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Dublin: 12 °C Monday 20 May, 2013

What’s left? Over 1 million adults have less than €50 after bills

Disposable income has dropped to zero in some cases.

Image: Paolo Margari via Flickr/Creative Commons

OVER 1.1 MILLION adults in Ireland have less than €50 left over after paying essential bills each month.

According to the latest Irish League of Credit Union’s What’s Left? income tracker, disposable incomes remain under pressure.

About 63 per cent of adults have less disposable income than they had this time last year with 1.6 million left with less than €100.

The survey shows that 560,000 people – that is 16 per cent of all adults – have absolutely no money left at the end of the month after all essential bills are paid. A further 210,000 have less than €20, while 385,000 say they didn’t have more than €50.

The majority of the most vulnerable surveyed said they worry how they will cope if unforeseen expenses arise. More than half said they were living to work, as opposed to working to live.

Keeping a car on the road is among one of the greatest concerns for the adult population with 7 per cent of motorists considering giving up or selling their car due to recent increases in car tax and fuel prices.

Almost half of all drivers are “really struggling” with the rising costs of motoring. One in five people has already changed their car for a smaller model with another 26 per cent intending to do the same in order to reduce costs.

Mortgage and rent, as always, are among the most expensive bills for most with groceries taking second place once more (food bills moved ahead of utility bills in December and the rankings remained the same last month).

The League of Credit Unions said the improvement in the weather has allowed for the drop in the price of utilities.

Transport costs, loan repayments, credit cards, health insurance, telecoms and TV, education fees and childcare make up the top 10 most important and most expensive bills.

Paying bills on time remains a problem for 47 per cent of Irish consumers but this figure has actually dropped from 55 per cent last December. Last on the priority list are the TV license, bin charges and the TV/telecoms bill.

Saving is also impossible for some with 46 per cent stating they cannot put aside any money. About one third of people save an average of €197 each month.

Homeowners will have to pay for their own water meters>

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Comments (76 Comments)

  • don’t worry they have plans for that other 50

    Reply
    • Yes. The next budget won’t be long sorting that out. This rightwing government couldn’t give a hoot about the less well off. They will continue to squeeze them. They won’t dream of hitting the Fine Gael hard core voters tho. They makes me sick!

      Reply
    • ”What’s left? Over 1 million adults have less than €50 after bills”

      Would somebody in the media mind telling this to our government
      or at least pass it on to one of their expensive PR companies.

      FG & Labour

      The Eurobankers Bailiffs.

      Reply
  • John 16/04/12 #

    FFS! Keep quiet! If edna and co in fine gael get word there’s money sloshing around they’ll introduce the €50 left over tax, which, rumour has it, will be about €50.

    Reply
  • Never mind that, what about poor impoverished Phil Hogan who can’t afford to take a pay cut?
    Maybe if we all chipped in €50 he might be able to pay that service charge for his luxury holiday home in Portugal…

    Reply
  • Ssshhh the government will hear you and will make up some tax to take it from you. How about a “disposable income” tax??

    Reply
  • You can safely bet none of the million are career politicians !

    Reply
  • This has been one of the main points j have been making all along and in particular in relation to the Household Charge.
    There are a lot of people out there who just don’t have the disposable income because of all the other cuts and taxes to date. Add the household charge on as well and people’s spending power is further reduced. I spoke to 2 retailers on the d-day for the charge and they both said that the 100e people were paying was possibly 50e gone that they may have spent in their stores! And the knock on effect of further decrease in spending in the LOCAL economies, is more job losses in the restaurants, hairdressers, draperies and corner markets!!
    Now who really believes all the spin about Job Creation policies!!?? Only one player in town and it’s Austerity and more unemployment and poverty as a result!!

    Reply
  • This shows the true depth of austerity in this country at the moment and proves that the policies being taken by this government simply are not working. They talk of job creation, restoring confidence in Irelands reputation on the money markets but have utterly turned a blind eye to the plight of ordinary people. When are they going to look at domestic demand as a driver of recovery? Is it blinkers from now on and concentrate on exports? Just exactly how long do Fine Gael and Labour think people are going to be treated like this? People in this country see an upcoming birthday for a son or daughter as being a time of dread and worry rather than a joyous occasion. An unexpected trip to the doctors means a differen bill won’t get paid this month.
    The government have turned their backs on their people as far as I can see and its utterly wrong. It’s terrible that people have to wake everyday to this type of terrifying stress and worry…the heartache of not being able to buy their child a small treat or even the basics such as clothing without having to sweat it out as to where the money will come from it. We’ve stopped being a society and have become an economy..it’s quiet clear that Kenny and Co do not know what they are doing nor do they know wat they are inflicting on their people. They seem instead much more interested in receiving hollow plaudits from their European masters and sod the little guy. People want hope and confidence and judging from how financially badly off a lot of us are…we’ll be waiting.

