Stagnant wages and expensive housing leave young people in Ireland worse off than parents

ESRI study suggests millennials first generation with lower living standards than before

Updated: Tue, May 11, 2021, 07:03
Eoin Burke-Kennedy
The situation for young people in the labour market is compounded by higher housing costs fuelled ‘by rapidly rising rents’, according to the research

The situation for young people in the labour market is compounded by higher housing costs fuelled ‘by rapidly rising rents’, according to the research

A combination of stagnant wages and higher housing costs have left young workers in Ireland financially worse off than their parents, according to a study by the Economic and Social Research Institute (ESRI).

The research found that earnings have flat-lined for young people entering the Irish labour market and that workers in their 20s are – in real terms – earning less than they did in the 1990s and 2000s.

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