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Debate House Prices
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Sky News now interest rates and housing.
Comments
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HAMISH_MCTAVISH wrote: »It's sounds like a blatant lie. At least, in the format it's usually presented, ie, "there are 7 savers for every borrower".
That's just mathematically impossible.
As for net savings, not sure if you have data for total UK households savings (excluding pensions) versus total UK household debt, but it'd be interesting to see.
There's no way that ratio is 7:1 either. Having seen the breakdown of savings amounts by household I'd doubt it's much more than 1:1.... given the securitisation of debt onto the global markets, it may even be less.
Savings include pensions.0 -
Graham_Devon wrote: »Savings include pensions.
So then do they include assets too?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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