Financial capability in Northern Ireland 2014
Date published:
To support the development by the Department of Enterprise, Trade and Investment of the Northern Ireland Executive’s commitment to bring forward a Financial Capability strategy for Northern Ireland
2012 financial capability survey
Financial Capability in Northern Ireland 2012 constructed an evidence base which includes:
- a broad social and economic contextual overview
- secondary analyses of existing personal and household financial management survey questions for the periods 2005/06, 2007/08 and 2009/10
- qualitative and quantitative Financial Capability research conducted during September and October 2012
- and segmentation analysis of the population in terms of individual experiences, characteristics, and potential needs in relation to Financial Capability
2014 omnibus survey
The 2014 Omnibus Survey is the second in a series of three surveys planned to take place in 2012, 2014, and 2017. The 2012 survey established important baselines, while the 2014 and 2017 surveys will enable comparisons, monitoring and trend analysis to be performed. Taken together, the three surveys will enable additional understanding of any changes seen over time and highlight areas that may need addressed during the lifetime of the 2013-18 Strategy or to inform the development of a future Strategy.
Thirty-one bespoke questions on the theme of financial capability were included in the September 2014 survey. These were identical to the 2012 survey with two exceptions, the addition of two new questions that looked at pension and retirement planning and the removal of a question on the type of documents respondents reported retaining copies of, such as receipts and bank statements.
The Northern Ireland Omnibus Survey is carried out on a regular basis throughout the year by the Northern Ireland Statistics and Research Agency (NISRA). It is designed to provide a snapshot of the lifestyle, views and experiences of the people of Northern Ireland. By providing information about different sections of the population, the Northern Ireland Omnibus Survey enables government and others to identify local views and experiences which help inform and measure ongoing policy and future decision making.