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You are right about debt levels EC, but you can't just take two random items and use them to estimate inflation. As Clive says, a house is not an outright cost (and nobody forces you to buy one). Yes petrol had gone up but loads of things have come down by more - that's why inflation is calculated using a basket of goods and services.

Notwithstanding your point about debt, living standards are still massively higher. Look at figure one in this - http://www.ons.gov.uk/ons/rel/social-trends-rd/social-trends/social-trends-41/social-trends-41---income-and-wealth.pdf

Real disposable income massively higher.

Do you really think the average bloke's living standards haven't improved in the past fifty years? Fifty years ago most people had no central heating and had to go outside for a ****. Now they have two holidays to Majorca and sky telly.

<blockquote data-quote="BennyB" data-source="post: 2518760" data-attributes="member: 65563">You are right about debt levels EC, but you can&#039;t just take two random items and use them to estimate inflation. As Clive says, a house is not an outright cost (and nobody forces you to buy one). Yes petrol had gone up but loads of things have come down by more - that&#039;s why inflation is calculated using a basket of goods and services.Notwithstanding your point about debt, living standards are still massively higher. Look at figure one in this - <a href="http://www.ons.gov.uk/ons/rel/social-trends-rd/social-trends/social-trends-41/social-trends-41---income-and-wealth.pdf" target="_blank">http://www.ons.gov.uk/ons/rel/social-trends-rd/social-trends/social-trends-41/social-trends-41---income-and-wealth.pdf</a>Real disposable income massively higher. Do you really think the average bloke&#039;s living standards haven&#039;t improved in the past fifty years? Fifty years ago most people had no central heating and had to go outside for a ****. Now they have two holidays to Majorca and sky telly.</blockquote>

[QUOTE="BennyB, post: 2518760, member: 65563"] You are right about debt levels EC, but you can't just take two random items and use them to estimate inflation. As Clive says, a house is not an outright cost (and nobody forces you to buy one). Yes petrol had gone up but loads of things have come down by more - that's why inflation is calculated using a basket of goods and services. Notwithstanding your point about debt, living standards are still massively higher. Look at figure one in this - [url]http://www.ons.gov.uk/ons/rel/social-trends-rd/social-trends/social-trends-41/social-trends-41---income-and-wealth.pdf[/url] Real disposable income massively higher. Do you really think the average bloke's living standards haven't improved in the past fifty years? Fifty years ago most people had no central heating and had to go outside for a ****. Now they have two holidays to Majorca and sky telly. [/QUOTE]

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