Finances worse for 40% of people (or those studied)

Loughton_Monkey

Typical "non-news" from the BBC, with the most surprising inference being that 60% of Homes are OK. That's more than I would have predicted and is probably indicative that austerity measures are not tight enough.

I wonder what other 'gems' they'll have for us?

• £X billion wiped off consumer pensions and investments in August?
• Y million households jump into 'fuel poverty' as 18% gas hike hits?
• Z million motorists see rise in fuel costs?
• N million 'hit' by low bank interest on savings - failing to keep up with inflation?

Or maybe "BBC staff continue to prosper with guaranteed license income. 'I'm all right, Jack' proclaims Mark Thompson"

Graham_Devon

Loughton_Monkey wrote: »

Typical "non-news" from the BBC, with the most surprising inference being that 60% of Homes are OK. That's more than I would have predicted and is probably indicative that austerity measures are not tight enough.

That's your inference. Not the BBC's.

How many of those 60% are simply stagnant, and how many are seeing finances getting better?

How many of those 60% who are stagnant, will fall into negative teritory this month due to increasing costs?

"60% are OK" is extremely simplistic.

Pimperne1

How daft is this thread. Just taking into account inflation my finances deteriorate every month until pay rise time.

ultrawomble

Pimperne1 wrote: »

pay rise time.

I received a 0.4% pay rise last August so I've been down 4+% most of the year and expect to get more sweet FA this time around.

Pimperne1

ultrawomble wrote: »

I received a 0.4% pay rise last August so I've been down 4+% most of the year and expect to get more sweet FA this time around.

Sorry to hear that. This is indeed a difficult time for a lot of people.

MFW_10Yrs_3

I'm surprised that the figure is so low at 40%. I would have thought pretty much everyone's finances are worse with the increases recently.

We have been impacted but have offset the effects somewhat by applying Martin's Money Saving advice to help reduce our outgoings while still maintaining our standard of living.

ultrawomble

Pimperne1 wrote: »

Sorry to hear that.

Thanks. Belt's tightening but not feeling an excessive pinch just yet.

Pimperne1 wrote: »

This is indeed a difficult time for a lot of people.

I reckon so also. Low mortgage rates will offset the effects of inflation somewhat, but when they begin to rise.....

geneer

MFW_10Yrs wrote: »

Our gas and electricity supplier just put through an inflation busting price hike. Things are going to come to a head if we have another harsh winter. Lots of families are going to have to choose whether or not to have their heating running.

Can't you just not buy food thus reducing your "personal inflation"?

Graham_Devon

geneer wrote: »

Can't you just not buy food thus reducing your "personal inflation"?

He's got a farm.

And he bought all his seeds in 1943, hence reducing his personal inflation.

kabayiri

Pimperne1 wrote: »

Sorry to hear that. This is indeed a difficult time for a lot of people.

A client I did a bit of work for called all the staff in last year, told them to accept a 10% reduction in salary or accept major staff cuts.

They opted for the cuts. In the main these were not people on great salaries. If you're a team leader on 18K a year an increase of 8% in train costs annually is not going to go down well.

It's probably hard to appreciate average families struggling if you are in an affluent area.