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Not just the middle class. My lodgers used to spend 1 evening a month moving balances from one interest free credit card to another. The pandemic has meant they
by LatteLazy 5y ago
Not just the middle class. My lodgers used to spend 1 evening a month moving balances from one interest free credit card to another. The pandemic has meant they've paid their debt off. They suddenly asked about ISAs (British tax free savings accounts) and buying things for the house.
No booze, no eating out, fewer drugs, no entertainment events, no holidays, it cuts across economic groups.
- MattGaiser 5y agoMore accurately in my comment anyone who kept their job/source of income. But yes, a lot of people are doing well in all of this.
- LatteLazy 5y agoTrue. They've both kept their jobs (I think even with furlough taking 20% of income they've been better off in cash terms).
- newsclues 5y agoLots of lower income people have been hit hard by inflation and stagnant or drops in income.
- LatteLazy 5y agoAt least over hear inflation has remained negligible. It must be a nightmare if you've lost your job (not been furloughed, just dumped) and I think plenty of people on zero hour contracts or similar are in that position. Still, things are at least starting to reopen. I wish we had US style bankruptcy laws here. Plenty of brit will spend a decade or more having their lives ruined by the last 18months.
- bidirectional 5y agoHas there been significant inflation outside of housing/stocks/bonds?