'TV and radio producers: Please remember savers…' blog discussion

Former_MSE_Helen

This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

Read Martin's "TV and radio producers: Please remember savers…" Blog.

Please click 'post reply' to discuss below.

wanchai_2

Well said Martin!!! :money:

I have been feeling like this for a long time. OH and I have a substantial 5-figure sum saved (towards a house deposit) and have noticed the lack of information on savings AND the attitude that low interest rates are good for everyone. Well, they're not...

donny-gal

Easy answer here Martin, those of us with savings, have always been careful and looking around to get the best offers, not spend what we did not have, and had the opportunity and health to work save, there is an element of luck in that too. That many of them are on here they know they can find the chance to save even though they have savings. DG

corbyboy

You're totally right Martin. When the media talk about interest rates, low is good and high is bad. It's all about borrowers and never about savers.

But I also feel the media is the same about house prices. When the media report on falling house prices, it's regarded as negative news. Again, it's all about homeowners and never about renters/first time buyers.

Radiantsoul

Savers probably exceed borrowers as the savings and investing in an economy must balance. The main sectors are government, the international, business and households. Government is clearly a borrower, so the other sectors must have a net surplus.

wanchai_2

corbyboy wrote: »

You're totally right Martin. When the media talk about interest rates, low is good and high is bad. It's all about borrowers and never about savers.

But I also feel the media is the same about house prices. When the media report on falling house prices, it's regarded as negative news. Again, it's all about homeowners and never about renters/first time buyers.

This is so true! And makes me really cross too. Maybe something should be said about this too, Martin? :money:

hermante

corbyboy wrote: »

When the media report on falling house prices, it's regarded as negative news. Again, it's all about homeowners and never about renters/first time buyers.

Absolutely. So why is a mortgage counted as savings? Debt is debt.

John_Pierpoint

Radiantsoul wrote: »

Savers probably exceed borrowers as the savings and investing in an economy must balance. The main sectors are government, the international, business and households. Government is clearly a borrower, so the other sectors must have a net surplus.

In your dreams !

As a country we are running a massive deficit, and it is still getting worse under the "Condem" government.

You wonder why Osborne is so twitchy about this country's credit rating and so the rate of interest we are all charged on our massive debts?

Say sorry to your kids, that you have allowed this situation to be created in what used to be a petro economy.

Britain faces another £50bn of spending cuts and tax rises to cover the costs of age-related care and put the national debt under control, the International Monetary Fund has warned. A "second generation" of UK austerity measures, which the IMF suggested should be completed before 2030, would outstrip programmes in both Greece and Portugal. Only the US, Japan and Ireland are facing a larger adjustment among advanced economies. To bring public debt down from 82.5pc to 60pc of GDP and pay for rising health and pension costs, the UK will need "a fiscal adjustment strategy" over the next 18 years equivalent to 11.3pc of national output, or roughly £170bn, according to IMF estimates. By comparison, the existing £123bn austerity program is equivalent to 7.5pc of GDP, The Telegraph reports.

Credit-Crunched

Savings does not get the time required online as it is not as entertaining and headline grabbing as 'thousands of millionaires only pay 10% tax' or 'bankers spent your money on girls and cars' or 'claim back your bank charges as it is your money, bankers will only spend it on girls and cars'

You of all shoudl know all about sensationalist headlines Martin, it's how you have made your egotistical career so very successful