Monday 24 July 2017

Irish families still around 10pc worse off than before crash - ESRI

Despite the giveaway Budget, most families are still worse off
Despite the giveaway Budget, most families are still worse off
Gavin McLoughlin

Gavin McLoughlin

Irish families are still around 10pc worse off than when the economic crisis started, according to an ESRI report.

Though Budget 2016 led to a small increase in household disposable income (0.7pc), Budgets from 2009 until now led to income losses ranging from 9pc to 11pc for most family groups.

Those on old-age pensions lost the least (5pc-6pc), the ESRI said, while single unemployed people without children lost the most (20pc).

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