Sunday July 12, 2020

For Ireland’s New Broke, who are struggling to make ends meet, being strapped for cash brings a curious form of liberation

Two years ago, you might have envied them.

23rd August, 2008

Two years ago, you might have envied them.

He works in the private sector, earning a respectable €3,300 per month after tax. She is the stay-at-home mother of baby twins. Now in their 30s, they have a house worth about half a million euro, and two investment properties worth another €400,000.

One of these attracts a rental income of about €1,300 a month. Then there are the savings - they have a not insubstantial €98,000...

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