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Families Face Biggest Pressure on Finances for 150 Years
23/05/2011
It was recently reported in the National Press that due to a compbination of inflation and low pay rises, families are facing the greatest pressure on their household finances for nearly 150 years.
It is the first time since the 1870s that the real wage rate has dropped for 4 successive years. The real wage rate is calculated as the value of your wages minus the inflation rate.
In addition to the reduction in real wages, households have also faced increases in energy and food bills.
Homeowners aged over 55 years who are worried about their earnings 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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