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Thursday, February 14, 2013

Fact of the Day

Families of modest means, Resolution said, would be no better off in 2017 than they had been 20 years earlier. it might be 2023 before their earnings recovered to 2008 rates.

Saving for a deposit for a new house out of typical pay is now reckoned to take 22 years, which explains why the census recorded a decline of 800,000 in homebuyers with mortgages since 2001.

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