the_duke_of_hazzard Posted May 17, 2010 Report Share Posted May 17, 2010 http://news.bbc.co.uk/1/hi/business/10118346.stm We're 5 times richer than we were in 1960! Except we're not. We sold off council property to the poor so we're "richer" as a whole nation. Strip that out and it's 3 times richer. And much of the rise in household wealth is due to propoerty price increases. And it doesn't take inflation into account, so it's more like we're 40%-70% poorer if you allow for that. Happy days. Link to comment Share on other sites More sharing options...
righttoleech Posted May 17, 2010 Report Share Posted May 17, 2010 shafted and hung out to dry Link to comment Share on other sites More sharing options...
osbaldwick Posted May 17, 2010 Report Share Posted May 17, 2010 shafted and hung out to dry Shafted, hung out to dry and told we should feel good about it!! Link to comment Share on other sites More sharing options...
erat_forte Posted May 17, 2010 Report Share Posted May 17, 2010 errr... this appears to be gross, with no mention of household debts? Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted May 17, 2010 Report Share Posted May 17, 2010 errr... this appears to be gross, with no mention of household debts? spoiolsport, if you ignore that that wealth is countered by the fact that it is someone elses debt, which they cant actually pay anymore then the UK is uber rich Link to comment Share on other sites More sharing options...
erat_forte Posted May 17, 2010 Report Share Posted May 17, 2010 "doesn't take inflation into account" - it says "at today's prices". Link to comment Share on other sites More sharing options...
winkie Posted May 17, 2010 Report Share Posted May 17, 2010 No we are not richer...we just have more toys to play with. Link to comment Share on other sites More sharing options...
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