Ireland. Here’s how financial literacy affects the money in your pocket

As with many western nations, Ireland faces an increasingly aging population. To combat future stress on Ireland's state pension, the Government established a pension auto enrolment scheme in 2024 to assist low-income workers plan for their retirement. But this scheme masked a deeper problem with Ireland’s financial education. A recent Department of Finance report highlighted Ireland’s shortcomings in financial education, with approximately 43% of adults failing to meet the minimum OECD level of financial literacy. In response, plans are underway...