The Central Statistics Office (CSO) published the results of the 2013 Household Finance and Consumption Survey (HFCS) 2013 today, which was undertaken between March and September 2013. The HFCS collects data on household assets and liabilities, income, consumption and credit constraints. The figures released demonstrate the effects of the overt discrimination and disadvantage experienced by one-parent families in Ireland as a result of Government tactics and policies. This is shameful.
Stuart Duffin, One Family Director of Policy & Programmes, responds: “This is yet more very worrying data on the situation of one-parent families, in particular in terms of their level of savings, assets and also debt, particularly on non-mortgage loans. While lone parent households make up 4.4% of all households covered by the survey, they only account for 0.7% of total net wealth.”
“This is bad news for parents struggling on low and insecure wages, coping with rising living costs and no coordinated supports,” he continues. “Parents are short of the money essential for basics. This impacts on and can define a child’s life; denying opportunities and quality of life which increases the odds of a damaged future and a lifetime of disadvantage.”
This follows closely on and reinforces data from the Survey on Income and Living Conditions (SILC) 2013 published last Wednesday which shows that 63% of one-parent family households in Ireland suffer deprivation, and the lived daily realities of the one-parent families One Family supports.
Read our response to SILC 2013 here.