Why Irish 20-somethings have it so tough financially

A guide to the financial issues facing young people and what they can do about them

It has become much more difficult for today’s 20-somethings to buy their first home.

It has become much more difficult for today’s 20-somethings to buy their first home.

“Generation rent”, the “lost generation”, or wasters who throw away their money on avocado toast: accurate descriptions of today’s 20-somethings or media hyperbole? The truth, perhaps, is somewhere in between.

Eoin Magee, a financial adviser with Prosperous Financial Planning, has buckets of sympathy for this age cohort. “I’d say people in their 20s have been dealt the worst cards possible,” he says, “It’s a very difficult environment to be starting out your life in.”

The Irish Times
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