Spending rises as living standards fall

“So, we're in the midst of both a long-term and a short-term economic crisis of cost of living here in the UK and across the world. living standards have fallen ”

“The reason your living standards are falling is because of growing inequality.”

“Living standards have been falling and have fallen quite a long way for nearly 20 years now here in the UK and across the Western world.”

“we are expecting to see like a pretty significant collapse in living standards all around the Western world. Well, not just the Western world, the entire world.”

“if you want to stop the collapse in living standards.”

“But I think what history also shows us is that it can go both ways. You know, it can go both ways. You know, it can make living standards much worse.”

“inequality is not being talked about enough and that's making our predictions wrong and it's making living standards fall”

“So, basically, this crisis is going to hit the poorest the hardest um and it's going to have the the most obvious impact, it's going to be more expensive for yo”

“I've been kind of convinced in my predictions of the future that living standards, um, and politics will get worse. And unfortunately, throughout the course of ”

“Living standards are falling. And what does one of the most prominent economic journalists in the country have to say about that? That these guys are perfectly ”

“At the time, people were very unhappy because living stands were falling, the economy was weak. And what Jeremy Hunt said was, "We know that living standards ar”

“who see their living standards falling.”

“growing inequality of wealth is destroying living standards. If you don't do anything about the billionaires, your kids will be poor.”

“the way that those two crises were managed has led to falling living standards”

“a big part of the reason why people, especially young people, are having mental health problems, is because it's increasingly impossible just be able to afford ”

“living standards are falling quite quickly people's children and grandchildren are and will be much poorer than than they are or they were and that is scary”

“the reason for falling living standards is growing wealth inequality government and the middle class are being squeezed out that inequality is continuing to gro”

“I think that living standards will continue to decline. I think that Labour and Keir Starmer will become increasingly unpopular because of that”

“followed by a collapse in living followed by a collapse in living followed by a collapse in living standards of the middle class”

“increasingly the average person in this country struggles to simultaneously feed their kids and turn the heating on”

“Families spending more on their income, losing their assets, going into debt. Governments losing their income... spending more than their income, losing assets,”

“my dad is born in 57 who work for really my dad is born in 57 who work for really my dad is born in 57 who work for the Post Office Royal male 35 years [00:20] ”

“when inequality grows quickly living standards for the rich increase and living standards for for the poor fult”

“If inequality keeps increasing and keeps increasing and keeps increasing, living standards will get worse and worse and worse and worse. It will be extremely de”

“in a world where the economy has gotten massively worse and will continue to get worse, and living standards will continue to get worse for ordinary people, and”

“the reason that governments are having to charge much higher levels of tax to provide much worse levels of service is quite simply because governments are much ”

“the middle class is accumulating these massive mortgage debts and student debts especially in the US and the government is accumulating these massive government”

“if there's no action on inequality that their lives are going to get worse and get worse and get worse”

“And, because this inequality problem is not being fixed, it inevitable that the economic problems and the living standards problems will keep getting worse and ”

“continually promise growth and all they continually promise growth and all they continually promise growth and all they deliver is falling living standards”

“So you can see straight away they're in a bad situation, right? Because you have a world, loads of people need to work. There's very few potential customers, an”

“I still remain convinced that this money given out during COVID is what's driven the fall in living standards.”

“your houses are under attack your living stands are under attack your living stands are under attack your living stands are under attack”

“look at like the youth home ownership is collapsing right those houses are not disappearing look at government debt it's going through the roof”

“The rich are getting richer and richer and richer and richer. Ordinary living standards are collapsing.”

“it is the only way to prevent the collapse of Western living standards”

“falling living standards will be the dominant political issue of the next the dominant political issue of the next the dominant political issue of the next 10 y”

“If you were to take this money to burn it, you would increase living standards. And the reason for this is, if you were to do this really significantly, tax the”

“we've seen government debt explode we've seen living standards collapse for all no working people at the same time the biggest and fastest ever increase in the ”

“we've seen government debt explode we've seen living standards explode we've seen living standards collapse for all no working people at collapse for all no wor”

“this country we're shutting down the welfare state we're shutting down the welfare state we're shutting down the welfare state we're shutting down the healthare”

“if the fundamental problem in the British economy or even the global economy is a lack of productivity productivity why is wealth of the richest people in the c”

“massively increase and living standards massively decrease”

“look at what shops are closing down what's opening up look at the homeless people is there more is there less that's the economy is the [ __ ] real world econom”

“I start thinking, okay, well, almost all the ordinary people are losing their assets, going into debt, governments are losing their assets, are going into debt.”

