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Post by tom on Nov 17, 2022 14:05:14 GMT
They say its the highest level since the early 80's.
That was when I was embarking on a new life, NOT being free and single....more responsible. I think Will and Sarah were on the same path about then.
I cant remember all this whinging and moaning..."how am I going to survive" attitude.
WE just got on and survived, lived our lives to our income, survival is not the word, we just tightened the belt and adjusted our budget to fit our income.
Is all this panic being media driven...they love a good panic, lets get the people depressed and suicidal...we(the media) love a nation commiting suicide, give us more doom and gloom headlines.
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Post by mulv on Nov 17, 2022 19:28:10 GMT
Last time inflation was this high the average house price was less than four times the average income. It was tough, but do-able.
Now the average house price is over seven times the average wage. It's no longer do-able.
As a proportion of income, mortgages and rents are way in excess of anything we've ever known.
In 1980 people could tighten their belts. Sadly, in 2022 they're already as tight as they'll go.
I think we can expect to see a massive rise in mortgage defaults over this winter.
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Post by will on Nov 17, 2022 19:45:05 GMT
Also, electricity and gas prices didn't go up by 50%+ in a year.
We'll manage but it will mean dipping into our savings until July when I get my old age pension. People whose income is similar to ours (around £20k in total - NOT each) and don't have any savings will struggle to keep warm and feed themselves. Those earning less, well, I dread to think.
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Post by tom on Nov 17, 2022 22:29:09 GMT
I agree Will, but we will get through it, maybe I'm moaning about the moaners.
I can remember quite a few years back, when house prices were nowhere near what they are today, wondering how my kids would get on the "housing ladder", they all have. Even managed to gather kids along the way
We do seem to be encouraged to moan though, the point I'm trying to make is that we are capable of copping and will cope.
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Post by will on Nov 18, 2022 8:54:46 GMT
I agree Will, but we will get through it, maybe I'm moaning about the moaners. I can remember quite a few years back, when house prices were nowhere near what they are today, wondering how my kids would get on the "housing ladder", they all have. Even managed to gather kids along the way We do seem to be encouraged to moan though, the point I'm trying to make is that we are capable of copping and will cope. Well in the 70s we had 3 TV channels, no internet and the newspapers. I seem to remember that the newspapers made quite a fuss about inflation, but on TV there were only two news bulletins a day on BBC1 and ITV, and they were shorter than now iirc. Now there are so many ways to access news and then to discuss it. |
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Post by tom on Nov 18, 2022 9:13:11 GMT
I agree Will, but we will get through it, maybe I'm moaning about the moaners. I can remember quite a few years back, when house prices were nowhere near what they are today, wondering how my kids would get on the "housing ladder", they all have. Even managed to gather kids along the way We do seem to be encouraged to moan though, the point I'm trying to make is that we are capable of copping and will cope. Well in the 70s we had 3 TV channels, no internet and the newspapers. I seem to remember that the newspapers made quite a fuss about inflation, but on TV there were only two news bulletins a day on BBC1 and ITV, and they were shorter than now iirc. Now there are so many ways to access news and then to discuss it. And Facebook, oh I forgot, Forums. 24-7 news coverage is the driver on this, the ITV midlands political commentator seems to relish a political crisis. She positively hated Boris, enjoyed Truss's demise, but seems fairly happy with Sunak. Will be interesting what she makes of a Labour PM, not long to wait now. |
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Post by anglais on Nov 18, 2022 11:16:05 GMT
Although we live in France our Pensions are taking a big hit. We are paid in GBP which then have to converted to Euro's and the conversion rate has plummetted. Also there are savings restrictions in France. When you hit the limit then you have to invest in Life Insurance which is at the mercy of the stock exchange. In 2008 the value went down by 20% overnight. It took us 6 years to recoup the losses, now they have plunged again because of Ukraine.
We are furtunate that we put the maximum into our Pensions and AVC's before we came here.
Taxes here are rediculously high, and food is around 30% higher than in the UK.
We are still being taxed by both France and the UK. The UK is stopping income tax at source on our Pensions, We have been told that it cannot be sorted until June next year due to staff shortages at the Overseas Tax Office in Wolverhampton. Rishi should owe us a considerble sum by then.
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