    Reply
    • That’s if exactly Tony!! When you remove all the spin, the domestic economy and domestic demand is still in serious recession and it’s because of the 4 years and counting of these austerity measures which hit the most venerable in society most also.
      I believe There is no such thing as society in Ireland any longer. The ‘look after your own’ ethos that Thatcher and Regan drove was enshrined into our psyche by previous FF governments and the media and even in these horrible times, people refuse to stand together and in particular with the vulnerable. The household charge is proof of this, it’s ok people deciding to pay but in doing so, they are saying this charge is ok and fair on ALL. Public sector v Private .. Urban v Rural and now HH tax payees v Non payers.. These are the divides been driven by government to conquer us and keep us down.. Unfortunately people buy into it and they are succeeding

      Reply
  • Aarum 16/04/12 #

    €50 I wish I’m in the minus figures

    Reply
  • Motorists will see more pain soon enough, tolls everywhere, rises in motor tax, fuel will probably hit 1.80/L by the end of the year.

    Reply
    • 1.80?? Tell me where u are buying your petrol, because here even before the end of the year we will be paying at least 2 euro per litre.

      Reply
    • It’s no wonder that shops are closing down every day! It’s just one big vicious circle! The government take more, people have less, shops and businesses close down because no one has any money to spend! So the government has to pay out more on social welfare! You have to ask yourself! Who do this government value more? The people of this country or the people in Europe that are stripping Ireland bare! The only way out is to say enough’s enough! We either pay back debts over a far longer timespan or we go it alone! Invest in the people. Create jobs, and get money flowing again. We’ve wasted nearly 4 years because of fools not having the courage to stand up for the people who elected them! It’s time to stand up for ourselves! Any option has to be better than the one our Government is presently taking! Can’t they see what’s going on? They’ve become obsessed by trying to get more and more out of people that just don’t have it! Do they really think that people will just lie down and let them install water meters? And then have the audacity to charge us for them! The household charge is one thing, but if they try and go ahead with this water meter thing, that, I’m certain will be the last straw for the Irish people!

      Reply
    • There’s gonna be a new tax on comments made in the journal!

      Reply
  • €50 some people are doing well just to have even that , in my case I’m still going to the folks each month for a hand out, where would I be without the good old ma and da to lend a hand

    Reply
  • Funny that the new Breathing tax is €195 per month

    Reply
  • Thats if you are lucky!

    Reply
  • made 16/04/12 #

    Just goes to show that this government hasn’t a clue add doesn’t care about the ordinary decent folk of Ireland, people have nothing yet we’re still expected to pay more, WE DON’T HAVE IT. This government has to be thrown out before they destroy what little is left of this country. And now they want to charge people for the privilege of putting water metres into the homes,seems to me if you own your own home you’re screwed.

    Reply
    • There is a need for change I agree. One simple straight forward 1 would be to reduce Enda’s salary to €100k, ministers to €75k, junior ministers to €65k and TD’s to €60k and scrap the expenses gravy train. If they want people to suffer for the sake of the banks and the Euro it’s about time they showed a bit of leadership and made a bit of a sacrifice themselves.

      Reply
    • spot on Kerry

      Reply
    • Yes we are totally screwed and guess what I feel like doing is just handing my home contents and all to the government, brick by brick in a trailer to Dail Eireann and I will replace it with a caravan.. Why did we buy our own home????? Well I bought mine because we were both working when we git married , we planned to have family, and thankfully we have been blessed with both ,then!!!! Along came HAUGHEY THEN CAME BERTIE AND CAME COWEN AND NIW WE HAVE KENNY AND GILMORE …. my children are Now thank are now adults and an absolute pleasure and joy and a light in very dark days for usWhat have done wrong ???? We are Now retired and thought that we were secure but Kenny and Gilmore have SPAT in our face and told ha ha ha ha no you are not cos even your little nest egg is gone and your believed sons will more than likely be moving to far away lands and your home will go to rack and ruin cos you will have no money to maintain it cos we are going to take all from you ….FOOLS the lot of us for trying to secure our future and our old age So why not live in a caravan it would make sense cos we would not need much heating so we save there,we would not have much space so would only need very basic of clothes and as result of such a cramped space,we would nit be able to entertain, I could keep going on but I think I have painted my picture as I see it. VERY VERY Dark Days ahead with little Sunshine and hey We are the Proud Irish

      Reply
  • Ya come on now, you would definetely have a few euro left if we just ate gruel, it is not the poor governments fault.. Give me a break!

