No Money To Speak Of

It's not surprising, given the ease in getting silly amounts of credit, and that more of us are single, working-age adults with no dependants. News then that it's becoming the UK's biggest group living in poverty:


Of course, I always question the measure of poverty. For example, at one time it was based on, amongst other things, the number of TV's in a house. If you had more than 1 you were well off. But with the huge amount of credit freely available, you can buy TV's for every room. Still haven't been to a house that has one in the toilet, but I'm sure "Mad Mike" of MTV's Pimping fame has already looked at squeezing one of his famous 7 inch monitors in his WC ;-)

It still shocked me recently, realising that I'd sufficent credit on all my accounts, cards, and loans, to give me nearly double my annual salary. And that's not even including a mortgage, something I doubt I'll be in a position of doing anytime soon.

Not surprising then to hear that we're all going to be poorer in our old age than our parents.

About Alan Bell

Lapsed: electronic engineer, scout leader, project controller.
Now: Oracle Primavera training consultant, business support manager, occasional website designer.

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This page contains a single entry by published on September 15, 2005 1:25 PM.

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