Yep. So much money in Ireland these days €100k a year not what it was
Financial planner Patrick McGettigan estimates that a family with three children in south Dublin now needs a combined income of €200,000 a year to live a middle-class life.
That figure assumes they have a mortgage of €3,000 to €4,000 a month and send their children to private schools – a long-standing tradition in south Dublin.
Since when is sending your kids to a private school in south dublin a middle class tradition lol
Who can afford three children, these days
Never mind private school – those three children might need crèche which is a much more expensive thing. Private schools are cheap in comparison!
If you can avoid peer pressure you’ll be amazed how far €100,000 goes. I make a bit more than that and save around €5,000 a month between my pension, short term investments and shorter term savings.
But yeah, if you have to maintain expensive status things, then sure, it’s harder.
Lads have a whip round and give me €100k and I’ll test it and report back.
I get give or take, it works out at about with expenses 140,000 a year and I pay 30.3% tax on that, so it’s about a net 100,000 and out of that 100,000 I run a home in Dublin, Castlebar and Brussels. I wanna tell you something, try it sometime…
But have you seen the youth employment rate, we are doing so well, why wouldn’t prices be high, more money in the economy means more people want that money, it’s great lads.
100k is great if you are single…
Working processing loans for one of Irelands banks, I can tell you that some people make it work and others can’t, sometimes you will speak to someone who is earning 100k and have a good chunk of savings and others will have nothing to show for it, kids play a big factor but most of them with nothing to show have way too much borrowing, like car finances out (paying a small fortune a month for something you will never own), people living above their means us the biggest factor.
100k a year is not a lot really nowadays
There’s no such thing as the middle class.
There’s the working class and there’s the capital class who own everything
Surely they are taking a piss calling the lifestyle they describe ‘middle class’. What middle class person has a 4000 euro/month mortgage? Won’t someone think of all the poor middle class people living in south Dub mansions!? With this economy, little Oisin might not get that Audi that he so wanted for his 18th birthday!
Is the mortgage figure given of 3-4k per month reflective of people’s reality? Seems very high to me.
Would be very few people in Northern Ireland with that kind of money. Talking rich not just middle class.
I will like to drink in the shadows and watch Netflix, how many funds do I need ?
Can leave this class nonsense to the British please. Income brackets, that’s all you need. Unless you want to debate where the need to read Leinster school boys rugby coverage leaves you.
So the problem with these numbers is they’re always skewed by certain areas of South Dublin. 3-4k mortgage is insane
The major part of this article that people are overlooking here – and I have my suspicions as to why, judging by r/ireland’s tradition of misogyny – is that this article hints at the requirement for households to shift towards two high-earners rather than one high-earner and/or two middle-earners.
This has a compounding effect on prices. If the basic requirement is now two doctors rather than one doctor plus spouse, then house-prices, etc, will jump even higher.
Christ, what are the rest of us peasants meant to do?
I don’t think anyone with three kids and the ability to send them to private school is middle-class. This misrepresentation causes people to spend more than their capacity. I feel these media and newspapers get money from builders to write these kinds of articles so that they can keep increasing prices.
Some of the comments in this thread are absolutely insane lol
And meanwhile the median income in the country is €43,000. FF, FG and the Greens in government has absolutely fucked the country.
The mortgage on a three bed brand new house is approx €2,500 a month. €500 for every 100k. This article is no where near reality. Most families tend to have a median number of two kids per household. I tend to agree with other redditors, this is all nonsense from upper class playing down privilege.
> are you middle class if you earn €30,000 – but your parents read to you as a child, you have a PhD, you go to the theatre and enjoy it, and have never eaten chicken nuggets or been on a package holiday to Salou?
What is this drivel?
> Financial planner Patrick McGettigan estimates that a family with three children in south Dublin now needs a combined income of €200,000 a year to live a middle-class life.
> That figure assumes they have a mortgage of €3,000 to €4,000 a month and send their children to private schools – a long-standing tradition in south Dublin.
>**That kind of income would place such families among the country’s elite earners; just 4.3pc of households earned at least €200,000 in 2022, according to the CSO.**
At least we finally get a definition for the squeezed middle. Everyone up to the top 4.3% of households by income.
Very simple, prices for everything have shot up in the last 5 years, wages haven’t
Well, now I am glad I’m in North Dublin. Fewer notions, more life.
The ‘middle class’ is a creation that puts a layer between the haves and have nots by virtue of being a group who have something’s.
And that divide is shrinking as wealth inequality continues to grow. This particular era of western capitalism harkens back to the industrial level where the wealthy got richer as the poor got poorer. What were seeing now is what would be mid middle class and below becoming significantly less well off
I earn an ok wage (52k) and I am far from wealthy. I am privileged to own a house (paying it off) and can support my wife and son. But anything that upsets the apple cart has us scrambling.
