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Despite being more confident about the economy, Dubliners are wary of setting up a business

The Your Dublin, Your Voice survey is the fifth of of its kind and set out to find how Dubliners are feeling about their current financial situation.

Shoppers on Grafton Street.
Shoppers on Grafton Street.
Image: Sasko Lazarov/Photocall Ireland

LESS THAN ONE in five people would consider setting up a business in the next two years, with women even less likely than men, according to a new survey by Dublin City Council.

The Your Dublin, Your Voice survey is the fifth of its kind and set out to find how Dubliners are feeling about their current financial situation.

Some 1,417 people responded to the survey which was carried out in December 2013 and took on the views of 38 different nationalities, although 92 per cent of respondents were Irish.

Here are some of the key findings:

  •  55% felt more confident about the Irish economy than a year ago.
  • A third of people felt they would be personally worse off next year.
  • Financial pressure was the biggest worry for 42% of respondents. Job security 17% and health 13%.
  • Just under half of all respondents indicated that the recession had had a major negative impact on their finances, this was especially true for those aged 46 – 65 years.
  • 85% worry about their household finances.
  • 36% of respondents indicated that they relied on family or friends to meet some day to day living needs.

The survey also asked respondents what they would most like to discuss with local election candidates on the doorsteps, with employment, the national economy, public transport and water being the most pressing issues.

The results showed various differences in the optimism among both men and women as well as people in different age groups.

46-65 year-olds were most likely to describe themselves as feeling ‘angry’ about the state of the Irish economy while 18-30 year-olds were more likely to be ‘hopeful’.

Women worry about their personal finances, are more likely to ask family and friends for financial help and were less likely to consider setting up a business.

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Rónán Duffy

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