chrisd
Major Champion
yeh mum and dad now tell us of the struggles of the mid eighties. living off lentils etc after we had eaten, 100 quid cortina's with newspaper floors painted black to pass an MOT. Imagine what would happen to this generation (ie those 25-40) if the mortgage rates went up to 15% again. I imagine 60%+ would be screwed...
For sure it wasn't easy but it's often forgotten that those of us in regular employment often got 3 or 4 wage rises a year to cover the inflation.