Thread: Rising cost of living
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Old 09-08-2022, 12:20   #245
1andrew1
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Re: Rising cost of living
Quote:
Originally Posted by tweetiepooh View Post
I guess good times is relative but over the past decades the percentage of wages spent on food dropped remarkedly. (I read somewhere it dropped from 25%+ to below 10%). If that were true then that is some capacity to save.
If you are buying luxuries that is also capacity to save, do you really need that luxury?
Food is just one part of household expenditure so whilst that may have dropped - what about the sharp rise in house prices and rental costs?
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