    Reply
  • SMcB 16/04/12 #

    1 million… I wouldn’t disagree with that given 400k + are unemployed to start with. People who are unemployed spend pretty much everything they earn in the local economy.

    Reply
  • the song”…….owe my soul to the company store….” springs to mind

    Reply
  • jimbo 16/04/12 #

    Is it a wonder and our government will find ways to get the rest it has to stop here and now

    Reply
  • Majority voted FG into power; majority will pay household charge. Majority will complain online; minority will protest in real life. The Irish people by majority are willing to suffer ANY punishment given to them. No matter how bad things get the Irish people will allow it to happen. Since 2008 this has been proven on a daily basis. Even if it gets to the point where there is NO money AT ALL for even food or bills and people need to receive food aid from the back of a truck like in 3rd world countries, then Irish people will simply queue up to receive food aid from the back of a truck like in 3rd world countries. Unfortunately we reap what we sow and there is no level of punishment possible which would be enough to unite the majority of Irish people and cause a revolution. We are determined to let this happen. P.S. I don’t intend to offend, I am just stating the way I see things right now. I have no answers, no alternative solution and no sage like wisdom to explain why or how we are letting it happen. I would however appreciate nothing more than to be proven completely wrong because there is the very smallest chance that it would prevent this situation from crushing me entirely.

    Reply
  • Madam — I was amazed to read in your paper that the “fat cats” who caused the collapse of our economy are to be allowed live the lifestyle that they are “used to”. People who are suffering because of these greedy fat cats are not just losing their jobs, homes, enduring the break-up of families through emigration but are carrying the burden of the debts these fat cats caused. To add insult to injury I read that these greedy people are to be allowed buy back some of the assets Nama took from them, but at a lower rate. This brought me to quickly scan what is happening in Dail Eireann.

    And it reads like the Mad Hatter’s Tea Party. We have Dr Reilly being registered in Stubbs Gazette for owing money, as his party colleague Alan Shatter tells people who owe money that they should sell their jewellery to pay off their debts. We have ordinary business people going to jail for not meeting their obligation on VAT. Meanwhile Mick Wallace sits in the Dail. Then along comes Minister Phil Hogan and his entourage with a bill of €9,000 for a one-day trip abroad, the man who tells us we must raise extra cash through new septic tank charges, water and household charges. Have I missed anything? Then the icing on the cake: we read that Sean Quinn’s family want €2,000 a week each to live on. I suggest we give them, and the other fat cats, the same as what the people on social welfare get to live on.

    Then just to make sure we are all doing as we are told, the Taoiseach has been flying in the Government jet, 26 times from July 2011 to June 2012, at a cost of €3,790 an hour. That is one very expensive cherry to finish this sorry tale off. The only people who have suffered from all the greed are the people who did not cause it, and those that did, walked away with big pensions, and the other greedy fats cats have been given a second chance, while poverty and fear is the diet of the ordinary citizen who played no part is this economic treason.

    Ray Heffernan,
    This man should be elected, nay appointed, our leader.

    Reply
  • Why is it when we have statistics like these all we hear is comments from the opposition, the fg/lab supporters are afraid to comment in support of their parties so they jus dislike the comments instead, ( wonder how many dislikes i`ll get for this comment)

    Reply
  • €50?! What the fk?
    The government have failed yet again, we need another tax to take it…

    Reply
  • Does anyone know what our standard of living is down to yet? Would it be pre-boom by now?

    Reply
  • Totally off topic here but I see one contributor here on a regular basis that adds absolutely nothing to any debate. They should just call themselves “Seagull” because they fly in, drops a little bird droppings of a comment which are so inane and fly off again never to return to back up what they have posted. Rant over!

    Reply
  • It was 100 per RTE this morning anyone care to explain the discrepancy? That being said the overall trust of the report is correct.

    Reply
  • Ní bheadh a fhios agat é ag breathnú ar an gcathair istoíche…

    Reply
  • If they are lucky.

    Reply
  • Most of our convenience food Jambbie is imported eg crisps and biscuits. It is up to everyone to see how their money is spent. It is not only the Government who needs to check value for money.

    Reply
    • Unfortunately convenience food is often cheaper than cooking from scratch but wouldn’t it be great if people could tear themselves away from the billion tv channels spouting crap at them all day (is tv an essential bill?) and spend some time cooking. Perhaps the whole country will get an imaginative quantum forwards leap when folks start realising that tv is rubbish and a total waste of money. Convenience means crap.

