A third of NI households ‘expect to be worse off’

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The vast majority of people surveyed expected the general economic situation to get worse

Almost a third of households in Northern Ireland expect their financial position to get worse over the next year, a survey suggests.

A quarter of people expect to be a little worse off while 7% think they’ll be a lot worse off.

The Northern Ireland Statistics and Research Agency (Nisra) surveyed 1,785 people between 21 April and 23 July.

About half expected their financial position to stay the same; 12% thought they would be a little better off.

One percent though they would be much better off.

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There were significant differences in the perceptions of how the financial position will change depending on age group.

Almost four in ten people (38%) aged 45-64 expected the financial position of their household to get a little or a lot worse in the next 12 months.

But for those aged 65 and older, this figure was substantially lower, at 24%.

Whatever their expected household position, the vast majority of people surveyed expected the general economic situation to get worse.

Almost 90% of people said they expected a general economic deterioration, with people in rural areas taking the most pessimistic view.

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