- Original Poster
- #1
I know people off varying wealth some poor some rich. some living to there means others not living to there means.
My questions is that in this day and age when houses are still relatively unaffordable what do people target to spend on living as a percentage of there income. Is there a massive difference between middle aged and young even factoring in inflation?
Based on Mortgage/ct/utility's/insurance/Food what do you spend as a % off your household income? Or what would be your target?
Then add in pensions/cars/kids/socialing/holidays what does that now bring the % too?
Good old gordo brown thinks its a great idea that 'saving is pointless' especially when he lowers IR to 0.5% so after living do you really have enough to save and is this something society needs to change?
Jonny
My questions is that in this day and age when houses are still relatively unaffordable what do people target to spend on living as a percentage of there income. Is there a massive difference between middle aged and young even factoring in inflation?
Based on Mortgage/ct/utility's/insurance/Food what do you spend as a % off your household income? Or what would be your target?
Then add in pensions/cars/kids/socialing/holidays what does that now bring the % too?
Good old gordo brown thinks its a great idea that 'saving is pointless' especially when he lowers IR to 0.5% so after living do you really have enough to save and is this something society needs to change?
Jonny
