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Wednesday 8 February 2023 Dublin: 9°C

# income

Last year
2022
Voices
Money Diary: An office worker in the east on €26K working in Dublin
This week, our reader is enjoying a hybrid work setup.
# FEMPI
High-earning public servants to have pay restored, as Varadkar admits timing 'isn't the best'
The public servants due to have their pay restored include medical consultants, members of the judiciary and some CEOs.
Voices
Opinion: Out-of-pocket expenses for workers are way too high in Ireland
A worker in Ireland earning a very modest wage must pay market prices for essential services, writes Dr Laura Bambrick.
# Housing
Cabinet approves Fair Deal rule change in order to bring thousands of vacant houses back into use
Nursing home residents will be able to keep 60% of rental income under changes to the scheme.
Voices
Opinion: Government is missing the links between the housing crisis and growing pension problem
Rory McNab says Ireland’s unaffordable housing means a whole generation will be without pension cover in years to come.
All time
# reduced earnings
Impact of Covid school closures to be felt 'throughout next century'
Ireland could experience a loss in GDP of as much as 1.5% over the next century.
# income
Taxi drivers 'leaving in droves' as industry hit hard by pandemic
Many drivers have been off the roads since March and there is still little work for them.
# charities regulator
Over 10,000 charities now registered in Ireland, 8% with annual income more than €1m
The Charities Regulator described 2019 as its “busiest year to date”.
Voices
How I Spend My Money: A 55-year-old woman in Dublin who cares for her elderly mother and works part-time in a shop
This week, our reader explains how she and her husband bought their house in 2003 for over 500K, which caused them some hardship, but now they live a happy life of careful spending.
# Deprivation
Nearly 16% of Irish households at risk of poverty last year while disposable income increased
New CSO data shows that the average annual household disposable income was €48,476 in 2017.
# Your Say
Poll: Do you consider a family which earns €100,000 to be 'rich'?
Taoiseach Leo Varadkar has stated that a family making €100,000 per year via joint income can no longer be considered to be rich.
# Pay Gap
More women than men are in full-time work after graduating - but they earn less over time
The CSO and HEA released the report that monitored graduates from 2010 to 2014.
# Your Say
Poll: Do you have more disposable income than five years ago?
Disposable incomes in Ireland are growing at over four times the eurozone average, according to Ibec.
# Buckingham Palace
Royal family set for bumper year of income as €419 million renovation on Buckingham Palace starts
The refurbishment is set to replace electrical wiring, water pipes and boilers in the biggest overhaul since the 1950s.
# start saving
The average first time buyer in Ireland is 34 years old and needs at least a €50,000 deposit
According to the Central Bank, the average first time buyer received a mortgage of €185,939 last year.
# doing well for themselves
These are the four richest counties in Ireland
Only four counties have a disposable income ahead of the national average.
# bóthar ark
Dublin manager Jim Gavin plays "groomsman" to 5,300 animals being airlifted to Africa
The Bóthar Ark has flown with a cargo of Irish-donated animals which will be presented to farming families in Rwanda.
# distribution
Here's how Iceland chose to spend some of their Euro 2016 money
The figures make for interesting reading from an Irish perspective.
# Your Say
Poll: Would you support an unconditional basic income for everyone in Ireland?
The amount suggested in Switzerland would amount to €2,250 per month.
# the recession
Here's why poorer families were hardest hit by post-Celtic Tiger inflation
Inflation for low income households was above the average rate during the recession.
# All about the money
Do you earn enough for a minimum standard of living?
The threshold has just gone up.
# back down to earth
Here is why double-digit house price increases are a thing of the past
This week the Daft.ie Sales Report showed that we can expect the housing market to calm down a little bit.
Voices
The gap between the rich and poor is widening, thanks to this government
Economic inequality in increasing in Ireland – despite what TDs might say.
# cashing in
How much can you make by taking in a lodger?
Could your spare rooms be pulling in a tax-free €12,000 a year?
# help to buy
Could shared ownership help to solve some of Ireland's housing problems?
The scheme was previously phased out because of a “very significant easing of affordability”.
# before tax
So, how many people will earn over €200,000 next year?
Michael Noonan recently revealed how many people are expected to fall into each income bracket in 2015.
# Bills Bills Bills
'Things are more likely to be getting worse than better for consumers'
Most people also expect to pay more on essential items over the next six months.
# income
Budget 2015 made rich people richer and poor people poorer
An ESRI report also found that contrary to popular belief the ‘squeezed middle’ has not been hardest hit in recent years.
# Not Lovin' It
Irish farmers show their beef with factories and retailers in McDonald's protest
Members of the Irish Farmer’s Association gathered outside the McDonald’s in Kilkenny to protest cuts to their income.
# taxing
Irish households pay just under 24% in tax, a new study says
If you’re at the bottom or the top of the income charts, you pay more than the average.
# mind the gap
Protecting social welfare during the crash lessened income inequality - ESRI
A new report finds that protecting those on social welfare impacted on income inequality.
# Gender Inequality
Women in G20 countries will have to wait 75 years to earn as much as men
Oxfam said that the Eurozone’s GDP would increase by 13% if women’s paid employment rates were the same.
# For a rainy day
Stamping your book: People are saving more and more with An Post
An Post say that they now hold 16 per cent of all personal savings in the country.
# uswitch.ie
More households borrowing money to pay "increasingly unaffordable" energy bills
Increasing numbers are turning to credit cards or dipping into savings.
# Standard of Living
Over 50s' income did not fall during the recession - ESRI
The think tank say research shows that, although the wealth of over 50s declined, overall income, health and well-being did not.
# Penny Pinching
250,000 households have less than €15,000 a year to live on
But income gaps are skewing analysis of the income average according to the Nevin Economic Research Centre.
Voices
Column: The introduction of a living wage would benefit ALL of Irish society
We shouldn’t view a living wage for employees as a burden, but as an investment: it would be one of the most effective ways to stimulate the economy, writes Ciaran Garrett.
# income
Budget 2014 had greatest impact on low-income groups
A new look at budgets from 2009 to 2014 by the ESRI shows that the lowest impact of next year’s budget was on some middle income groups.
# Budget 2014
Here's how much would be raised if income tax increased for earners over €100k
Michael Noonan has indicated that he won’t be considering any kind of ‘wealth tax’ in Budget 2014 – but has released figures on how much it would bring in.
# Under-qualified
Qualifications in centre-based childcare 'relatively low'
An ESRI survey showed that 60% of children at nine months are still cared for by parents.