“We literally caused inequality to increase at the fastest rate in the history of the country during a time when the economy was literally closed. And we were su”

“And yet if you look at most individuals, you will find that over time they do tend to get richer over time. And that is because in most careers you get salary r”

“your kids living standards will be your kids living standards will be your kids living standards will be significantly worse than yours”

“Living standards stay terrible, and I think they will get worse. But asset prices and house prices will start to increase. And that could be very divisive in ou”

“if you don't stop that living standards will decrease right”

“If you pause the economy and rapidly increase inequality when you unpause the economy is inevitable, you will see a significant fall in living standards.”

“that means less spending power in the that means less spending power in the economy that means lower wages that economy that means lower wages that means poorer”

“if you don't fix inequality, the economy will collapse and living standards will collapse”

“the 10-15 years since 2009 have seen some of the biggest and fastest falls in living standards for ordinary people in the history of the country in peacetime”

“when you look at how significantly living standards have fallen in the last three years it's not going to keep happening at that speed but I guarantee you, I gu”

“GDP is rising and people's lives are GDP is rising and people's lives are GDP is rising and people's lives are getting worse 100 you can have that”

“The Ordinary People of the country who are struggling and making it increasingly impossible for ordinary families just to live their lives”

“inequality has increased and you are seeing that fall in living standards for ordinary people.”

“result is prices will will stay high result is prices will will stay high result is prices will will stay high they won't come back down they won't come back do”

“we can see poverty growing we can see living standards falling and that is inevitably what will happen if you have growing inequality slowly dying middle class ”

“the increase in inequality caused by COVID policy and the decrease in the value of currency caused by COVID policy have allowed a massive decrease in real wages”

“the speed at which living standards are falling have fallen in the last 2-3 years it's massive and I don't think they'll keep falling at that speed but from her”

“who gives a f*** if GDP is going up if life is getting worse and worse for the majority of the people, it doesn't f***in matter does it?”

“our middle class will shrink living standards will shrink will shrink living standards will shrink and the economy will continue to fail”

“in terms of the rapid decrease in living terms of the rapid decrease in living terms of the rapid decrease in living standards the rapid increase inequality”

“what is happening now in terms of the rapid decrease in living standards the rapid increase inequality very similar to the 1920s and 1930s”

“living standards will fall because if Ordinary People Are Made poorer then they can't spend as much stuff that drives the economy down because there's less spen”

“you'll see massive increases in debt you'll see decrease in living standards you'll see sort of the sort of slummization of London”

“the billionaires are taking everything and that's why you can't afford to eat you know what I mean that's the truth”

“at the same time living stand is decreasing”

“if you allow inequality to increase especially if you're allowed to increase massively like it has done in the last few years they're living standards for ordin”

“the fall in living standards is is connected to and ultimately caused by the increasing inequality and understanding that when inequality increases that hurts o”

“simultaneously living standards of ordinary people are really falling quickly but living standards of the rich are rising really quickly”

“the government caused a £450 billion problem of inequality that money went to the rich and now they're trying to fix it with just £15 billion pounds - 30 times ”

“there are more food banks than there are more food banks than McDonald's in the McDonald's in the McDonald's in the UK”

“inflation will come down but inequality will not come down and what that means is inequality will be left permanently higher which will mean that ordinary peopl”

“if you are going to have the largest and quickest ever increase in wealth inequality then that will be associated with the largest and quickest ever decrease in”

“now suddenly we have a crisis that massively increases inequality and it's going to get worse”

“we're seeing an economy which deals with crisis by punishing ordinary working families and really rewarding the rich”

“we live in a country where ordinary families are getting poorer generation after generation”

“homelessness is increasing differently especially under the conservative government with austerity and stuff like that”

“big increase in house prices big increase in inflation and a massive falling standard of living so do the qe accept that it's going to cause a massive increase ”

“ordinary people's wages are not keeping up with cost of living house prices are doubling food prices going up bills are going up ordinary people are being conti”

“when we look at what's happening to costs for ordinary people happening to costs for ordinary people happening to costs for ordinary people increases in increas”

“after already having seen inequality increasing so much in the last 10 years now with covert that's really going into superdrive”

“what this means is everything the government did last year the furlough scheme eat out to help out support for self-employed people businesses every single poun”

“all this money that was getting poured into this money that was getting poured into the economy it wasn't going to ordinary the economy it wasn't going to ordin”

“because millions of people stuck at home here and also in the us can't work can't make an income and the stock markets have just been exploding right”

“here's an economy where the ordinary worker is losing their jobs worker is losing their jobs worker is losing their jobs losing their income and yet stock price”

“ordinary people are sitting home trying to work but works not working for them right they can't make any money and they're just seeing the wealthiest people the”

“it leads to low wages unaffordable housing lower living conditions and that's what i think happens if you have very high inequality”

“if the ordinary workers are struggling and I think we're going to see that definitely going forward this furlough scheme ends this month in terms of the first t”