Ireland’s wealth distribution among worst in OECD

A new study has reportedly found that the level of wealth distribution in Ireland is among the lowest in the Organisation for Economic Co-operation and Development (OECD).

Reports this morning say the OECD has ranked Ireland 27th out of its 30 member countries when it comes to so-called "social transfers".

Social transfers are the redistributions of wealth to poorer sections of society through social welfare or pension payments.

This morning's reports say the percentage of transfers in Ireland is 15.8%, compared to 31.3% in Sweden, where the level of transfers is highest.