11th May 2020
On Friday, 8th May 2020, the Central Statistics Office (CSO) published the results of its survey on the Social Impact of COVID-19. This, as might be expected, makes for concerning reading. The self-reported well-being of the population as a result of the COVID-19 crisis was worse than in 2013, at the height of the impact of the 2008 Financial Crash, with just 12.2 per cent reporting a high life satisfaction rating in April 2020, compared to 31.4 per cent in 2013. The report highlights again the need for a new Social Contract to pave the way for recovery from the impact of COVID-19 and beyond. The impact of job losses on well-being, social inclusion and financial stress are severe and the changes in consumption, particularly the increases in alcohol and tobacco consumption, indicate a potential personal debt and health crisis that must be tackled if society is to function.