Almost half of workers suffering from financial stress amid cost-of-living crisis – The Irish Times
https://www.irishtimes.com/business/2024/09/12/almost-half-of-workers-suffering-from-financial-stress-amid-cost-of-living-crisis/
Posted by MrStarGazer09
9 Comments
Who’d have thought making everything massively more expensive, flooring people with increases to rents and basic utilities, while leaving wages static year on year, might have caused some financial stress. That pricing people constantly out of the very basics in life *might* cause deeper issues in the country.
Mind, did you see how many shows Oasis have sold out in Dublin? Obviously the Irish Times is mistaken and everything is amazingly brilliant….
From the article:
“Concerns about their financial wellbeing and the strain of the cost-of-living crisis are weighing heavily on Irish workers in the weeks before Budget 2025, a new survey has found, with many employees unconvinced their employers are doing enough to relieve the burden.
The poll of more than 1,000 employees in the Republic reveals a large cohort – 41 per cent – of respondents who said their employer did not adequately compensate them for inflation last year. The research was conducted by iVox on behalf of payroll and HR technology company SD Worx.
Overall, almost half of workers said they were suffering from financial stress while a third said their organisation does not show sufficient concern for their financial wellbeing.
A further 44 per cent said they would like to request a salary advance but just 28 per cent of workers surveyed felt they have “significant influence” over pay negotiations. More than a quarter of the sample said personal performance is not sufficiently rewarded in their workplace
“Our research shows that employees are grappling with rising costs and are concerned with their financial stability. When not reflected by proportionate salary increases, the increasing cost of living amplifies the stress and pressure that employees and their families are placed under.”
Concern among households in the Republic about financial deprivation has risen each year since 2021, according to the Central Statistics Office’s income and living conditions survey, as consumer price inflation began to accelerate during and after the Covid-19 pandemic. Last year’s survey indicated that the percentage of people living in enforced deprivation increased from 16.6 per cent in 2022 to 17.3 per cent in 2023.”
Shop around
>Almost half of workers suffering from financial stress amid cost-of-living crisis
Majority of workers not suffering from financial stress amid cost-of-living crisis.
Likely see a €5 tax credit in the budget for someone like me, who’s locked out of the housing market living in a moldy house share with 5 other people and ever increasing rent. Just for the privilege of commuting for 2.5hrs every day to just about cover the costs of rent + food.
Another day, another article to tell us how miserable we are and if we are not miserable we should be
The press are using AI at this stage just to churn out this rubbish in the knowledge it will be shared on social media, get loads of clicks and job done
It’s behind a paywall and I am so miserable and broke I am not paying for the Irish Times but do they provide how they gathered this informaton? or did they do a whip around the office? with the amont of polls claimed to be taken by the media Ireland must be all polled out at this stage
For sure but I’m fairly sure this is the only way out of this inflation cycle and sadly the cost to people whether it be financial or to their health will be incredible.
a few 8.00 pints will sort thsat out
was there ever a time in ireland where most workers were flush with cash though? during the celtic tiger i was paycheck to paycheck, borrowing to have a few pints etc. for e.g.