Is everybody broke?

Get out and enjoy life. Its too short.

Shein is laughing all the way to the bank among other online stores, it becomes more and more the norm as time goes by

Being a single person trying to get a mortgage or go on a hotel break, you are basically penalised, everything is more affordable when it's a duo rather than solo

Mean = average

Median is the middle observation, so it is not affected by outliers

I think what you are trying to say is that the median is a better measure of typical earnings, as it is not affected by high outliers?

What a ridiculous comment.
Work hard, pay off your debts.
That’s not privilege that’s hard work.

This is what im trying to say -

The mean (informally, the “average“) is found by adding all of the numbers together and dividing by the number of items in the set: 10 + 10 + 20 + 40 + 70 / 5 = 30. The median is found by ordering the set from lowest to highest and finding the exact middle.

So median is a more accurate indicator than the mean

Single people are not being penalised, you're just not spreading the cost.

Not everyone can or will ever be able to buy a house, ergo, homeownership is a privilege. It's literally that simple.

It's ok to recognise privilege. I hate that there's some weird thing about recognising our own privilege.

I mean, I'm literally using the dictionary definition of privilege:

an advantage that only one person or group of people has, usually because of their position or because they are rich.

Not everyone can or will be a home owner. That is an unfortunate, undeniable, simple fact. Some people will never be healthy enough, or wealthy enough, no matter what.

Correct. We're all privileged in some shape or form. Whats wrong with saying that?

I worked in a job 30 years ago and got 200 punts a week and my rent was 30 punts a week , 15% of my disposable income
The person doing that exact same job today who I met lately gets 600 Euro but their rent is 300 Euro a week - 50% of their disposable income .

Their wages are 3 times my wages but their rent is 10 times what my rent was !!

Maybe on this thread I'm on my own, and that's fine. I know I have people on my side when it comes to knowing what privilege is. In my opinion, it's always good to be aware of what you have and be thankful for it.

Do you think I think people pay off a mortgage undeservedly or something? Or that people who manage to pay off a mortgage are lucky or something? Not at all. Hard work should be rewarded, and a house and pension should be the pinnacle of a life well lived.

It doesn't mean that we shouldn't recognise the privilege we have had to do that, as it's something that many won't be able to achieve.

For example, every birthday, I recognise the privilege of having a birthday and what has been involved in me taking another trip around the sun. Many haven't reached my age. Out of my year in school, nearly 30 people (out of 130 or so) have passed away over the years, from car accidents, suicides, drug overdoses, and accidents.

Anyway, have a good night, I'm bowing out of this thread. I often find on boards that these "discussions" generally turn into circle jerks, and I don't fancy that tonight.

So you consider yourself privileged?

No, this isn't some circle jerk.

You just started out calling having paid off a mortgage an "extreme privilege" and didn't back down.

"An advantage to a person or group" not the norm in everyday socity so

Well yeah I suppose so.
Some people are just privileged 🤣

In 2022, the average disposable income of the households in the top decile was 3,053 per week.

Are you clear on how disposable income is defined?

Please see the table below.

Top decile per week, on average, all at household level

Wages = 3,133

Total gross market income = 5,048

plus social transfers = 156 per week

less direct taxes = 2,151 per week, God Bless these people, they are keeping the country going

That leaves disposable income of 3,053 per week, which is then either spent or saved.

I would understand disposable income to be income after bills are paid. Money to dispose of as you will.

Ireland is staggeringly wealthy and relatively expensive.

We're near the top for net take home pay and social welfare payments.

If you pay people more, it has to come from somewhere.

Exclude alcohol and cigarettes and I think we are about 6th or 7th.

The earnings data is not based on a survey of people. It is based on a survey of firms (mean earnings) and on admin data (mean and median earnings)

The income data is based on a survey of households, see below:

Methodology

Rotational Sample Design

In 2022 the SILC sample moved from a 5-year to a 6-year rotational sample, with both a cross-sectional and a longitudinal element. Households interviewed for the first time are Wave 1 households.  Households who are interviewed in subsequent years are Wave 2 households (2nd year in the sample), Wave 3 households (3rd year in the sample), Wave 4 (4th year in the sample), Wave 5 (5th year in the sample), or Wave 6 (6th and final year in the sample). The initial sample design attempts to seed the sample with 20% for each new wave. However, due to non-response and sample attrition the waves are not evenly balanced in the sample with Wave 1 households usually tending to dominate.

Response Rates

The overall response rate for the SILC survey in 2023 was 36.9%.  The response rate is heavily influenced by the Wave 1 response rate which was 23.9% in 2023.  The response rates tend to be a lot higher for Wave 2-6 households and in 2023 the response rate for Wave 2-6 households was 59.2%.

Sample design

In 2022 a new sampling methodology (which was further refined in 2023) was introduced to ensure SILC will be able to meet the precision requirements specified in the IESS regulation. Waves 1 and 2 of the SILC 2023 sample were selected using this methodology. In SILC 2023 Wave 3, 4, 5 and 6 comes from the 2018 sampling frame.

The following is a brief overview of the revised SILC sample methodology, from which Wave 1 of SILC 2023 was selected:

• The SILC sample is a Stratified Simple Random Sample (SSRS).
• The sample is stratified by county and 10 equivalised income bands.
• Households were selected using probability proportional to size (PPS) of each strata.
• The sampling frame is the 2016 Census, excluding households previously sampled for other social surveys.
• Including longitudinal cases (waves -2-6), 12,000 households were selected for interview.

The Wave 1 sample methodology for SILC in 2022 was the same as the method used in 2023 with the following exception. In 2023, households were selected using probability proportional to size (PPS) of each strata. In 2022 households were selected using Neyman allocation. This involved allocating the sample across the strata according to the variability of income, where strata with large variance were allocated more of the sample.

The following is a brief overview of the 2014 SILC sample methodology, from which Waves 3-6 of SILC 2023 were selected:

• The SILC sample is a multi-stage cluster sample resulting in all households in Ireland having an equal probability of selection.
• The sample is stratified by NUTS4 and quintiles derived from the Pobal HP (Haase and Pratschke) Deprivation Index.
• In the 2018 sample the clusters are based on Census Enumeration Areas, rather than the Household Survey Collection Unit Small Areas used in the 2014 sample.
• A sample of 1,200 blocks (i.e. Census Enumeration Areas, Census 2016) from the total population of blocks is selected.
• Blocks are selected using probability proportional to size (PPS), where the size of the block is determined by the number of occupied households on Census night 2016. 100 households from each block are selected at random to be retained for selection within each block.
• All occupied households on Census night 2016 within each block are eligible for selection in the SILC sample.
• Households within blocks are selected using simple random sampling without replacement (SRS) for inclusion in the survey sample.

I'm not sure about another recession but there has been a good few people laid off recently that I know from different industries. For example my girlfriend was made redundant last week by an American company based in dublin. The company I work for is going to be letting people go in the near future. Looking like september.

we are working for property owners be that yourself or worse again a landlord and to keep those property prices high

Lads this debate really is all about the state of property ownership in the country. When you think that the banks or central bank won't take into account the fact the people are paying colossal rents when it comes to mortgage applications it's disgusting. All they are doing is propping up the sector by keeping as many in it as possible. It's disgraceful that someone can pay 2k per month rent but the bank won't give them a mortgage for 1100 or 1200. That's just completely wrong.