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Debate House Prices
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National incomes down 13% in 4 years.
Comments
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shortchanged wrote: »That one will be poo pooed by the usual suspects on here graham because it is from a trade union spokesperson.
Anecdotals obviously fair outweight this data.0 -
I don't dispute that incomes have declined in real terms but it would have been nice to see how they arrived at the figure.
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I don't dispute that incomes have declined in real terms but it would have been nice to see how they arrived at the figure.
You don't have to rely on anyone to provide data for you.
Just look around.
People on average income used to be able to buy houses on a single income and still provide for a family.
Now it takes two incomes to buy the same (or equivalent) houses and many couples are struggling.
Higher house prices have generally made people poorer not richer.0 -
The ONS release is here. I've only skimmed through it but there's some interesting stuff in it and it's definitely not all doom and gloom...
http://www.ons.gov.uk/ons/dcp171766_284260.pdf
- average income per head in the UK is only bettered by three other EU members
- household savings rates are dramatically higher than 2008
- household net wealth is at record levels
Fairly obviously the reduction in income is almost entirely down to inflation and the higher reliance on part time work.
For the bearish there's a lot of focus mapping this recession against previous recessions showing how much more prolonged this one is.
As for Brendan Barber I honestly don't believe he'd read the report at the time he made his quote.0 -
Graham_Devon wrote: »Anecdotals obviously fair outweight this data.
You've not read the data - how do you know?0 -
You don't have to rely on anyone to provide data for you.
Just look around.
People on average income used to be able to buy houses on a single income and still provide for a family.
Now it takes two incomes to buy the same (or equivalent) houses and many couples are struggling.
Higher house prices have generally made people poorer not richer.
That would be ok if it was true but house prices have always gone up and down and have been this high in relation to earnings in the past.0 -
On top of the many part time jobs created....the government switched 200,000 jobs to the private sector by magic....
http://www.ons.gov.uk/ons/rel/pse/public-sector-employment/q2-2012/stb-pse-2012q2.html0
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