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How are we all coping?
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<blockquote data-quote="binky" data-source="post: 531242" data-attributes="member: 490"><p>Going on strike is more about desperation, austerity has devalued most people's wages by about 20%, Covid has added a 2year pay freeze, and inflation is just taking people over the edge. </p><p></p><p>As for interest rates, I saw an economic expert on the TV let slip that really just protects financial institutions from bad debt, IE they charge us all more to cover any anticipated losses. Now if there's a sure way to guarantee more people default on their mortgage...</p></blockquote><p></p>
[QUOTE="binky, post: 531242, member: 490"] Going on strike is more about desperation, austerity has devalued most people's wages by about 20%, Covid has added a 2year pay freeze, and inflation is just taking people over the edge. As for interest rates, I saw an economic expert on the TV let slip that really just protects financial institutions from bad debt, IE they charge us all more to cover any anticipated losses. Now if there's a sure way to guarantee more people default on their mortgage... [/QUOTE]
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