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"debt" No Longer A Dirty Word In Wales!

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Once debt was a dirty word - now it's a way of life for younger people

May 12 2006

By Molly Watson, Western Mail

(Taken from: icWales)

IT'S no wonder they're critical of today's spendthrift ways - Wales' pensioners grew up in an era when debt was a dirty word.

But, whereas once extra cash was squirrelled away for a rainy day, research published today revealed that modern consumers show no such prudence, spending nearly twice as much as they did 10 years ago, and borrowing heavily to do so.

On average around £37,000 was spent by each household in Wales last year, with much of it going on luxury goods.

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According to Mr Owen Potts of Aimfechain Shaftaid "there's no rainy days in Wales now with the hose pipe bands and gulible warning. Its luxury for us here, boyo. Gucci wellies and Hilfiger sheep. What's good enough for them London bankers..."

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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