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THE CENTRAL BANK of Ireland has published a technical paper today which notes that young people will face significantly more challenges building a retirement fund than previous generations.
The paper, Wealth Accumulation and Inter-generational Inequality with Inverted Population Pyramids, notes that demographic changes mean many developed economies are transitioning to an inverted population pyramid – a greater number of older people than younger people.
It adds that demographic changes have led to a build-up in wealth among older generations, and a decline in rates of return.
Younger generations therefore face significant challenges in building up sufficient wealth to fund their retirement.
As a result, future retirees are likely to face progressively lower standards of living at retirement than previous generations.
This in turn may be exacerbated by the need to fund a longer retirement due to increased life expectancies.
Yesterday the government was warned that Budget 2023 should be a “delicate balancing act” between protecting people who are most vulnerable to rising living costs and fuelling further inflation.
Sebastian Barnes, chairperson of the Irish Fiscal Advisory Council, said long standing gaps in policy need to be addressed.
“A long-term policy to make the pension system sustainable is required, but keeping the pension age at 66 will add to the costs. Using the Rainy Day Fund or creating a new National Pension Reserve Fund would help to save excess corporation tax receipts and prepare for the future,” Barnes concluded.
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well as long as DOB doesn’t get it,
He may be a friend of DOB, some digging needs to be to be done on this,and not the water meter kind.
Guess who does all the UPC installations
Do you have Sky or UPC. Doesn’t make a difference actually becuase they work for both company’s along with the ESB. Does this mean now that you are going to cut off your electricity becuase of the dreaded Dennis O Briens company works for them.
What’s your point Henry? The man has got his fingers stuck in as many pies as possible. He was deemed corrupt by the Moriarty Tribunal. We are entitled to shout “Stop”.
If Liberty want to buy it, it has to be passed by the regulator but if DOB Wants to buy it, it doesn’t ??
Where does it say that it doesn’t have to be passed to the regulator if INM buys it? Surely that would be MORE likely to happen given INM already own such a large array of media outlets?
They bought Tv3 for 265m in 2006. 265 million. LoL.
upc has to have the worst customer service I have ever encountered. they might as well just call over and slap you in tbe face. between 9 and 1 and 1 a d 6 of course
I am sure Denis O’Brien will get first shout as is normal when doing business in Ireland.
Anyone but Dob
all assets should be seized from d o Brien, and he should be banned from this country.
Hope this is the case as DOB also has his eyes set on tv3 also reports are saying
It pays to read the whole article before commenting…
“Meanwhile, Independent News and Media (INM), in which billionaire Denis O’Brien is the biggest shareholder, has also been flagged as a possible TV3 buyer after the company said it planned to spend up to €100 million on acquisitions.
However the media company has since described the move as “highly unlikely” and added there hadn’t been any talks between INM and TV3′s owners.”
If INM have €100m to spend and TV3 was worth €265m in 2006, it seems unlikely they’d be able to afford it?
I can proudly say, I don’t watch anything on that awful channel. TV at its absolute worst.
It’s better than utv
Only slightly. Utv Ireland is terrible though.
Denis O Brien already has too much power
John Malone is as bad as DOB! Why the sudden interest in tv3 you may ask? It’s the only tv station that is not run with a hidden agenda and is not controlled by the powers to be! The main reason TV3 is wanted is because of Vincent Browne! He is outspoken has no axe to grind and puts irish politicians through their paces! The rest of the media are just a front for the government and the powers to be to tell the people only what they need to hear and hide the reality of what is really going on! As I said JM and DOB are of the same breed! Nuff said!!
surely DOB shouldn’t be allowed to acquire this … narrowing competition etc.
I hope Donald Trump buys it, fires Vincent brown an replaces him with a syndication of Glenn Beck’s show.
Vincent Browne is the single best thing about TV3. He’s rare in Irish journalism in that he treats politicians of all parties (and none) in the same manner.
trump tv. it will just be about barac obama and weather he is an american citizen. right wing news glenn beck the guy who tries to legitimise the war on Palestine. no thank you between thegun loving texas ranger and the zionist. jesus they would do your head in give me Vincent Brown any day of the week no hidden agenda.
Dreadful TV station. Either that or the programmes are not aimed at my geographic. Most people I know don’t watch TV anyway. They are all over the Internet. The television era is coming to an end. The golden age has been way behind us for some time now. All things must pass.
Sell it might get soaps in HD
That sentence makes no sense!
TV3? …is that still on – air? ?
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