Absolutely hilarious article. Apparently 4000€ a month mortgages and private school educated children is middle class
30 comments
Yep. So much money in Ireland these days €100k a year not what it was
Financial planner Patrick McGettigan estimates that a family with three children in south Dublin now needs a combined income of €200,000 a year to live a middle-class life.
That figure assumes they have a mortgage of €3,000 to €4,000 a month and send their children to private schools – a long-standing tradition in south Dublin.
Since when is sending your kids to a private school in south dublin a middle class tradition lol
Who can afford three children, these days
Never mind private school – those three children might need crèche which is a much more expensive thing. Private schools are cheap in comparison!
If you can avoid peer pressure you’ll be amazed how far €100,000 goes. I make a bit more than that and save around €5,000 a month between my pension, short term investments and shorter term savings.
But yeah, if you have to maintain expensive status things, then sure, it’s harder.
Lads have a whip round and give me €100k and I’ll test it and report back.
I get give or take, it works out at about with expenses 140,000 a year and I pay 30.3% tax on that, so it’s about a net 100,000 and out of that 100,000 I run a home in Dublin, Castlebar and Brussels. I wanna tell you something, try it sometime…
But have you seen the youth employment rate, we are doing so well, why wouldn’t prices be high, more money in the economy means more people want that money, it’s great lads.
100k is great if you are single…
Working processing loans for one of Irelands banks, I can tell you that some people make it work and others can’t, sometimes you will speak to someone who is earning 100k and have a good chunk of savings and others will have nothing to show for it, kids play a big factor but most of them with nothing to show have way too much borrowing, like car finances out (paying a small fortune a month for something you will never own), people living above their means us the biggest factor.
100k a year is not a lot really nowadays
There’s no such thing as the middle class.
There’s the working class and there’s the capital class who own everything
Surely they are taking a piss calling the lifestyle they describe ‘middle class’. What middle class person has a 4000 euro/month mortgage? Won’t someone think of all the poor middle class people living in south Dub mansions!? With this economy, little Oisin might not get that Audi that he so wanted for his 18th birthday!
Is the mortgage figure given of 3-4k per month reflective of people’s reality? Seems very high to me.
Would be very few people in Northern Ireland with that kind of money. Talking rich not just middle class.
I will like to drink in the shadows and watch Netflix, how many funds do I need ?
Can leave this class nonsense to the British please. Income brackets, that’s all you need. Unless you want to debate where the need to read Leinster school boys rugby coverage leaves you.
So the problem with these numbers is they’re always skewed by certain areas of South Dublin. 3-4k mortgage is insane
The major part of this article that people are overlooking here – and I have my suspicions as to why, judging by r/ireland’s tradition of misogyny – is that this article hints at the requirement for households to shift towards two high-earners rather than one high-earner and/or two middle-earners.
This has a compounding effect on prices. If the basic requirement is now two doctors rather than one doctor plus spouse, then house-prices, etc, will jump even higher.
Christ, what are the rest of us peasants meant to do?
I don’t think anyone with three kids and the ability to send them to private school is middle-class. This misrepresentation causes people to spend more than their capacity. I feel these media and newspapers get money from builders to write these kinds of articles so that they can keep increasing prices.
Some of the comments in this thread are absolutely insane lol
And meanwhile the median income in the country is €43,000. FF, FG and the Greens in government has absolutely fucked the country.
The mortgage on a three bed brand new house is approx €2,500 a month. €500 for every 100k. This article is no where near reality. Most families tend to have a median number of two kids per household. I tend to agree with other redditors, this is all nonsense from upper class playing down privilege.
> are you middle class if you earn €30,000 – but your parents read to you as a child, you have a PhD, you go to the theatre and enjoy it, and have never eaten chicken nuggets or been on a package holiday to Salou?
What is this drivel?
> Financial planner Patrick McGettigan estimates that a family with three children in south Dublin now needs a combined income of €200,000 a year to live a middle-class life.
> That figure assumes they have a mortgage of €3,000 to €4,000 a month and send their children to private schools – a long-standing tradition in south Dublin.
>**That kind of income would place such families among the country’s elite earners; just 4.3pc of households earned at least €200,000 in 2022, according to the CSO.**
At least we finally get a definition for the squeezed middle. Everyone up to the top 4.3% of households by income.
Very simple, prices for everything have shot up in the last 5 years, wages haven’t
Well, now I am glad I’m in North Dublin. Fewer notions, more life.
The ‘middle class’ is a creation that puts a layer between the haves and have nots by virtue of being a group who have something’s.
And that divide is shrinking as wealth inequality continues to grow. This particular era of western capitalism harkens back to the industrial level where the wealthy got richer as the poor got poorer. What were seeing now is what would be mid middle class and below becoming significantly less well off
I earn an ok wage (52k) and I am far from wealthy. I am privileged to own a house (paying it off) and can support my wife and son. But anything that upsets the apple cart has us scrambling.
Absolutely hilarious article. Apparently 4000€ a month mortgages and private school educated children is middle class
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