Ponty
pfm Member
I agree, but they will do all they can to avoid wages keeping pace and the only way to do this will be to rent everything as it will all be too expensive to buy.
Buying a car these days is too big of a financial commitment, it will be well out of date tech wise by the time they've paid it off and god forbid they're driving around in something that doesn't have all the latest whizz bangs in it. A bit different from previous generations when all cars were basically the same inside, three pedals a steering wheel and a shonky radio, nobody used to care about owning one for 10+ years because the likelihood was the new one wouldn't have much else in it!
I’m sure I heard that fine fellow David Buik on the radio yesterday saying wage inflation was around 8%. Car prices have become ridiculous. A decent car was pretty cheap only a few years ago. When I started to drive, my mates and I all drove cheap bangers, we just didn’t care what it was. Now every new driver wants a new Fiat 500 et al. No wonder they haven’t got any money. Crazy!