Consider a simple fact; overall, the cost of living has increased consistently over time. Try comparing the cost of buying a house or a car in the fifties, and now today, and you’ll find that the cost of living has gone up in real terms by many, many times.
What this means for Brits is that a pound these days buys you far less than it used to. Put another way, you’d need more money now than you would a few decades ...
Read more