From the Central Statistics Office
This morning.
The Central Statistics Office published its results from a survey on income and living conditions in Ireland in 2017.
It found the mean annual household disposable income in 2017 was €48,476 which represents a 4.7% increase on the 2016 figure of €46,310.
It also reported:
The at risk of poverty rate, which is the share of persons whose equivalised income was less than 60% of the national median equivalised income, was 15.7% compared with 16.2% in 2016. This change is not statistically significant.
Enforced deprivation is defined as not being able to afford two or more deprivation indicators; such as keeping the home adequately warm or buying presents for family/friends at least once a year. The percentage of people considered to be experiencing enforced deprivation was 18.8%, down from 21.0% in 2016; this is a statistically significant change.
The most common types of deprivation experienced by Irish households were an inability to afford to replace worn out furniture (20.4%), to afford to have family or friends for a drink or a meal once a month (13.9%) and to afford a morning, afternoon or evening out in the last fortnight (13.2%).
Finally, the consistent poverty rate which includes those persons who are defined as being both at risk of poverty and who are also experiencing enforced deprivation, was 6.7%. This is also a statistically significant change on the 2016 figure of 8.2%.
Read the report in full here
Sure we’re all loaded. The mean weekly disposable is €900+. If I earned that week before tax never mind have it has disposable I’d consider myself loaded. Where have these figures come from?
Oh look. Things are getting better!
With so many adults now living with their parents for longer or having moved back in to save for a house, does this also come under the stats for a ‘household’?
No surprise it’s going up so…
And how do you distinguish between disposable income and savings? Because I would imagine many living at home are saving for a deposit etc.
What do they mean by “disposable income”? Mine is like €150-200 after rent, bills, groceries and putting a bit into savings.
“disposable income” is all income [direct (e.g. income, pension, interest, dividends) + Social Transfers (all benefits including Child benefit, Rent supplement, etc) minus all taxes, USC, social insurance contributions, etc.
So it has to pay everything – rent/mortgage, bills, food, transport, savings, drink money.
see https://www.cso.ie/en/releasesandpublications/ep/p-silc/surveyonincomeandlivingconditionssilc2017/backgroundnotes/