Jan 25, 2005

Looking forward to SA catching Ireland

Business Report - Looking forward to SA catching Ireland

Even the South Africans are trying to emulate the success of Ireland.
But - today there are figures out for Poverty levels in Ireland - showing that this new wealth is not very evenly spread in Ireland. Some 20% are said to be living in Poverty - but Poverty is defined as having less that 60% of average income - which is 36000 euro or therabouts. So having an income of about 21000 euro a year is defined as Poverty? That level of income doesn't sound too bad to me - for a single person . The figures have to taken with a pinch of salt.

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