Lower-income households hit harder by inflation

Typical smoked salmon socialist click-bait from the Irish Times. The standard of their reporting really has deteriorated in recent years. They remind me of Aer Lingus; they are the same as Ryan Air but have pretentions of grandeur. The IT is the same as the Irish Independent but thinks it's the Guardian.
 
So it won't affect Irish Times readers then? Schadenfreude is it?
Or maybe many of its readers are now in fixed income pension stage of life and might have to cut back on non essentials like... The Irish Times?Caus
 
odyssey06 said:
So it won't affect Irish Times readers then? Schadenfreude is it?
Or maybe many of its readers are now in fixed income pension stage of life and might have to cut back on non essentials like... The Irish Times?Caus
Click to expand...
My issue with the headline is that it's just stating the bleedin' obvious. They may as well run an article stating that rain will make things wet.

The good news is that the pensioners are the richest demographic in the country, by far. They are the least likely to be impacted by the inevitable recession heading our way.
 
Purple said:
My issue with the headline is that it's just stating the bleedin' obvious. They may as well run an article stating that rain will make things wet.
Click to expand...

Mine too. Let's assume that two neighbours are living in identical houses. One house has a family income of €150,000 per year. The other gets by on Social Welfare assistance. Both houses cost broadly the same for electricity and heating. Irish Times readers only - which household will be hit harder by a steep increase in the cost of heating and electricity?
 
Dave Vanian said:
Mine too. Let's assume that two neighbours are living in identical houses. One house has a family income of €150,000 per year. The other gets by on Social Welfare assistance. Both houses cost broadly the same for electricity and heating. Irish Times readers only - which household will be hit harder by a steep increase in the cost of heating and electricity?
Click to expand...
If the house getting by on welfare assistance is getting HAPS and the family with an income of €150,000 per year is headed by a single parent and they have a €500k mortgage then there will be surprisingly little difference in their net income. If the household on welfare has a spare room that they can rent out the gap will be even smaller.
 
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