Wednesday 13 July 2011

National debt

Saw in the newspaper (or the daily mail at least) that the national debt, including future commitments is 80K for every family in Britain.
Might wonder where the money's going to come from, but in another article it commented that 60billion has been wiped off the value of the nations savings accounts by the excess of inflation over interest rates available to savers.
The bank crash cost me about half my savings as I worked for a major bank and had been encouraged through various schemes and tax breaks to invest in company shares.  OK shares can go down as well as up, but there's something (probably criminally) wrong when a major banks shares go down from £7 to 10p in a few months.
Lose your sanity with the pressure of working for a cost cutting company, then lose your job at the same time you savings get wiped.
No big deal, it's all only numbers on a statement anyway, until you try to buy something you want.

No comments:

Post a Comment