Living from hand to mouth July 10, 2012Posted by irishelectionliterature in Capitalism, Inequality.
I’m an Ulster Bank customer and naturally I’ve been on the phone or in the branch over delayed wages. (Luckily the Mortgage is with them so they couldn’t take it out.)
An aspect of the Ulster Bank crisis that hasn’t garnered that much attention was how it also revealed the vast numbers of people barely surviving financially from month to month. The panic that any delay in wages caused people. The knock on effect to the direct debits for everything from Mortgage repayments to childcare. How structured many peoples finances were by necessity. How little wriggle room people have financially.
This of course is reflected in the Irish League of Credit Unions’ ‘What’s Left?’ survey
The survey is quoted in todays Irish Independent under the headline
“Harsh reality of austerity: 1.8m have less than €100 left each month” (When did the Indo start talking about Austerity?)
MORE than 1.8 million people are struggling to survive on €100 or less a month after bills are paid, a study showed.
Four out of 10 adults have borrowed to pay a household bill in the last year, with the most desperate 10pc using a moneylender, it revealed.
The Campaign Against Household and Water Charges also had an article on the survey
Where they stated that
The Irish League of Credit Unions’ ‘What’s Left?’ survey showed that 602,000 people have absolutely nothing left when they pay their bills, that half of households struggle to pay their bills on time and that 40% of households have had to borrow to pay their bills over the last 12 months.
In this context, how does the government possibly believe that it can impose property and water taxes which will amount to over €1,000 per household? People’s incomes have been slashed by a combination of austerity measures and stealth taxes. They have had enough and cannot take the imposition of any more financial pain.
The survey makes sad reading. The stress people are under is immense…. and things don’t appear to be improving.