Ooh, don't need a million quid to be happy. On the other hand, lots of peeps with lots more than a million are v unhappy.
I think that most people would even be happy at Warwick "the cowfield" University doing twatish "research", the raw data for which is obviously made up in the pub.
It might have been enough in 1970 but it ain't enough now.
£9,423,485.86 in the year 2001 has the same "purchase power" as £1,000,000 in the year 1970.
I think they said a million squids clear after house purchase ( plus, in our case, boat purchase, of course). Apparently, months of painstaking and rigorous research by Warwick has resulted in the amazing conclusion that the richer you are, the happier you are. This is what our taxes are squandered on, guys
No chance of your bum being in tatters from sitting on the barbed wire then -
glad you are back to the old ascerbic self - I assume thats what gives you your happiness?
regards
JS
According to my HP 12C, using av inflation rate of 4%, 1M quid in 1970, would now be worth 3,373,133.41 quid. Your calc says av infl has been 7.5%!!! Or did you pick your number from a random number generator?? Now had you invested your 1M at a conserv av 8.5% return over that period, you would now be very, very happy, according to Warwick Univ, with 12,540,703.03 quid. (Can't get a pound sign on my PC). Ahhh the wonders of compounding. Pity I didn't have 1M when I was 30 or I could be buying a Leopard 23 now.
now, speaking of lightly researched stuf i read that pensioners such as the mythical victor meldrew actually thrive if they go potty now and then, whereas if they roll over and die then er well anyway, you see the point. And no, back to the fight above. Have you noticed how very gently and nicely the newbie question nearby is being handled?
just look what you've started now!! Kim must be in a spin, newbies are wondering whether they dare dip their toes, everyone is talking about flags of truce - it can only end in tears
regards
JS