Disposable income continues to drop

DISPOSABLE incomes in Kilkenny are amongst the lowest in the country according to figures released by the Central Statistics Office this week.

DISPOSABLE incomes in Kilkenny are amongst the lowest in the country according to figures released by the Central Statistics Office this week.

The Income and Living Conditions Report states that the average disposable income for people living in Kilkenny in 2010 was €17,278.

This was a drop of over €1500 when compared to the previous year where the average disposable income was recorded at €21,462.

Disposable incomes in Kilkenny have continued to drop since their all time high of €21,344 in 2007.

After taxes are paid the average amount left in people’s wallets is €19,319, well below the average disposable income in Kilkenny.

The report shows that 7% of the population live in consistent poverty, up from 4.2% in 2008. The most common types of deprivation were not having the money to replace worn out furniture (21.7%), followed by being unable to afford a night out (21%), unable to have friends over for a meal or a drink (14.8%) and unable to afford home heating (12.2%).