From The Daily Mail: SIX MILLION Britons have no savings at all
From The Evening Standard: Six million people employ home cleaner
I just can't make up my mind whether the six million people without savings are the ones who spent it on employing a cleaner, or whether the six million without savings are the ones doing cleaning for a living.
Either way, I'm surprised that only six million people have no savings - I thought the whole idea behind Home-Owner-Ism was to ensure that as few people as possible have any savings.
Deiying
1 hour ago
7 comments:
Factoid. Average (AVERAGE) cash savings is less than £2,000 per person.
not sure if you've seen this:
http://www.thisisgloucestershire.co.uk/Crews-rescue-cow-pond/story-12854096-detail/story.html
hat-tip The Spectator!
L, so there must be a few of people with a heck of a lot of cash to balance it out.
SO, those stories are quite common. It's only newsworthy if the cow then attacks a rescuer or something.
"Either way, I'm surprised that only six million people have no savings"
Me too. If you have spare cash and a mortgage, wouldn't the sensible thing to do be to pay down the mortgage? How many people don't have a mortgage? Can't be many. Does money in a pension fund count as savings though?
Bayard has a point. Mnay people with zero savings will have a significant embedded value in 'entitlements'. Mnay of the 'unfunded', so hey ho, probably no 'savings' after all.
Oh thats easy. Its about slaves and masters. It all nets off in the end. Slaves clean their masters assets. Cleaners and savers.
Bayard. Good point.
But. . . 50% of households are mortgaged. 20% are rented. 30% are owned outright.
So not many people are above water.
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