Monday, July 09, 2012

Dirty Old Town

IRISH PEOPLE’S finances are continuing to deteriorate with the number who say they have less than €25 to spend each week once all essential bills have been paid increasing sharply over the last three months, according to research published by the Irish League of Credit Unions (ILCU). What’s Left tracker survey of the year found that 1.82 million adults say they have less than €100 a month to spend after bills are paid. This compares with a figure of 1.64 million it recorded in April.
I'm not a Very Smart Economist, but I'm a bit flummoxed as to how people with less than 25 euro a week are supposed to stimulate demand. Maybe they should be fired more.