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Income supports 'significantly' mitigated impact of Covid on incomes - research

Joint research by the Central Bank and the Central Statistics Office has found that without the PUP and wage subsidies, household incomes would have fallen by 20% in the second three months of last year due to Covid-19.

The research finds that with the support of the PUP and wage subsidies, median gross household income fell by 1.7% in the months from April to June compared to the same period in 2019.

Incomes actually rose by 3% in the months from July to September. Income supports were found to be most beneficial to lower income households.

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