Cliff Taylor: Irish economy is screwing young people
Even with jobs, youth caught in backwash of collapse and recovery with house prices
Rising rents and property prices are a double whammy for younger age groups and there is a real danger this is going to get worse before it starts to get better. Photograph: Frank Miller
Are younger people getting screwed in Ireland? The short answer is yes. The long answer is yes as well, though as with most things there are twists and turns in the story. If you have the right qualifications, for example, Ireland is now a great place to be looking for a job. But rising rents and property prices are a double whammy for younger age groups and there is a real danger that this is going to get a good deal worse before it starts to get better.
Is this all just part of the normal financial lifecycle? Didn’t we all struggle to buy our houses? There was a furore last year when an Australian commentator, Bernard Salt, suggested that if young people stopped going to hip coffee shops and buying expensive breakfasts – he famously instanced smashed avocado with crumbled feta on five-grain toasted bread at $22 – then they could afford to save for houses.