Almost 70 percent (69.9 percent) of 25-year-olds surveyed in the Central Statistics Office (CSO) Growing Up in Ireland Survey reported living in their family home. Among them, 62.4 percent cited financial reasons as the primary factor for staying, reports Breaking News.
The proportion of 25-year-olds residing at home reached as high as 82.4 percent in the Mid-East region, which includes Kildare, Louth, Meath, and Wicklow.
Among those who were employed, 69.5 percent continued living with their parents. For 25-year-olds who had moved out, 71.7 percent remained in the same region where they had lived at age nine, reports Breaking News.
Since this study was conducted, one in eight 25-year-olds has emigrated. Among survey participants, only 3.8 percent were homeowners.
This research on the financial situation of 25-year-olds in Ireland revealed that 85 percent were in regular employment, earning a median weekly income of €558.
A gender pay gap was already evident, with men earning €589 per week compared to €525 for women, reports Breaking News.
Sixty percent of respondents had obtained a university degree or an equivalent qualification. Degree holders earned an average of €613 per week, while those without a qualification earned €487.
Women without a degree earned €154 less per week than their degree-holding counterparts, while men without a degree earned €79 less per week than men with higher qualifications.
When asked about social issues, housing was the top concern, followed closely by poverty, with just over 94 percent of 25-year-olds expressing concern about poverty in Ireland, reports Breaking News.
Among respondents, 24.5 percent of women and 14.5 percent of men reported skipping meals due to financial difficulties.
Regarding savings habits, 76.9 percent of men said they saved regularly, compared to 69.6 percent of women.
Income levels played a role in savings behavior, with 86.5 percent of the top 20 percent of earners saving consistently, compared to 66.7 percent of the lowest 20 percent, reports Breaking News.
In 2023, 44.3 percent of 25-year-olds contributed to a pension.
Among respondents, 58.5 percent were in a romantic relationship, with 12.1 percent either engaged or married.
Of those in relationships, 28.4 percent were living with their partners, reports Breaking News.
Only 5.6 percent of individuals born in 1998 reported having children.
In terms of health, 89.1 percent of respondents rated their health as good to excellent, yet 25 percent had been diagnosed with depression or anxiety.
Thirty-nine percent engaged in drinking behaviors classified as hazardous by the World Health Organization (WHO), but the majority did not smoke or vape, reports Breaking News.
21.4 percent of respondents admitted to trying cocaine at least once in the previous year.
Among men, 67.9 percent reported engaging in at least 30 minutes of vigorous-intensity exercise in the week before the survey, compared to 49.2 percent of women, reports Breaking News.
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