Jump to content
House Price Crash Forum
Sign in to follow this  
tomato3000

Only Greece Has Had A Bigger Drop In Quality Of Life Than Uk Since 2007

Recommended Posts

Interesting article comparing 'quality of life' (i.e. PPP adjusted salaries) across various european countries. UK has dropped from 3rd to 9th on a PPP basis.

Of course the most amazing thing is that a property price boom has been occuring while the economy is going backwards...

https://www.glassdoor.com/research/studies/europe-best-standard-of-living/

https://research-content.glassdoor.com/app/uploads/sites/2/2016/04/Wages_StandardofLiving_Final.pdf

Share this post


Link to post
Share on other sites

Had to read up on this to work it out, the pdf link is the one to read.

“Purchasing Power Parity” (PPP) factor, which takes into account differences in relative prices between countries to show how much money is needed to buy the same amount of goods and services in each country.

The chart on page 4 takes a bit of interpretation with the most revealing comparison being with the U.S. where the article also states on page 5 that 'average wages in the UK, along with Belgium, Sweden, Finland, Austria, at around €41,000 are similar to those in the U.S. (Figure 2).'

Page 6 compares PPP with average wages and we are slap-bang in the middle.

Page 7 is the killer for London

Topped off by page 8 which states, 'in other words, if the average city-based worker in the UK were to move to New York City, he or she would have to earn 30 percent more than the average New Yorker in order to have a similar standard of living as he or she previously had in the UK.

So if you live in the U.K. avoid the SE & London at all costs as on average your PPP will by shyte.

All statistics for the UK are unfortunately/conveniently distorted by London depending on your perspective.

Share this post


Link to post
Share on other sites

So if you live in the U.K. avoid the SE & London at all costs as on average your PPP will by shyte.

Unless you're an Eastern Euro living with 10 of your compatriots in a terraced rental - you'll find the cash you earn + tax credits + child benefits + housing benefits + generous tax allowance gives you very good PPP when you send it back to your homeland.

Share this post


Link to post
Share on other sites

As an itinerant expat, I can only say that I have a better quality of life living almost anywhere else in Europe.

Sometimes I miss the country pubs and the greenery, but the ratio of accommodation costs versus income is stupid.

Share this post


Link to post
Share on other sites

The UK's 2007 figures were illusory. If they had been real, there wouldn't have been a bubble to burst.

Thus when measuring decline, they're taking a starting point that never really happened. Despite the peak of "Blair Feelgood" consumption at the expense of investment.

Edited by porca misèria

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   93 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.