Are you under 40, unable to buy a home, and affected by high rents and flat-lined salaries?

Reader callout: Share your experience and suggestions for solutions to these issues

Earnings for workers in their 20s have flat-lined which, in real terms, means they are earning less than they did in the 1990s and 2000s. Photograph: iStock

Earnings for workers in their 20s have flat-lined which, in real terms, means they are earning less than they did in the 1990s and 2000s. Photograph: iStock

 

Millennials in their 20s and 30s are likely to be the first generation in Ireland to have lower living standards than the previous one, research has found.

Earnings for workers in their 20s have flat-lined which, in real terms, means they are earning less than they did in the 1990s and 2000s, according to the Economic and Social Research Institute (ESRI).

Rapidly rising rents are compounding this situation and home ownership rates for people in this age group have also collapsed.

Are you under 40 and unable to buy a home, and affected by high rents and stagnating salaries?

More than 60 per cent of people born in the 1960s lived in a home they or their partner owned by age 30, but this has fallen to 39 per cent for those born in the 1970s and 32 per cent for those born in the early 1980s.

So, are you under 40 and affected by high rents, an inability to buy a home or stagnant salaries? If so please share your experience with us.

We would also like to hear your suggested to solutions to these issues.

Click here if you are reading this on the app and would like to submit information

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