the Central Bank’s latest figures on residential mortgage arrears highlight once again the enormity and scale of the crisis.
Now in its fourth year, these quarterly figures have seen the arrears on people’s homes rise from less than one in 20 mortgages in bother, to now more than one in ten mortgages falling behind in payments.
And this is not even taking into account those mortgages which have been restructured.
The problem is massive and urgent. Factor in the multi debts that many people have - even with the basics of food and electricity - and the sheer scale and weight of the problem becomes apparent.
As a result many households are now consumed by the incessant stress and worry, and that is unfortunately is the reality of their lives.
Where is the relief, or is there any? The Central Bank points out that all mortgage lenders are now spearheading new forbearance and loan modification methods to provide long term and sustainable solutions.
The goverment needs to be more proactive. Do they think for example that the banks are doing enough. The Personal Insolvency Bill now going through the Dail is certainly one part of the solution.
However, further real and tangible solutions are required. Total debt, the reality of many peoples lives, needs to be managed in a realistic and sustainable way.