With less than 1 week before the 2025 Budget, 24% of adults in Ireland expect to be worse off financially while 30% expect to be better off.
Even after suggestions by Government Ministers that adults in Ireland would be better off by as much as €1,000, nearly half (46%) of adults expect there to be no change after the budget announcement next week.
• Of those expecting an increase in their finances, the average amount adults expect to be better off by is €534.15.
• Of those expecting a reduction in their finances, the average amount adults expect to be worse off by is €568.84.
• According to 1,000 respondents, improving the Health Sector is the top challenge that needs to be addressed in the upcoming Budget.
• A recent nationwide survey by iReach Insights showed that Increased tax credits or reduced VAT levels is the second most important concern followed by improved social protection package in parallel to ‘Tax breaks’ for those not in employment.
• 32% of respondents think the housing crisis will get worse in the year ahead with potential Budget 2025 changes. Of these 12% feel it will get much worse.
• 43% think there will be no change in improvement. However, 26% think the housing crisis will improve with the Budget 2025 changes. Of these 2% think it will improve a lot.
• More than 1 in 3 adults (40%) think the homelessness crisis will get worse in the year ahead with potential Budget 2025 changes. Of these 15% think it will get much worse.
• 41% think there will be no change in improvement. However, 19% of adults think the homelessness crisis will improve in the year ahead. Of these 3% think it will improve a lot.
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About iReach Insights
iReach Insights provides a range of research and market intelligence services in Ireland and Europe. iReach has built a Consumer Decisions Research Panel of 40,000 members in Ireland, delivering robust research insights. The survey questions were included in the Nationally Representative iReach Consumer Decisions Omnibus run between the 19th to the 26th of September and has a 3% Confidence Interval and 95% Confidence Level. 1,000 adults took part in this part of the twice monthly iReach Consumer Omnibus Survey.
Questions asked of adults nationwide:
Q1. Do you expect to be better off financially with the expected Irish Government Budget announcement on the 1st October?
Q2. Do you think the housing crisis will improve in the year ahead with potential Budget 2025 changes?
Q3. Do you think the homelessness crisis will improve in the year ahead with potential Budget 2025 changes?
Q4. From the list of challenges facing Irish citizens, which are the Top 3 that are most important for the Government to address in the upcoming Budget?
