Is everybody broke?

the median (not mean, median) salary in ireland is approx 45k

…and again, we re back to averages, this actually isnt the case, most are not earning 50k and above, which means a large proportion of the population is actually exposed here, and is starting to struggle with meeting needs, lower rates might just relive some of this pressure, but inflation has also been extremely difficult for this part of the population. yes those earning 50k and above arent feeling this as much, baring many of these individuals probably also have high levels of debt….

Here is some earnings data.

Please note this is not income data.

Please note this is mean data, not median data, so it is affected by outliers.

Industry = 60k

ICT = 93k

FIRE = 77k

Education = 52k

Here is some more earnings data.

Please note this is not income data.

https://www.cso.ie/en/releasesandpublications/ep/p-eaads/earningsanalysisusingadministrativedatasources2022/annualearnings/

This series has both the mean and median annual earnings

Debatable if manifestations of wealth; jammed restaurants and shiny new (but poverty spec) cars are people doing really well or people putting on a show for friends and neighbours, but counting pennies behind the scenes.

Fur coat but no knickers.

hold old are you? If in your 20's then its normal to be broke at this age. If you are in you 40's then a different matter.

The irish economy is roaring, there is zero unemployment, wages are up and inflation is at its lowest point in years. People are taking foreign holidays in record numbers, new cars sales are high and 12,000 first time home buyers in the last six months. To add to that the stock market is going gang busters so all private pensions are looking very good for anyone retiring soon.

I've posted similar charts before. It is possible to see where we sit among the developed European countries in terms of the sort of money we have to play around with.

This shows us between Slovenia and Italy. We are behind both the European and Euro area average and not really that much ahead of Spain, Portugal, Czechia etc. In addition to being relatively low by European terms, our accommodation situation means that a significant portion of the population might be having tough times compared to similar groups in other countries lower on the list.

Median household disposable income in 2023 was €55,149.

https://www.cso.ie/en/releasesandpublications/ep/p-silc/surveyonincomeandlivingconditionssilc2023/

This data looks very odd. $38k dollars ~ €35k average gross household income in Ireland when CSO median gross is €65k or so. Is this on a different basis?

It’s also seems very odd that Italy has a higher income profile than Ireland.

this may be the impact of EU getting RELATIVELY poor/stagnant and south east asia getting richer.. consumption has increased in Asia which means less goods to export to west..

its high time manufacturing is re started in EU but soaring energy cost is hindrance

The more people earn ... the more they spend. I don't buy this "poor me". It's down to lifestyle, budgeting and self-control. I have been through the storm, back in 2009.. had to cut back on everything.

Somebody earning 50k can be wealthier than another person earning 100k.

Teenagers eat you out of house and home!

Food has increased massively, though Aldi and Lidl are still the cheapest in general.