St Vincent de Paul appeal: The new poor are still with us

However, a rising tide does not necessarily lift all boats, and there is a danger that we could be seeing a sizeable group of people left behind in the recovery. Many are the so-called ‘new poor’, hitherto middle-class individuals who worked hard to buy their own homes and are now overwhelmed by debt while trying to pay big mortgages on low incomes.
The Society of St Vincent de Paul, which launched its annual appeal yesterday, reveals that hundreds of thousands of people are still seeking its help and the numbers involved has doubled in the past five years. Calls for assistance to SVP show no sign of dropping significantly, and calls are up more than 100% on 2009. “Despite the fact that the economic indicators are showing that things are better and we are glad to see that, there is still a spirit of helplessness among many people,” Tom MacSweeney, SVP vice president, told RTÉ.