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Incomes to fall 7.4% over the next 3 years
Comments
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No. Not really shocking.
The forum not-a-bull managed to put the most bullish spin on it. As expected.:rotfl:
It's not spin, it's reality.
If your only interested and agree with pessimistic, headlines without understanding the finer detail, then it shows you for what you are.
Better to have a better understanding than simply moan lifes not fair because some headline says so.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Sorry if I’m missing something but if all that is going to happen after all the financially turmoil is that we will be in the same position we were in 2003 it’s not exactly the end of the world is it.0
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Sorry if I’m missing something but if all that is going to happen after all the financially turmoil is that we will be in the same position we were in 2003 it’s not exactly the end of the world is it.
Depends how you look at it.
Real income falls to 2003 levels, while everything else costs 2011 levels. Aint exactly great!
One example, a litre of diesel in Nov 2003 cost 78.1p
Today it costs 140.9p Nigh on double.0 -
Graham_Devon wrote: »Depends how you look at it.
Real income falls to 2003 levels, while everything else costs 2011 levels. Aint exactly great!
I thought real incomes took care of that, so your income will be the same in relation to prices as 2003.0 -
I thought real incomes meant relation to inflation.
Yes, but an average rate, based on selected goods.
The diesel example above is one that hits us all.
Needn't even go into housing costs....
It's cheaper to buy a laptop, but people do that once every 2-5 years. They don't shell out every month. There was a good article in the media not too long back, showing the headline CPI rate vs a compltely average couples personal inflation rate. There was a difference of over 15%.0 -
Graham_Devon wrote: »Yes, but an average rate, based on selected goods.
The diesel example above is one that hits us all.
Needn't even go into housing costs....
It's cheaper to buy a laptop, but people do that once every 2-5 years. They don't shell out every month. There was a good article in the media not too long back, showing the headline CPI rate vs a compltely average couples personal inflation rate. There was a difference of over 15%.
People personal inflation rates differ enormously did they say what they consider an average couple.0
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