Are things really this bad in Ireland?

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is mise lisa

i think things will probably get worse. I myself know what your going through. My father lost his job this year and we have little if not any income. We have assets but that's nearly worse because we have nine mortgages to pay off!! I'm going to college next year and i don't even know if i'm going to be able to afford it especially with the fees if the're introduced! I appreciate your situation but be strong and you'll get through it.

agooddub

I was a married man with a wife and 1 young child and a mortgage in the 1980's. It was rough, but besides that we owed nothing else. In those days we saved up to buy anything we needed. I rented a TV, had no dishwasher or washing machine, so when the recession hit, we had nothing to loose. Luckily I kept my job but paid 48% tax and 7% pension and 8% PRSI, so my take home pay was miserable. Over the next 30 years thing improved slowly until I retired in 2003.
Two years ago we put our first nest egg, both our SSSA's, into a BoI Evergreen Account, and agreed to continue saving the same amount ever since.
In December 2008, a Statement landed on the mat, telling us that our investment was worth less than 50% of the amount we had invested.
No explanation, no reason, except a line at the bottom which said that " Investments may go down as well as up "
It is no consolation to you, but personally, I think things are going to get worse before it will get better.

sugarlump

The situation is grim everywhere.
People losing their jobs and homes.
I really appreciate that perhaps Â£5k is a lot to be in debt but others have much much bigger debt than that.
We all have to just get through this the best we can

Orla C

There are other people like this, don't worry.

During the 1980s my parents had a farm and lots of assets on paper, but my mother could only buy herself one pair of tights a year. And they couldn't write any cheques for about a year either, things were tight. But we got through it, and it taught me to live frugally.

You'll get through this too, don't worry.

Eddie F

Things are looking very grim at the moment, the 80's won't be a patch on this one I think.

Kris......

Yes it is bad everywhere.

Puzzledirishgirl

Things will get a lot worse before they get better.

I understand you can't get social welfare and its a disgrace. My friend (Its a long story) broke her leg in the summer but as she was a sole trader hasn't received one cent since around August. She has no job still.

I have a job, wont lose it but now I stand to lose another 160 euro a month, along with the pension, levy, and tax. The tax will go up this year, probably by May or June. I am so annoyed as they haven't ditched the junior minsters, the TDs had the cheek to try and get a pay rise (they're not getting it now) and wont give themselves another pay cut. They don't care!

I guess everyone has a story of their own to tell. But at some point things will improve.

greenorlagh

sounds pretty tough out there for you. sorry to hear it BUT everywhere is going through a tough time - tho not as bad as you. Global recession etc I guess.

Good luck with the future.

gaspipe

the situation is bad everywere but other counrys are handling it alot better because there governments arent as selfish as ours!,iv nearly lost count of how many people iv haerd of emmigrating or talking about emmigrating to england and the u s because this country is just far to expensive to live in!

Draw the dole of course

spazzy

do you watch the news theres a global rescission at the moment

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