More than 25% of teachers in negative equity

MORE than one-in-four teachers with a mortgage are in negative equity, according to a survey of teachers.

The financial pressures facing particularly the younger members of the profession will be among the key themes at the annual conferences of the three main teacher unions this week.

The Irish National Teachers’ Organisation (INTO), whose annual congress opens in Galway this evening, surveyed almost 350 members about their financial circumstances and found almost two-thirds are stressed by money worries.