Why has Britain fallen behind on getting richer?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 26 January 2024
⏱️ 67 minutes
🧾️ Download transcript
Summary
The Centre for Cities said that the average household's disposable income has fallen £10,000 behind where it would have been if pre-2010 growth rates had been maintained.
On average we have got better off, but we are well below what would have been expected.
On this episode of the This is Money podcast, Georgie Frost, Lee Boyce and Simon Lambert look at what the problems could be, why aren't we getting richer quicker, why are we falling behind our international peers and what can be done.
Plus, while our living standards arent rapidly accelerating, house prices have and the average seller made more than £100,000 last year - is property inflation and the slowing in disposable income growth linked? Simon, thinks it's part of the problem.
Savings rates have started to slip, so do dividend-paying investment trusts yielding 5 per cent or more look like an attractive move.
And finally, some tips on how to make the most of Avios points - but who on the team is the Avios winner and who is the self-described Avios loser.
Transcript
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| 0:00.0 | Welcome to This Is Money podcast sponsored by Charles Stanley Direct. I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce. |
| 0:09.9 | And coming up, it seems we're getting poorer as disposable income falls. But how worried should we be? |
| 0:16.8 | Given that many of us are making a packet on properties. But how evenly is that spread? |
| 0:21.6 | First-time buyers are still stuff though, so a new plan is 99% mortgages. |
| 0:26.6 | What could possibly go wrong? |
| 0:27.6 | Time to reverse the dash to cash, asked Simon. |
| 0:30.6 | We look at the investment trust that could beat savings rates by paying 5% plus dividends. |
| 0:35.6 | And finally, do you bother with avios points? |
| 0:38.1 | If so, we have some tips on how to boost them. |
| 0:40.2 | If not, well, I'm sure it will be an entertaining part of the show anyway. |
| 0:44.3 | Don't forget you to update with all the latest breaking money news, |
| 0:46.3 | just go to this ismoney.co.uk or download the app. |
| 0:50.1 | But first, bad news for the residents of Aberdeen. |
| 0:54.3 | And to be frank, it's not much better news for the rest of us. |
| 0:57.3 | According to some number crunching by the Centre for Cities Think Tank, |
| 1:01.3 | we are over 10 grand less well off when it comes to spending money, |
| 1:05.9 | now then had pre-2010 disposable income trends continued. |
| 1:10.6 | Those in Aberdeen, well, they're a whopping |
| 1:12.6 | 45 grand down. So what on earth happened in 2010? What's going on in Scotland? |
| 1:19.6 | So Simon, welcome. Tell me more about these figures. |
| 1:24.6 | These figures come from the Centre for Cities think tank, which basically has |
| 1:31.5 | highlighted something that is actually pretty shocking. A major decline in disposable income since 2010. |
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