David McWilliams: In Ireland, the old get richer and the young grow poorer

Inheriting wealth is not meritocratic, but in Ireland it’s still the quickest way to get rich

Getting  a leg up: What is good for the individual is not always good for the collective. Photograph: Getty

Getting a leg up: What is good for the individual is not always good for the collective. Photograph: Getty

If house prices are rising by 12 per cent per year yet wages are only rising by about a quarter of that rate, who is winning? Who gains and who loses from this disparity between house prices and wages?

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