Poorest 10% of people have seen household income fall in recent years, research shows

The lead author of the report said: 'Ongoing high rates of inflation are likely to further erode incomes.'

Research suggest that this ongoing inflationary episode will further erode incomes, with nominal increases of at least 7% per year needed in 2022 and 2023 to avoid incomes stagnating. 

Adjusted for inflation, household income for the bottom 10% of earners fell in the years 2020 and 2021 while income growth stalled for most people in the bottom half of earners, new research shows.

The research was conducted by the Economic and Social Research Institute and funded by Community Foundation Ireland. It found that measures of inequality have actually increased in recent years after dropping to the lowest levels recorded in 2020.