Gary Stevenson
Region: ES
Sunday 14 January 2024 09:00:00 GMT
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Richard32206 :
1979. One man can work 5 days, keep a household, wife and kids, own a car maybe, buy a house for £2000. 2023. £2000 is your monthly rent.
2024-01-15 14:01:18
44
Banana Is My Business :
Any politician that decide to tax the super rich will have their career destroyed like they did to Jeremy Corbyn. What is the way out?
2024-03-15 08:47:58
1
MattBlack :
We’ve been sold a lie that higher house prices mean we are richer when we are not.
2024-01-14 10:12:33
42
Jimmya149 :
I earn 1/3rd more than I did 8 years ago, but in real terms same buying power, but with 2 kids and a mortgage. can't even afford a beer 🥶
2024-02-22 09:43:26
4
FC Economics :
House prices aren’t included in inflation indices
2024-01-14 09:14:35
1
Turin :
Been saying this for ages. I’ve *ridiculously* exceeded both parents career wise. And I’m roughly where they were at my age lol.
2024-01-14 18:24:09
24
KaapseKlong@76 :
yet again great post @Gary Stevenson fantastic post as this is exactly as I feel as an expat that settled in the UK 20 years ago 👏🙏
2024-01-14 09:59:32
12
batch650 :
The secret is to give your kids their inheritance earlier in life by borrowing against your unencumbered property. Sooner the better.
2024-04-03 17:14:03
0
r1glv :
Great explanation, one question… what is the definition of rich for this?
2024-01-14 15:47:29
5
Pepe :
thank you Gary. so valuable 👍
2024-01-14 09:39:59
5
user537351973323 :
Best explanation of how wealth flow from normal families to the rich and the impact on society.
2024-01-14 11:07:37
3
collus :
this is a great illustration why there is no general appetite for wealth taxes - it's a mass delusion. even Labour know it's a vote loser and therefore will do little to reverse wealth inequality.
2024-01-14 11:43:30
3
Suj :
House prices are higher because wealthy ppl gave bought property for investment. Many of these investors are foreign, rents are high & Governments have not invested in social housing sufficiently
2024-01-16 08:56:30
2
Parvez Anwar713 :
Until the media is made to be independant and presenting the truth the sutuation will not change.
2024-01-24 01:58:32
1
Parvez Anwar713 :
Thank you Gary as always. Tory politicians together with the right wing media have been selling lies convincing people of what you are saying.
2024-01-24 01:55:41
1
Barefoot Dreamer :
So close. Assets haven’t significantly increased, money has devalued. The “illusion” was shifting to cheaper disposable products shifted off shore.
2024-01-19 14:26:39
1
user1130436268612 :
Going back to times when poor people couldn't buy houses or afford to feed their families properly. At one time rickets was common, as were other nutritional deficiency conditions.
2024-01-16 22:05:18
1
Guer rila :
Standing together and fighting back? What would we do?
2024-03-04 08:19:06
1
user113129735605 :
in a globalised world, it could also be a case of regression to the mean...
2024-01-16 13:06:06
0
Anoti :
You mean the illusion of prosperity?? Sorry but why do you always say things slightly differently or weirdly. I always notice this whenever I see you speak.
2024-02-17 23:06:02
0
Richard32206 :
GDP isn't a measure of rising living standards or wealth, its how much is produced and as that is taken from the retail price, we are paid just a %
2024-01-15 14:20:37
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r2d2uk :
Exactly: I don't want my house to earn more than I do, whilst my children won't be able to afford a house.
2024-01-16 12:28:39
0
Personal_Sandman :
Also to remember the older the generation, the less likely that both 2 adults worked, so genX and millennials are poorer and have 2 incomes
2024-01-14 18:47:44
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Scandi1712🇪🇺🇬🇧 :
there are greater choices in society for a price, but not open to all.
2024-01-14 16:39:29
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eagerfeat :
The funny thing is, this is obvious to all, UNLESS they had that Thatcherite ‘no such thing as society’ thing drilled into them. Like ALL our elderly
2024-01-17 12:18:46
0
Es_blossom :
Even if you adjust for country, political situation etc, my parents at my age we’re doing soooo much better than I am now.
2024-01-19 10:44:39
0
TigerMan :
You need to get in touch with Russell Brand
2024-01-14 14:56:24
0
stonem4u :
Yes use a trust fund set up at birth for the projected value over time.
2024-01-14 14:27:39
0
TaLk2MeP :
❤️🙏
2024-01-14 13:50:52
0
Kitten in the Clouud :
This is what INFLATION does.
2024-01-26 10:24:44
0
finifilms :
Thatcher and Reagan unrolled Friedman economics privatisation and deregulation basically ripped the country’s assets for corporates
2024-01-27 14:44:44
0
Interesting.Sh*t :
Great observation Gary, you make me think; which I think is the point! 💪
2024-01-31 09:13:22
0
wildernelsea 🏴 :
👏 👏 🙏
2024-02-08 13:28:33
0
quriousmr :
So how to reverse it? also why do the working class despise the middle class, which has been sacrificed over time to make the upper class richer. I believe both classes are now poor! so unite not divi
2024-02-10 10:50:12
0
lubo_dd :
The very basic thing is to stop calculating GDP increase based on house price increase or decrease. That is the main wealth destroyer due to interest.
2024-02-12 20:11:23
0
Paul Duckworth231 :
This is called Simpsons paradox.
2024-01-15 22:39:00
0
julie_rowlands :
Higher house prices came about when interest rate setting was handed to the Bank of England. I bought before that when interest rates were at 15%! I didn’t spend on clothes, drugs, takeaways or Ubers
2024-02-19 10:16:25
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JoshuaStebbing :
Fantastic video again mate.
2024-01-14 13:26:08
0
LB1K :
You need to look at the rise of women in the workplace. Once women started to be allowed to become financially independent, owning their own homes…
2024-02-25 10:25:53
0
LB1K :
And building a career. They started to figure out they didn’t need men to rule the world - what happened next - it became impossible to buy…
2024-02-25 10:26:57
0
LB1K :
A house on your own 😢
2024-02-25 10:27:58
0
Jo B :
I believe the UK is in decline as young people are having to work a lot longer before they can purchase a property. Rents are crippling them
2024-02-29 15:32:22
0
ickledot :
Are you cold? An extra jumper might be an idea rather than, or in addition to, the gloves. Great video btw.
2024-01-14 10:54:42
0
BonBonWhit :
This. 👍🏼 more people need to watch/be exposed to this logical & informed explanation
2024-03-04 22:54:52
0
ivantheobserver :
wait till the nhs is totally detroyed and the private providers start to take the velvet gloves off. smash!
2024-03-07 21:17:09
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Mark :
It starts with Thatcher, slightly perpetuated by labour, but 14 years of Tories have accelerated it. This isn't capitalism.
2024-03-08 06:55:35
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