Coronavirus business News Coronavirus

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

www.rte.ie

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.

Read more on rte.ie
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News