Quote:
Originally Posted by Pierre
No. Why would all workers, and non-workers from the 70’s onwards be guaranteed to be able to afford a private pension?
Do tell.
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The average wage in 1977 for manual worker per week was £70
Adjusting for inflation today would equate to approx £399
The average weekly wage now is £ 453.30
Now compare house valuations/prices vs salary etc
You generally got a lot more for your money in the 70s and if people were stupid enough to spunk it up a wall rather than plan for their future. Well,tough ?
Furthermore (and with zero evidence whatsoever) I’m betting that those twisting on about this are the same people who say that all youngsters need to do to buy a house is to cut down on Starbucks/avacado on toast/Netflix etc