Pandemic blues: Is the worst yet to come financially?

Households are in good financial shape but businesses face challenges when State supports end

A deserted Grafton Street during the pandemic. Photograph: Gareth Chaney/Collins

A deserted Grafton Street during the pandemic. Photograph: Gareth Chaney/Collins

It has had an impact like no other. Hundreds of thousands of people have been out of work for some time, many since March 2020. Hotels are closed, hairdressers shut, construction sites abandoned, planes grounded; and yet, Irish households have – thus far at least – largely weathered the storm.

Property prices continue to rise, incomes have fallen but not by much and, not only that, we’re saving more than ever before.

The Irish Times
Please subscribe or sign in to continue reading.
The Irish Times

How can I keep reading?

You’ve reached an article that is only available to Irish Times subscribers.

Subscribe today and get the full picture for just €1 for the first month.

Subscribe No obligation, cancel any time.