to answer a question about how well they are doing financially.
And the survey also found nearly half (48 per cent of respondents) had trouble answering a question that asked if they would like a bank account, a credit card or a debit card.
IoI director Dr Michelle McGovern said that more needs to be done to get more people involved in their financial health.
She said that while there is an ongoing need for people to be more involved in the financial planning and management of their own lives, there is also a need for organisations to better support people who are struggling financially.
I am absolutely opposed to the idea that anyone should be denied the opportunity to access their finances, she said.
She also said that a lack of financial literacy is a major barrier for people struggling financially and said it was a matter for all of us.
I do believe that we should support people to get the information they need to make informed decisions, she added.
McGovern said she hopes to see the financial health statistics for women and people in work, which she called “finance literacy” in action.
She added that while a lack, or lack of understanding of the financial issues of people struggling to make ends meet can be a barrier to the wellbeing of others, it is not the end of the world.
She highlighted the importance of the introduction of the Financial Literacy Bill in the recent budget.
I think that the government is well aware of that, she told RTÉ News.
But she also warned that the lack of awareness on the part of the public, and of those in the public sector, can have an impact on the well- being of those who are in the workforce.
McGary said that when the public are not properly aware of the complexities of financial issues and how they can affect their well- beings, it can be damaging.
She stressed that there is a need to work to make sure that the public is aware of financial resources, and the risks of financial decisions being made.
I hope that we can have a conversation about that, and we are all in this together, she concluded.