Comments by "boz" (@BOZ_11) on "LBC"
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For any budding economists reading this, the average UK house price was £30,000 in 1984, and average wages were £9,100 per annum (a multiple of 3.29x). Today, the average house price is £286,000 and the average wage is £31,616, a multiple of 9x. In other words, adjusted for inflation, houses cost nearly three times as much today (2.7x). The Bank of England boss should be fired for hiking interest rates, causing repossessions and mass economic harm
So, no, younger generations have it nearly 3x as hard. Anything he says to the contrary flies in the face of the above fact
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