Cost of things
I was reading in today's Metro about how much people spend on their children as a proportion of their salary.
Unsurprisingly the less one earns, the greater proportion spent on presents. At the bottom end, those on £100 a week spend about £66 per child (66%) and at the top end, those earning £1000 a week spend £131 which is only 13%
What really interested me though is that even those at the very bottom spend so much so I pulled out my calculator and worked out how much was spent on me one christmas (at today's prices). Fortunately most of the toys I got in 1981 are still around (Tiny Tears Classic at £19.99 today was my big present) and I have a good memory! It comes to approximately £45.
Now at risk of sounding like a grumpy old codger who moans that kids these days have never had it so good...kids these days have never had it so good.
I appreciate the point the article makes about how much more of a struggle it is for those who are poorer but the fact that they can spend £66 surely indicates that quality of life is much better than it was a generation ago?
j
~It's a maze for rats to try, it's a race for rats to die.~