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Families Face a Fall in Living Standards as Bad as the 1970s
12/08/2011
It was recently reported in the National Press that it is feared by economists that households are facing a fall in living standards as severe as that experienced in the 1970s. Spending power within the home is under a considerable amount of strain due to rising levels of inflation and taxes and the freezes that have been put in place on most people's wages.
In the 1970s the rising levels of inflation and high unemplyment levels undermined living standards. It is anticipated that an average family will have £360 less to spend this year following the fall in the value of household income.
Homeowners aged over 55 years who are worried about their living standards and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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