Warning that 'new poor' face long-term poverty
Ireland's 'new poor', people who have fallen into debt since the economic crash, are in danger of slipping into long-term poverty, according to a new government report.
Ireland's 'new poor', made up of people who have fallen into debt since the economic crash, are in danger of slipping into long-term poverty, according to a new report for the government.
The report, prepared by the National Economic and Social Council (NESC), also said that children of indebted individuals who had bought properties at the height of the boom might be trapped in intergenerational poverty.
The report identified a new vulnerable demographic, made up...
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