One in three are struggling to make ends meet

12.5% admit they would only be able to keep paying the bills for a month in the event of an 'income shock', according to new report

Irish inflation has since cooled to 5% since the report was conducted. Picture: Denis Minihane

A third of the population are "just getting by" financially, while 12% admit they would only be able to cover their costs for a month if hit by an "income shock", according to a new report.

The Competition and Consumer Protection Commission (CCPC) study has highlighted “deep concern” about the country's wealth gap, which has widened as cost pressures bite.