The government can't tell you what to do with the new found money in the better society they've built, but they can try. They tried to stop people from frittering away the money by using the SSIA scheme to tie up money. It worked for the most part, and hopefully people will use some of the return to pay the debts they've gathered.
The housing market is the largest example of what you've talked about and that is fueled by people's greed. If people are willing to pay over the odds and do nothing about getting ripped off, what can Fine Fail do about this?
Meanwhile you say wages are low, and yet we are t
op of the world in terms of Purchasing Power per Capita, and we're bringing in foreigners to do the jobs we're no longer willing to do.