Tuesday, Apr 22, 2008
Debts hitting hard as so many pay for excesses of past years
Firstrung: Wannabe middle class aspirants living on working class wages
We're all middle class now... or so we thought. How many Brits who classify themselves as middle class are actually working class by financial standing..? 15 million wannabe middle class Brits are in denial of their true working class status, and instead are turning to debt to finance their lifestyles. In their attempt to keep up with the 'upper middle class', middle class wannabes are supplementing their income with a combination of secured and unsecured loans totalling nearly £35 billion.
Posted by converted lurker @ 10:30 AM (389 views) Add Comment
3 Comments
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1. Nobby1963 said...
Well CL I saw this coming well over 2 Years ago , The Banks and the Retailers have pushed this all upon us ! We have gone from a society of "Buy Now Pay Later" to "Buy Now and Move House" How in the Hell are most people going to survive all of this with Inflation being nearer 9% and God Knows where fuel prices are going to end up? let alone the Strikes at Grangemouth yet to take effect? Thanks to Crash Gordon and his Muppets messing with the Tax , where on Earth is all this extra expenditure going to Come from? Soon we will be taxed on tax on tax , and so on! Oh well B of E - Print , Print , Print , Infaltion , Inflation , Inflation , AARGH!!
2. converted lurker said...
will we get wage inflation to match the rising costs of daily items and expenditure? No. So where does that leave us other than as a nation of over indebted wage slaves...?
3. Is It Me ? said...
Class has nothing to do with money. In fact, the higher class you are the less money you have (Look at all the upper class who have massive overdrafts)
People who confuse class and money are working class.
Class is about the newspaper you read and whether or not you watch reality tv; it is also about how expensive the car you buy/lease has to be to cover up for your lack of class ditto plasma tv; holidays, games for the kids etc etc.
It is also about whether you have the intellegance not to vote Labour at the next general election and whether you care about what is happening in Zimbabwe or iraq or Afghanistan.
And finally it is about how big a loser you will be in the negative equity game.