Household Income...

Graham_Devon

Interesting programme.

We can now boast that we are the most unequal country in Europe.

We can boast that the rich have got massively richer over the past decade.

We can boast that companies are making profits higher than at any time on record, while wages are falling back.

And one of the biggest reasons for it all, as the programme pointed out, is property prices. BTL landlords buying up properties ahead of first time buyers..... getting richer amongst themselves, therefore buying even more properties, therefore widening the gap between rich and poor even further.

noodle_doodle

Heh, I'm in the poorest 45%. Giz some benefits.

I thought I'd be higher than that, so basically I'm poor despite working at a university so everyone on benefits can F.R.O. and get a job.

Though if I pretend I have no kids I jump to being considerably richer than yaow to 76% of the country

N1AK

the_flying_pig wrote: »

i've read that "Nearly a third of mortgage debt is held by households that have borrowed more than four times their income"...
... of course many of these borrowers will have decent pensions & plenty of housing equity, but many won't.

do others think that liabilities are properly reflected in the chart?

I'm also a little dubious about end but mortgages probably aren't being ignored. If you have a mortage then, unless you are also in negative equity, the value of the property is likely larger than the debt so in total you would have a net wealth.

Most people have debts, that doesn't mean that most people's debts are larger than their assets.

the_flying_pig

N1AK wrote: »

I'm also a little dubious about end but mortgages probably aren't being ignored. If you have a mortage then, unless you are also in negative equity, the value of the property is likely larger than the debt so in total you would have a net wealth..

That's not really true. Your net housing wealth can only be the amount of equity you have less the amount of debt.