Unsecured Personal Loans
February 23, 2019

Poverty is a threatening and prevalent issue, which is affecting the lives of millions of people in Ireland. According to statistical analysis, there are thousands of people who have limited means and are living way below poverty. To add to that, a majority of the Irish population is at risk of poverty. Thousands of children are not able to get the nutrition they require and grow up in consistent poverty.

Let’s start the discussion

A significant number of people in Ireland are dependent on Unsecured Personal Loans. Despite being a rich country, Ireland’s population has been facing this issue for a while now. Issues such as poverty are majorly disregarded by the government and pushed down the political agenda. The discouraging portrayal of this issue by the media undermines all the efforts put towards this issue. Moreover, there are several misunderstandings involved with them. One of the most influential portrayals includes the fact that authorities blame the poor for getting stuck in the situation in the first place. The real circumstances, however, are significantly different. People who are living in poverty are not in these circumstances because of their bad choices but because they are unable to get access to these resources.

To understand this issue, firstly, you must understand why these people are classified as poor. Resources of any kind, financial or otherwise allow people to make their own decisions. Whether its education or investing in a new venture, resources give you the free will to do as you please and have access to everything that you want. Now, imagine not having enough money to afford to send your kids to a good school or not being able to pay the loans or being constrained by a budget.

Another measure to measure poverty is deprivation. Countless people in Ireland are forced to go without basic necessities such as healthy food, nutrition, proper education, housing and much more. During Inflation, these people have to give up a lot of these essentials. This will help you understand the scale of the issue. It is exhausting and tiring to make a living. It is a struggle to have to pay endless bills and an array of mortgages. Poverty is a lot more than simply making bad decisions, it is not having the resources to afford the most basic necessities such as food and shelter. Furthermore, the savings of these people get used when a door needs repair or they need money in case of an emergency. More often, even necessities are sacrificed to pay for sudden emergencies. Usually, the interest rates of loans are higher since poor people have limited means and lack of collateral.

Impacts of Poverty

The impact that poverty has, is even more drastic. Researchers have claimed that poverty takes the biggest toll on children’s health and welfare. As an outcome, children are often weak physically and mentally and lack the necessary skills. This determines their later life circumstances, be it the job they score and the educational opportunities that they can seize. Because they are not taught very well, they do not bag high-paying jobs.

A lot of it has to do with Ireland’s recession, the effects of which are still lasting on the well-being and comfort of the citizens. The poverty rate has increased consistently leaving many citizens without the money to purchase basic necessities. It is a huge reason why Ireland lacks the ability to provide for the upcoming generation.

It is imperative for the Government to focus on the current policies, which help individuals to access proper healthcare, education, housing and other facilities. The barriers, which prevent people from getting access to such basic necessities, should be eliminated. The lack of affordable housing and education facilities, unemployment or underemployment is some barriers, which must be addressed.

Economic models of the country should essentially help in promoting equality. Those who can’t work because of their physical disabilities must be given a nominal amount or living wage so that they can live with dignity. This would help in improving the living standard for every citizen and in turn, lead to economic growth of the country. It is vital to know the situation of those who are poor and understanding their perspective of the situation. Insufficient pay or underemployment plays a huge role. A big share of Ireland’s national income goes to the wealthier and affluent people while a low share goes to those who belong to working to the low class. Weak labour protection contributes to this cause. Even though the Government has taken the necessary steps by providing payments to those who were struggling, there is still a long way to go. Despite being the fastest growing economy and one of the richest and most developed countries, Ireland is facing some major challenges. Overall, new policies must focus on the poorer, struggling households and those who lie at the bottom of the income distribution. Jobs should be made available so that citizens depending on aid can slowly start making a living on their own.

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