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Wednesday, July 25, 2012

THE FUTURE IS BLEAK

One of the illusions beloved of supporters of capitalism is that although workers may suffer some social problems these are gradually lessening and the future will see them disappear. The following report seems to knock that notion on the head. "Struggling consumers spend the equivalent of one week a year worrying about money as personal debt soars, says a study. With families facing the toughest squeeze on living standards since the Twenties, it found the average person spends three hours and 15 minutes a week fretting over finances. The Which? Quarterly Consumer Report into how we are coping with the downturn says more are being forced to take on new forms of debt to make ends meet." (Daily Mail, 24 July) RD

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