Record Irish Wealth; Seniors Face Costs, Isolation

Rural Nevada seniors are facing a loneliness crisis and programs like RSVP need more volunteers to provide transportation, companionship and support so older adults can age independently. In the Republic of Ireland, household net wealth reached a record €1.25 trillion in Q1 2025, with about 68.5% tied to housing and a record €167 billion held in bank deposits, prompting advisers to stress emergency funds and balanced saving. Even affluent retirees can face high recurring costs: a former lawyer with $3.2 million in assets reportedly spends about $18,000 a month on property taxes, maintenance, medical care and lifestyle and pays for long-term care insurance. Young adults are counseled to adopt budgeting habits early—track spending, build emergency funds and use shared housing or other tactics to cut costs. Baby boomers are advised to optimize income through tax-advantaged retirement accounts, strategic Social Security claiming (including delaying benefits or claiming spousal benefits) and targeted side gigs that leverage experience. Experts emphasize multiple income streams, disciplined saving and diversification to build resilience and enable long-term compounding.