Wednesday 24 January 2018

All is not well in the economy - despite so-called 'recovery'

A homeless man seeking help
A homeless man seeking help
Letters to the Editor

Letters to the Editor

Seven years after the financial collapse in Ireland and, in the second year of a proclaimed economic recovery, are the people of Ireland better off? Hardly.

The economy is better off only if measured in all terms except those regarding the main bulk of the population.

Low income workers see their earnings eroded by the galloping cost of services, which now include a high level of rents for private accommodation to which an ever-increasing number of people are resorting - as they are either not in a position to buy a house or their houses have been repossessed because of their inability to repay their mortgages.

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