Recession 100% official now

Lucylocket01

mewbie wrote: »

Well those posts obviously prove it. Must admit I was tempted to make one up for fun, but couldn't be bothered in the end. My point is that I don't really care about the 70's. We can't go back in time and help. However there are real people suffering real hardship, and it will get worse as this recession bites. Denying it does not really help anyone - unless the point is to make this a happy thread rather than yet another doom and gloom.

But then why not go to the MoneySavers and post a happy huggy thread, and leave the Recession forum to talk about recession and it's impact, etc?

Every now and then I get a teensy bit fed up with people telling me it's all ok, that kids in poverty actually have everything they need, that they have a load of stuff - you know - that sort of thing.

Is that clear enough without being too offensive? Hard to get the balance right sometimes.

ok then name 3 kids you know living in poverty

mewbie_2

Lucylocket01 wrote: »

ok then name 3 kids you know living in poverty

Actually I can think of 9 without trying hard at all. I wouldn't dream of naming them, and I don't care if you believe me or not. After all it's only a wind up site and these conversations are completely pointless. I guess you are bored too.

Next you'll be asking me what I mean by poverty.

edit: edited this morning to add this edit.

Lucylocket01

mewbie wrote: »

Actually I can think of 9 without trying hard at all. I wouldn't dream of naming them, and I don't care if you believe me or not. After all it's only a wind up site amd these conversations are completely pointless. I guess you are bored too.

Define poverty

See you edited you post, cos you couldnt answer. @9.21pm When I had already asked you the question. lol.

HenryWeston

Lucylocket01 wrote: »

Most people didnt have cars or if they did they were old bangers. Look around most cars on the road are less than 5 years old these days.

my car is 21 years old and i have a crt TV i must be really poor:rolleyes: dont you think that theres maybe a link between all the flash cars etc on the road and the availability of easy credit over the last few years?

http://www.creditaction.org.uk/debt-statistics.html

Total UK personal debt

Total UK personal debt at the end of November 2008 stood at £1,456bn. This has slowed further to 4.1% in the last 12 months which equates to an increase of ~ £56bn.
Personal debt has forged ahead of UK GDP which, according to latest available data, currently stands at £1,410bn having increased by 5.1% over the past year.
Total secured lending on dwellings at the end of November 2008 stood at £1,222bn. This has slowed further to 3.9% in the last 12 months.
Total consumer credit lending to individuals at the end of November 2008 was £234bn. This has continued to slow to 5.2% in the last 12 months.
Total lending in November 2008 grew by £1.5bn; secured lending grew by £0.7bn in the month; consumer credit lending grew by £0.8bn.
Average household debt in the UK is ~ £9,600 (excluding mortgages). This figure increases to £21,875 if the average is based on the number of households who actually have some form of unsecured loan.
Average household debt in the UK is ~ £59,670 (including mortgages).
Average owed by every UK adult is ~ £30,420 (including mortgages).
Average outstanding mortgage for the 11.7m households who currently have mortgages now stands at ~ £104,058.
Britain's interest repayments on personal debt have soared to £92.1bn in the last 12months.

chucky

HenryWeston wrote: »

my car is 21 years old and i have a crt TV i must be really poor:rolleyes: dont you think that theres maybe a link between all the flash cars etc on the road and the availability of easy credit over the last few years:rolleyes:

http://www.creditaction.org.uk/debt-statistics.html

what you've forgotten to post is what assets are around - it's not just liabilities.
debt is not a problem as long as it can be serviced.

can you find me a site that has asset statistics please?

for example - did you not want to post something like the below?
http://news.bbc.co.uk/1/hi/business/7843221.stm

Lucylocket01

Of course there are cars out there bought on credit. But cars today are cheaper, in comparison to wages.
Lets just agree to differ, I'm not going to change my mind, and neither are you.
Enjoy the rest of your evening.

hethmar

I have to say Ive got a little smile playing round my lips at the posts concerning the 70s as if it were the iron age or something. I actually enjoyed the 70s, but may be thats because I was in my 20s? I cant remember us being that desperate - yes I worked a three days week as the electric was off the other two days in the office and we still had a crappy black and white telly but we had days out in the country, own sandwiches , we didnt die of starvation and though OH had to walk 5 miles to work when the car packed up and we couldnt afford to have it repaired, well, its something you had to do. Compare our lives in the 70s with the misery of 75% of the world now, it was another day in paradise.

neverdespairgirl

Lucylocket01 wrote: »

ok then name 3 kids you know living in poverty

Janet, Jane, and John.

dopester

treliac wrote: »

Generali, What's going on in Australia's economy now and where do you see it going in the future?

Can you say in what ways they have run their economy differently or similarly to ours? And how do individuals manage their personal finances by comparison?

Hope you don't mind the questions, but the comparison interests me.

Thanks.

It doesn't sounds like a real paradise, set to continue prospering, according to some of the HPCers recent discussion - but I don't know much about Aus myself.

RainMaker_2

Any wrote: »

Me too.
As long as I keep my job I don't have to worry about anything.

Quite right. Infact, if you keep you're job you're probably alot better off than you were before this recession started. Question is, can you keep your job ?