From the Guardian yesterday

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diamond lil
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From the Guardian yesterday

Post by diamond lil » Sat Oct 28, 2017 12:03 pm

I found this interesting:
"The figures paint a worrying picture of Britain in the red, and comes as the growth of personal loans, credit cards and car finance outstrips the rise in earnings by almost five times. Bank of England data shows personal debts have risen to levels unseen since the financial crisis, reaching more than £200bn."
Sorry I lost the link and the article it came from. But it's worrying.

jansman
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Re: From the Guardian yesterday

Post by jansman » Sat Oct 28, 2017 3:02 pm

Here ya go !
https://www.theguardian.com/money/2017/ ... ut-uk-debt
I read the article,and I agree - it is a big concern.
In three words I can sum up everything I have learned about life: It goes on.

Robert Frost.

jansman
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Re: From the Guardian yesterday

Post by jansman » Sat Oct 28, 2017 3:11 pm

And the principle us old fashioned and financially unsophisticated folks live by.Not trendy,but you know? It works!
http://micawberprinciple.com/the-micawb ... inance-45/
In three words I can sum up everything I have learned about life: It goes on.

Robert Frost.

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Arwen Thebard
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Re: From the Guardian yesterday

Post by Arwen Thebard » Sat Oct 28, 2017 3:12 pm

Worrying indeed. Lots of desperate people out there unfortunately. :cry:
Arwen The Bard

"What did you learn today?"

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diamond lil
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Re: From the Guardian yesterday

Post by diamond lil » Sat Oct 28, 2017 4:25 pm

Thanks jansman. And apart from anything else, trying to prep with a load of debt is like trying to run with an anchor round your neck.

grenfell
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Re: From the Guardian yesterday

Post by grenfell » Sat Oct 28, 2017 8:10 pm

I suppose all we can do is look after our own debt and to reduce that as much as possible but I do worry that we can do very little about the " wider picture" and that the ramifications are beyond our control.

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Deeps
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Re: From the Guardian yesterday

Post by Deeps » Sat Oct 28, 2017 9:56 pm

grenfell wrote:I suppose all we can do is look after our own debt and to reduce that as much as possible but I do worry that we can do very little about the " wider picture" and that the ramifications are beyond our control.
That's life mate and why we prep. It is crap that you can do everything that you're told/expected to do and it can still go to ratshit but there's no guarantees, you just do the best you can and curse 'da man'.

jansman
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Re: From the Guardian yesterday

Post by jansman » Sun Oct 29, 2017 6:47 am

diamond lil wrote:Thanks jansman. And apart from anything else, trying to prep with a load of debt is like trying to run with an anchor round your neck.
Wise words.
In three words I can sum up everything I have learned about life: It goes on.

Robert Frost.

grenfell
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Re: From the Guardian yesterday

Post by grenfell » Sun Oct 29, 2017 8:22 am

Deeps wrote:
grenfell wrote:I suppose all we can do is look after our own debt and to reduce that as much as possible but I do worry that we can do very little about the " wider picture" and that the ramifications are beyond our control.
That's life mate and why we prep. It is crap that you can do everything that you're told/expected to do and it can still go to ratshit but there's no guarantees, you just do the best you can and curse 'da man'.
Yeah very true. If I were more disposed to dispondancy I'd probably look at all the factors , events , and conditions that are out of our control and start a thread called something like " the futility of prepping" :D . As it is no real use worrying about things I can't do.

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