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I'm very working class. Almost everyone I know outside of work is either unemployed or retired so I don't think it's that. Like you I'm personally worse off fo

by kypro 3y ago

I'm very working class. Almost everyone I know outside of work is either unemployed or retired so I don't think it's that. Like you I'm personally worse off for sure with tax increases and mortgage increases, but obviously most people don't have mortgages, pay much tax, and most people get help with things like fuel bills. I guess I'm just surprised that given how much extra money the average person is getting that the economy is doing so poorly. You're right, I might be out of touch though... All I'm saying is that this doesn't align with what I see personally, and I'm surprised given the extra income most people are getting that there isn't more economic activity, but clearly I'm wrong.

pjc50 3y ago
> most people get help with things like fuel bills No they don't? What are you referring to? There really is not a lot of extra money coming in once you properly account for inflation. Energy and fuel inflation has hit productivity of businesses pretty hard as well as individuals.
IneffablePigeon 3y ago
> most people don’t have mortgages Most people do either have mortgages or pay rent which pays their landlord’s buy to let mortgage on the house they live in. Mortgage rates and rents have both spiked very sharply. Along with energy bills that’s a huge chunk of most people’s expenses.
rsynnott 3y ago
> but obviously most people don't have mortgages Most people in the UK either have mortgages or pay rent (and rent tends to be more expensive than mortgage payments) > and most people get help with things like fuel bills. ... Are you under the impression that most people in the UK are pensioners?
solumunus 3y ago
Do you live with parents? I can’t think of any other way you could be so disconnected. > given how much extra money the average person is getting This just isn’t reality. Price increases have been far greater than pay increases, it’s as simple as that.

by kypro 3y ago

pjc50 3y ago

> most people get help with things like fuel bills No they don't? What are you referring to? There really is not a lot of extra money coming in once you properly account for inflation. Energy and fuel inflation has hit productivity of businesses pretty hard as well as individuals.

IneffablePigeon 3y ago

> most people don’t have mortgages Most people do either have mortgages or pay rent which pays their landlord’s buy to let mortgage on the house they live in. Mortgage rates and rents have both spiked very sharply. Along with energy bills that’s a huge chunk of most people’s expenses.

rsynnott 3y ago

> but obviously most people don't have mortgages Most people in the UK either have mortgages or pay rent (and rent tends to be more expensive than mortgage payments) > and most people get help with things like fuel bills. ... Are you under the impression that most people in the UK are pensioners?

solumunus 3y ago

Do you live with parents? I can’t think of any other way you could be so disconnected. > given how much extra money the average person is getting This just isn’t reality. Price increases have been far greater than pay increases, it’s as simple as that.