Thursday 8 December 2016

Until family life is more affordable, young people will keep delaying it

Published 19/08/2016 | 02:30

There are many factors conspiring to cause young people to put off having a family until they are well into their thirties. Picture posed
There are many factors conspiring to cause young people to put off having a family until they are well into their thirties. Picture posed

If Ireland is no place for old people, it's no place for young people either. The fates of the two generations are, in fact, linked.

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Earlier this week, this newspaper reported the fact that the average private-sector worker is squirrelling away only enough to provide themselves with a weekly pension of €60. That's on top of the State pension. Add them together and an awful lot of people in this country are going to be living on €15,000 or so per annum in today's money.

As Charlie Weston, the paper's Personal Finance Editor, pointed out, on that kind of income you can forget about the new car and the exotic foreign holidays.

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