We're spending less for the first time in 10 years

markharding557

Less needs to be spent it's time the credit junkies smelled the coffee

RenovationMan

I'm having multi foil insulation installed onto the roof of my house soon. Not only will it insulate my house and reduce my fuel bills, the foil will prevent 'them' from beaming signals into my brain. A total win-win situation.

Davesnave

amcluesent wrote: »

>3 years of declining income? try 20<
Scrimping, tripe for dinner, tin bath in front of the fire, rickets, dead at 50.

I can manage the tripe, the tin bath, and even rickets , but as I'm not Dr Who, death at 50 is a leap too far for me.

Thrugelmir

benb76 wrote: »

Epic fail to all those who think that this is bear food.

Then you also missed the small print in the report. Which not only showed lower disposable income but a falling savings rate.

movilogo

Good sign. People slowly are learning to live within their means. You don't really need a flashy car or latest gadget.

benb76

Thrugelmir wrote: »

Then you also missed the small print in the report. Which not only showed lower disposable income but a falling savings rate.

How does that affect the fact that the data refers to a period 11-23 months ago, and is not at all relevant to the current situation.

Thrugelmir

benb76 wrote: »

How does that affect the fact that the data refers to a period 11-23 months ago, and is not at all relevant to the current situation.

Its already been forecast that average disposable income will have fallen in 2010, and that 2011 at best will stagnate. If you research a little there's plenty of information available.

As you say no point in basing decisions on historic data. Looking ahead and understanding what is or potentially could happen is key. On a macro level of course.