Property News · December 10, 2016

Oh for the 1960s! People earned less but could afford more


My 90-year-old father was, in today’s terms, earning £25,000 at the time. But he had a house, a TV and a Ford PopularThe Bank of England governor told us this week there has been a “lost decade” of wage growth. But is the truth really a lot worse than that?By chance it was the same week my 90-year-old father decided to show me his carefully filed tax returns from the 1960s (yes, that’s what counts for fun in the Collinson household). In 1963-64 his pay as an accounts clerk in London was £1,357 a year. In today’s money that equals a little over £25,000 a year once inflation is taken into account. Continue reading…

Source : theguardian.com
Read more…Oh for the 1960s! People earned less but could afford more

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