Roscommon-Galway TD Claire Kerrane has published a document featuring the real life experiences of people affected by household debt.
The document includes stories submitted by members of the public who participated in an online survey about the impact of household debt.
‘Exposing the Debt Crisis: In Their Own Words’ comes three weeks after an online survey examined how households have been affected by debt since the start of the pandemic.
Almost 500 people took part in the questionnaire, with almost equal representation from rural and urban Ireland.
The Sinn Féin TD said she was deeply moved by the results, which ‘paint a picture of many workers and families in dire financial situations’.
“Of the 500 respondents, over 300 people also shared their personal story of how household debt was impacting on their day-to-day life,” said Deputy Kerrane.
“These comments showed something much more grave. People are stressed, worried and in some cases, feeling suicidal. Mounting debt has a clear impact on peoples’ mental health.”
The Roscommon-Galway TD said that while many of the stories are distressing to read, she believes that it is important that they are heard.
“The Government must act urgently to ensure appropriate financial supports are put in place to resolve debts and support people into the future,” added Deputy Kerrane.
“The issue of household debt cannot continue to be ignored. The time for decisive and urgent action is now.
“Clearly, the supports needed to tackle household debt go far beyond financial supports alone and must include strategies for mental health.
“We are only days away from Budget 2021 and I want the government to hear this message very clearly- it is time to support workers and families under pressure with debt. Those most impacted by Covid-19 cannot wait.”