ONS, middle fifth income households, 1977-2012

Graham_Devon

Loughton_Monkey wrote: »

I really counsel some understanding of how wage scales generally work. Anyone can do their own calculations. Let me describe one I did.

I've just done my own calculations too.

I believe, calculated on your response, you would have classed this as "exteme muddling from the Devonian school of crayons and home economics".

Afterall, what was actually being discussed was the ONS calculations and methoogy. Not Loughton Monkey Ltd calc v3.445

Presumably, the ONS calculation and therefore the results are simply not to Loughton Monkey Ltd's liking?

michaels

I love re-wired

http://www.bbc.co.uk/news/magazine-25120783

But you are right about the median quintile.

Graham_Devon

michaels wrote: »

I love re-wired

http://www.bbc.co.uk/news/magazine-25120783

But you are right about the median quintile.

Am I rewired again now then?

Love the dig with the "you were right though" to finish it off

What would be the definition of a poster reacting to a "lonely poster trolling himself" informing him that he's just a sad and lonely poster trolling himself and must have an illness?

Thrugelmir

wotsthat wrote: »

The graph over time showing inflation adjusted disposable income makes me glad I'm earning a living today and not 1977.

Recently I looked at prices in the area I bought my first property. We borrowed 2.75 times joint income at an LTV to buy it.

So we had a joint income of £9,500 at the time.

Now I'd require an income of £61,000 to buy on the same basis.

Interest rates were higher, 10% back then. However our pay was rising at around 10% per annum. So debt did indeed inflate away. Different story for people buying today.

Loughton_Monkey

Graham_Devon wrote: »

I've just done my own calculations too.

I believe, calculated on your response, you would have classed this as "exteme muddling from the Devonian school of crayons and home economics".

Afterall, what was actually being discussed was the ONS calculations and methoogy. Not Loughton Monkey Ltd calc v3.445

Presumably, the ONS calculation and therefore the results are simply not to Loughton Monkey Ltd's liking?

Au contraire. ONS calculations are probably accurate, but confirm the conundrum that a statistic can demonstrate a 'negative' characteristic, whilst every individual within the statistics is 'happy'.

ONS's "methoogy" is not at issue.

But quite frankly, my dear, not being a mere 'middle quintile' myself, I tend not to give a damn. I think we should have far more sympathy with the bottom 20% of the pile. As you can no doubt personally testify, this is where the real hardship is. It's becoming increasingly hard to work one's way up to mediocrity.

Loughton_Monkey

Graham_Devon wrote: »

.......What would be the definition of a poster reacting to a "lonely poster trolling himself" informing him that he's just a sad and lonely poster trolling himself and must have an illness?

..... er .... re-wired?