We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
UK households 15% worse off than 5 years ago
IveSeenTheLight
Posts: 13,322 Forumite
http://www.ey.com/global/content.nsf/UK/Media_-_08_07_04_DC_-_UK_households_worse_off_than_5_years_ago
Ok, this is a survey by Earnst and Young, who acceptably will only likely be surveying people who have filled in tax returns, many of whom break the high tax threshhold
There is some very interesting figures in there
While doing some internet research, it is interesting to see how much stalth tax has been implemented since labour were voted in.
Ok, this is a survey by Earnst and Young, who acceptably will only likely be surveying people who have filled in tax returns, many of whom break the high tax threshhold
There is some very interesting figures in there
While doing some internet research, it is interesting to see how much stalth tax has been implemented since labour were voted in.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
0
Comments
-
so, if im working this out right, that means their average wage for these figures is about 46k?Monthly discretionary income for a typical household has dropped 15% since 2003/04. The average household now has £772.79 to spend each month after total fixed monthly outgoings, compared with £909.84 in 2003/04. This represents under 20% of gross income, a figure which has declined dramatically from over 28% in 2003/04.
(£770 is 20% net monthly income?)
also is there a breakdown of the household bills they refer to?We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
0 -
The average income is worked out at roughly £47k.
I did say that this was an Earnst and Young survey and liely to be higher earners.
£772 is what they have disposable per month after all bills are paid in Jun 2008, dropped down from £909 per month in 2003/04.
Although a higher average income, it still shows disposable income is down.
the graph also shows where the break up in outgoings is:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
also is there a breakdown of the household bills they refer to?
Yes, in the article - there's a screenie of an Excel spreadsheet.
http://www.ey.com/global/content.nsf/afc0f04af27f7b1f85256b730058beb0/1d46809b03a494f2c125747b004b93c1/ContentBlock1/4.30B6?OpenElement&FieldElemFormat=gif0 -
Yes - there's been lots of stuff in the Torygraph recently about how tough it is for the so-called 'middle classes' to pay school fees, nannies etc. Getting tough out there...0
-
oh yeah, didnt scroll down for that bit!PasturesNew wrote: »Yes, in the article - there's a screenie of an Excel spreadsheet.
http://www.ey.com/global/content.nsf/afc0f04af27f7b1f85256b730058beb0/1d46809b03a494f2c125747b004b93c1/ContentBlock1/4.30B6?OpenElement&FieldElemFormat=gif
dont mean to pick at the figures, but really, £600+ pm to run a car???
*you could buy a car for that* :rotfl:We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
0 -
Yes - there's been lots of stuff in the Torygraph recently about how tough it is for the so-called 'middle classes' to pay school fees, nannies etc. Getting tough out there...
Sheesh, the article goes deeper than just segregating middle classes as you are trying to do .
It shows a widespread increase in things such as utility bills, petrol, car running costs, council tax, NI, Income Tax, mortgages, phones, public transport etc which affects everybody, not only middle classes.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
oh yeah, didnt scroll down for that bit!
dont mean to pick at the figures, but really, £600+ pm to run a car???
*you could buy a car for that* :rotfl:
maybe you could buy a car for that, but by the time you add up road tax, service, MOT, maintenance etc, I would guess that £600 per year is about right on average:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
per month?IveSeenTheLight wrote: »maybe you could buy a car for that, but by the time you add up road tax, service, MOT, maintenance etc, I would guess that £600 per year is about right on averageWe cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
0 -
per month?
The table is per month, but it doesn;t say the running costs are £600.
It asys the running costs are £93.75, so technically £1125 per year.
Looking back, I'm now see where sjaypink, picked up on £600+ per month
.Its calculated in with petrol, standing sharges AND running costs.
I was commenting only on the running costs and from my mind where that goes
Not sure why the standing charges are so high. I'm presuming maybe road tax, mot, insurance etc:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Car costs - Depreciation is the biggie - or think of it like leasing instead...;
7 Source: EY analysis based on data from the AA. Standing charges include road tax, insurance, cost of capital, depreciation and breakdown cover. Based on car with new purchase price of £13,000 to £20,000.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards