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7 years ago

Cost of Living for Retirees

7 years ago
http://www.irishcentral.com/opinion/others/forget-the-blarney-what-it-actually-costs-to-live-to-ireland

Fascinating reprinted article from Irish Central reporting on the cost of living in Ireland. Equally fascinating discussion among readers.

We could argue all day about the low/high cost of living in Ireland compared to other countries. But for Stamp 0 applicants, it seems clear that the cost of living in Ireland for a retiree or retired couple is far far less than the €50,000 per person or €100,000 per couple required by INIS.

Two detailed examples are given, both from a family of 4 - two working parents with two dependent children.

Deducting the costs of a mortgage (retirees do not qualify for a mortgage in Ireland) and child care costs (retirees have no dependent children), the two examples show annual living expenses of €18,690 and €11,516, respectively for a family of four people.

We can also argue all day long if these living expenses are representative and I know they exclude the extra costs of private healthcare insurance and rental of a home (but include the costs of kids clothing, an extra car and commuting to work) but come on, €50,000 per person and €100,000 per couple is crazy anyway you look at it. Can anyone disagree? If you do, can you show some alternative calculations?

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