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90% of households NOT in financial difficulty
HAMISH_MCTAVISH
Posts: 28,592 Forumite
90% of households not in financial difficulty, and only another 10% assessed as being "vulnerable" to experiencing financial difficulty.
http://www.guardian.co.uk/money/2011/jul/13/households-financial-difficulty
In actual fact the numbers are probably much, much smaller, but debt charities do like to puff up the figures to further their cause.;)
http://www.guardian.co.uk/money/2011/jul/13/households-financial-difficulty
In actual fact the numbers are probably much, much smaller, but debt charities do like to puff up the figures to further their cause.;)
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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HAMISH_MCTAVISH wrote: »90% of households not in financial difficulty, and only another 10% assessed as being "vulnerable" to experiencing financial difficulty.
http://www.guardian.co.uk/money/2011/jul/13/households-financial-difficulty
In actual fact the numbers are probably much, much smaller, but debt charities do like to puff up the figures to further their cause.;)
Not sure how you can try and post this as a positive thing, 1 in 10 is a very high number to be in this sort of trouble.0 -
What a strange report! They set out all this doom and gloom, with not as much as a single word of recommendation or suggestion as to what to do about it - other than the most woolly statement that Governments must 'understand' it and 'address' it.
My suggestion would be to give them all a 50% benefits rise, but pay the whole lot in Greek Bonds. Maybe this will teach them not to get into debt.0 -
26m households
3.2m in serious financial distress = 12.3%It found that 3.2 million households are either three months behind with a debt repayment or are subject to some form of debt action such as insolvency.
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3m in financial distress = 11.5%Another 3 million are finding it hard to make ends meet and are vulnerable to increases in household bills.
So almost a quarter of all households are in trouble according to this report. I'm dubious about vested interests putting out these reports too but at least represent what they purport to say correctly, please."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
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Graham_Devon wrote: »It's just a bulliish spin off of my thread.
A rather obvious, witless, and not particularly original spin at that.0
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