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That's what's got us into this mess. People spending beyond they're means.  Keeping up with the neighbours etc. What's expected of a family now blah blah blah. You live how you want to and to hell with everyone else.

 

A sense of pride for earning what you have seems to be lost now. It's all "credit now" and worry about paying it later. Few people do pay it later though. They're the one's who put the interest up. 

Cagney

Credit, consumerism and materialism are nothing new and nor is keeping up with the Joneses.  The post war generation have been referred to as Generation Jones who are now 55+.

 

I know the OP doesn't like me banging on this drum, but the stats confirm that only the property owners and the rich benefited during the good times in the 80s and 2000s.  So while wages were static for most, property, and utilities became much more expensive.  Consumer electronics and clothes became relatively cheaper so I don't go along with all this guff about 40" TVs.  40" TV = ÂĢ500, small house = ÂĢ120,000.

 

It was never 40" TVs that bankrupted the country it was deregulation and lending to people who thought they were richer because they were riding a property bubble and taking out loans on the back of that property bubble.  It's why interest rates have to be kept at historically low levels to stop the whole house of cards falling down.

 

Carnelian
Originally Posted by Carnelian:

Credit, consumerism and materialism are nothing new and nor is keeping up with the Joneses.  The post war generation have been referred to as Generation Jones who are now 55+.

 

I know the OP doesn't like me banging on this drum, but the stats confirm that only the property owners and the rich benefited during the good times in the 80s and 2000s.  So while wages were static for most, property, and utilities became much more expensive.  Consumer electronics and clothes became relatively cheaper so I don't go along with all this guff about 40" TVs.  40" TV = ÂĢ500, small house = ÂĢ120,000.

 

It was never 40" TVs that bankrupted the country it was deregulation and lending to people who thought they were richer because they were riding a property bubble and taking out loans on the back of that property bubble.  It's why interest rates have to be kept at historically low levels to stop the whole house of cards falling down.

 

Blizz'ard

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