Diminishing disposable income in Ireland could soon affect share prices, as consumers spend less money in the private sector. Inflation beating increases in items such as alcohol and health insurance, combined with a raft of new government taxes has meant that the Irish public has less to spend than ever.
A recent survey found that half the population have less than €100 in disposable income left each month after essential bills have been paid. With so little disposable income available, there’s little left for spending in the economy, which in turn is bad for businesses, small and big.
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