      Reply
    • Aurfur 16/04/12 #

      My grandfather spent his childhood in the workhouse with his mother and siblings. Got out married and lived through two world wars in England. He and his wife never bought convenience foods and always made their own soap from fat saved from the roast. Made a lot of their own clothes. My paternal grandparents who were their contemporaries lived in the country and grew a lot of their own food. They always said that the privations of rationing affect those who lived in the country less. If this country gets any worse financially I am getting rid of the telephone and going off grid again to recoup the stealth charges of the future.

      Reply
  • I would ask people to look into their shopping trolleys and ask themselves how much of what is there is value for money. Are crisps, biscuits, wine,,chocolates, precooked foods value for money. Unfortunately many of our younger citizens have no idea how to cook a meal and they end up buying convenience food which is much more expensive.

    Reply
  • Dr_Palo 16/10/12 #

    Was looking for some info on the accuracy of this: The survey was conducted by Market Research Company iReach during the period of June 2012 using the iReach Consumer Decisions Research Panel which delivered 1,000 responses from adults in Ireland aged 18+ to 65+ and is nationally representative by Age, Region, Gender and Social Class. This research has a confidence level of 95% and confidence interval of 4%.

    Reply
  • Is that after 5 nights in the pub a weekly hairdo, and two foreign holidays?

    Reply
  • Lets all take a lesson in life from a 23 year old. Don’t buy houses that are obviously inflated in price to the very extreme. Don’t support unnecessary urban sprawl and live in boring suburbs. Don’t spend money you don’t have on stupid shit you don’t need to fill your already unnecessary house with. Don’t get a job in an industry that can easily crash around you. Now don’t vote for FF, FG or those politicians that have been obviously corrupted by those with money. Lastly, keep it in the pants and stop having so many dumb ass kids. Much love from a young guy in Australia making a lot more money than my parents. I seriously wonder what the generation before me thinks about- or doesn’t think about for that matter. Sigh.

    Reply
    • SMcB 16/04/12 #

      What qualifies a 23 yr old to give anybody a “lesson in life” …. ?

      Reply
    • how about a degree that could get me a job in most counties at home and zero debt for starters?

      Reply
    • Wow Sean, how arrogant are you? You might want to take a closer look at the Australian economy, economists are making the same predictions about Oz as they made about Ireland before our economy tanked. Australia has a big construction boom at the moment, over inflated house prices and a huge increase in the cost of living over the last decade. Dont be so naive and keep educating yourself. As much as you like to think you’re a know it all, you’re not.

      Reply
  • Sucks to be them…

    Reply
  • Totally off topic this time but I see one contributor here on a regular basis that adds absolutely nothing to any debate. They should just call themselves “Seagull” because they fly in, drops a little bird droppings of a comment and fly off again never to return to back up what they have posted. Rant over!

    Reply
    • So seagulls are out, and only those who have nothing else to do may contribute to the Journal. And by the way, do you seriously think this is a debate?

      Reply
    • you shouldnt be so hard on yourself sean, im sure you make the odd comment that contains a modicum of merit, not that ive witnessed one mind

      Reply
    • Pat, There are many fine contributors to the forums here both busy people and those with in your words “who have nothing else to do” and they represent all views and post thoughtful contributions/participate in real debates but I see one seagull flying around here on a regular basis. I used the word debate but it could equally be contribution.
      Revolting Peasant, I am under no illusions of granduer about any contributions that I make in this forum as I get as much possitive as negative feedback mind you I don’t keep track but I see someone for who I just cannot see what they could be possibly adding to any discussion that they post in so I am classifying them as a seagull and yes Pat, Seagulls are out!

      Reply
    • but sean it boils down to the same thing i.e. your opinion of someone elses contributions, its on the same level as anyone elses put down of another commentator except you dont have the bottle to name them, so forgive me when i allude to my suspicion that you refer to yourself

      Reply
    • Revolting, when the original contribution by the Seagull rather than the reply extends to one word what can you possibly do with that? I take your point that in the absence of naming them that maybe the torpedo I fired is on its way back to me but so be it. Why did I post my contribution? after running through one of the threads from yesterday I sensed a frustration by some posters towards this individual which I had to say I sympathised with so I had my rant, hissy fit, throwing all the toys out of the pram, or whatever you want to call it moment this morning.

      Reply
    • c’mon sean,
      de-fuse that torpedo that you fired

      Tell us who ‘The Seagull’ is,
      Go on my son, you can do it!

      Reply
    • Joseph, I am playing back your comment in my mind with an accent from the some random Hollywood Military picture (take your pick) and it sounds good. A thumbs up from me but I am still not telling!

      Reply

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