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Most people in full time employment work an average of 40 hours a week. If you then add to that time spent commuting, say a couple of hours a day as most of us have to travel at least 3 miles to get to work. That brings the total to 50 hours a week (10 hours a day) of work-related time.
Let’s assume you start all this at 8am and get home some time between 5 and 6pm, and you plan to go to bed at a respectable time such as between 10 and 11pm. That only leaves you around 4 to 5 hours each night to eat, wash, enjoy your hobbies and actually live.
But wait a minute, what about that accommodation?
House prices have reached the point now whereby first time buyers have to have part ownership with the council because they’re unable to afford the house on their own. As buying a house of their own almost impossible, many youngsters stay at home living with their parents longer than they used to. Whilst they are there, they are earning more but they aren’t really saving for that rainy day. What they do spend doesn’t go as far as it used to.
As you can see it’s a bit of a vicious circle.
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