Irish Funds Research Highlights Gaps in Financial Literacy and Investment Participation

Financial literacy, confidence and participation in long-term investment are becoming an increasingly important part of Ireland’s national conversation, as new research from Irish Funds highlights significant gaps and opportunities.

The study, conducted in partnership with Amárach Research, reveals that 44% of adults in Ireland do not feel financially literate or are unsure about their financial knowledge. Lower confidence levels are particularly evident among women and younger people, pointing to a need for more targeted education and engagement.

At the same time, participation in long-term investment remains relatively low. The research indicates that almost two-thirds of adults continue to hold their savings in deposit accounts, rather than investing for longer-term growth.

Commenting on the findings, Irish Funds CEO Pat Lardner said many individuals want to improve their financial security but face barriers to entry.

“Many people in Ireland want to build greater long-term financial security, but too often feel that saving and investing is complex, unclear or difficult to access.”

The findings come as policymakers consider measures aimed at increasing participation in long-term saving and investment, including the introduction of Personal Investment Accounts. The research underscores the importance of improving access to financial education, simplifying investment pathways and helping households better understand investment options, costs and associated risks.

The report suggests that addressing these challenges will require a coordinated effort across industry, government and education sectors, positioning financial literacy as both a shared responsibility and a national opportunity.

The discussion has been featured in today’s coverage across RTÉ, Irish Examiner, Irish Independent and Business Post, helping bring the issue to a broader audience.