Monday, Aug 23, 2010
And this is news because..?
BBC: Household finances under strain
"Household finances came under pressure on all fronts in August, according to market researchers Markit and YouGov. Their survey of 2,000 households showed people were increasingly worried about losing their jobs and higher costs of living. The Household Finance Index suggests individuals are feeling few benefits from the growing economy. Some 30% of polled households said their finances had worsened, compared to 6% who said they had improved." Isn't this the whole point of Home-Owner-Ism, to get people to load up with huge debts that they can barely repay?
Posted by mark wadsworth @ 10:06 AM (564 views) Add Comment
2 Comments
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1. sibley's love child said...
It's just crazy; how anyone can delude themselves that the boom has made us a more prosperous nation, is beyond me. The cost of putting a roof over our head and monthly grocery shopping accounts for nearly all of my take-home pay. It's almost got to the point that (almost) two wages coming in barely makes us any better off than living off the State.
Go-go-employment incentivisation.
2. icarus said...
My grandparents were a young couple just after WWII. They said they rented a 2-bed terraced house in the north for less than 10 shillings (50p) a week. He was earning nearly £10 a week at the time, she did some part-time work. So tell me again about our rising standard of living?