Brits are now poorer than the French, Swiss, Belgians, Swedes, Austrians, Aussies...

[Ardemax]

... and Canadians. BUT AT LEAST WE'RE NOT IN A TRIPLE-DIP RECESSION WOO :cheers::cheers::cheers:



Source (and more): http://qz.com/84658/uk-household-income/

Thoughts?

[Chippiewill]

Change in rankings is likely to occur a lot over such time periods, the study doesn't really help it self by drawing a graph with two data points and hoping to draw a correlation from it.

[dbgtz]

Doesn't show quality of life plus I'm sure other sources state otherwise, plus this graph is flat... I don't really think the figures are right lol.

[Kardan]

Three things:

We've fallen to 12th in the world, hardly anything to panic over.
Secondly, why is the end of the graph 2011? Have they only just released the data for 2011, or is this old?
Thirdly, according to that graph household income has gone up since 2005 (although I'd imagine if the graph didn't interpolate between the two points, we'd see a rise up till about 2008 and then a fall back down to now).

[Mark]

Did they not revise the figures and the infamous 'double-dip recession' didn't happen?

[-:Undertaker:-]

Not good enough to be 12th or 6th in the top economies ranking. Britain, a world power only as far back as our grandparents age (and still a Great power) ought to be aiming to be in the very top grouping - certainly ahead of France and Germany. In 2000 we were the fourth top economy in the world and now we've sunken to sixth/seventh.

A lot of things are to blame, EU membership for example restricting our ability as a financial world power to trade properly with Eastern nations is a part of it - but not everything because as you can see, other countries in the EU are ahead of us. It goes right back to education, work ethic & morality, welfarism - everything. The country is in dire need of a complete overhaul, especially with the rising East - because Britain teaching drama, photography, trave & tourism and art in its terrible state comprehensive schools isn't going to match up to Chinese students (who greatly outnumber us) who are learning the sciences, maths, history and economics.

Sink or swim, and boy are we sinking.

[Zak]

because Britain teaching drama, photography, trave & tourism and art in its terrible state comprehensive schools isn't going to match up to Chinese students (who greatly outnumber us) who are learning the sciences, maths, history and economics.

You read my frickin' mind! +rep

[Adam]

**** get me the adverts showing on Nigerian TV to give us money every month.

[Ardemax]

Not good enough to be 12th or 6th in the top economies ranking. Britain, a world power only as far back as our grandparents age (and still a Great power) ought to be aiming to be in the very top grouping - certainly ahead of France and Germany. In 2000 we were the fourth top economy in the world and now we've sunken to sixth/seventh.

A lot of things are to blame, EU membership for example restricting our ability as a financial world power to trade properly with Eastern nations is a part of it - but not everything because as you can see, other countries in the EU are ahead of us. It goes right back to education, work ethic & morality, welfarism - everything. The country is in dire need of a complete overhaul, especially with the rising East - because Britain teaching drama, photography, trave & tourism and art in its terrible state comprehensive schools isn't going to match up to Chinese students (who greatly outnumber us) who are learning the sciences, maths, history and economics.

Sink or swim, and boy are we sinking.

I completely agree with your point about our education system.

A lot of schools nowadays will gladly hand out pointless BTEC courses to students and consider them another success story. Only to find out in five years time that they *surprisingly* have been living on the dole... for the past five years.

Something's got to change.

[Kardan]

I completely agree with your point about our education system.

A lot of schools nowadays will gladly hand out pointless BTEC courses to students and consider them another success story. Only to find out in five years time that they *surprisingly* have been living on the dole... for the past five years.

Something's got to change.

I agree that BTEC courses etc are pretty much pointless, but I imagine that the majority of people who pick these courses wouldn't benefit much from learning how to do the things taught at A-Level Maths/Science etc.