Thursday, February 3, 2011

Rember – We’re all in this together

Wealthy Britons Planning to Increase Spending in 2011, HSBC SaysWealthy Britons Planning to Increase Spending in 2011, HSBC Says

Wealthy Britons plan to save less and spend more on travel, commuting and home improvements, HSBC Holdings Plc said, citing a YouGov Plc survey. Households with a combined annual income of more than 100,000 pounds ($162,080) will probably increase spending by 7.8 percent in 2011

Posted by khards @ 10:48 AM (1143 views)
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3 thoughts on “Rember – We’re all in this together

  • Excellent, so inflation is down to increased demand after all, better put IR’s up then.

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  • It seems to me:

    if we put interest rates up we make the rich richer and the poor poorer.
    If we keep low interest rates we make the poor poorer via inflation.

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  • ontheotherhand says:

    My goodness what nonsense can be claimed by talking to 1,000 people. There will be a 45% increase in loft extentions? I don’t even see how they got to that precise sounding percent. Did as many as 9 people say they extended their loft last year and 13 say that they intend to this year? No because that would be a 44% increase.
    For average spending to be 87,380 whilst still saving something, the average earnings of the 1,000 must be in excess of 125,000. Clearly a few millionaires could skew the whole thing, so they would have to speak to the same people as last year to keep the mix identical. I doubt they did. Nonsense.

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