RSS Feed
August 1st, 2012 
FAKE NEWS for the Zionist agenda
By
Becky Barrow
20:12 EST, 31 July 2012
|
21:02 EST, 31 July 2012
Families have the same amount of money to live off today as they did nearly ten years ago, an official report shows.
The average Briton had a disposable income of £3,620 for the first three months of the year – the same figure, adjusted for inflation, as in 2003.
The numbers are worrying because, historically, workers can expect their incomes to keep ahead of inflation.
Worrying: Families have the same amount of money to live off today as they did nearly ten years ago, an official report shows
Many families will be even worse off than they were a decade ago because their food and fuel bills have soared well beyond the official rate of inflation.
The figures, from the Office for National Statistics, highlight the crippling impact of the worst downturn in a century.
Disposable income has fallen 1.1 per cent from the last three months of 2011.
Not good: Disposable income has fallen 1.1 per cent from the last three months of 2011
A spokesman for the Consumer Credit Counselling Service, a debt advice charity, said: ‘While everybody knows that household incomes are being squeezed, few would expect to have not made any progress in a decade.
‘It is pretty disheartening to think that ten years of hard work has not left people in a better position. It has, in effect, been a lost decade for them financially.’
The disposable income figure reflects what the average individual has left after tax and pension contributions. It has been adjusted for inflation.
John Wilkinson, head of protection and investments at Nationwide, said: ‘The statistics are a fresh blow to cash-strapped households struggling to climb out of the economic turmoil of the double-dip recession.
‘By the time they have paid their household bills and other essential items, it means they have little left to consider saving for their future, including family holidays and their retirement.’
Howard Archer, of the consultancy IHS Global Insight, said the tight household finances would restrict economic growth.
-
Forging of the Mandarin mermaid: How Chinese children are…
-
The world’s worst self portraits: Posers who should have…
-
China’s most incredible mother: Staggering story of the…
-
‘There was feathers and blood everywhere’: Boy’s shock after…
-
Couple are stoned to death for adultery in Mali and…
-
Michael Phelps IS the greatest Olympian ever: The Baltimore…
-
Youth detained over abusive Twitter messages received by Tom…
-
U.S. gymnastics team floors the competition with gold medal…
-
‘Holmies for life’: Shocking pictures reveal sick online…
-
The moment Zara’s gold dream ended: Royal’s horror as her…
-
Drunk driver, 23, ‘who ran over married mother on a morning…
-
College professor ‘plotted to burn down son’s high school,…
Share this article:
Related posts:
Views: 0
Posted in 
Tags: 
