I've just read a message from my Bank detailing the interest rate which is dropping yet again as from July 14th. It is now going to 0.05%
Pretty sure we all dreamed at least once of winning the lottery and living off the interest. Still possible but would have to be an extremely sizeable sum.
A million in the bank would roughly give interest of:
1979.........£11,333 per month...£136,000 per year
1990.........£9,250...per month...£111,000 per year
2000.........£4000...per month...£48,000....per year
2010.........£333...per month.....£4000........per year
2020.........£33......per month....£400...........per year.
I posted a couple of days ago where I mentioned I was bringing home more than £200 a week back in 1978. A member was shocked I was earning that much. The above is just one example where financially we were on a good thing back in the 70's and 80's. Ahh, the good old days.
Pretty sure we all dreamed at least once of winning the lottery and living off the interest. Still possible but would have to be an extremely sizeable sum.
A million in the bank would roughly give interest of:
1979.........£11,333 per month...£136,000 per year
1990.........£9,250...per month...£111,000 per year
2000.........£4000...per month...£48,000....per year
2010.........£333...per month.....£4000........per year
2020.........£33......per month....£400...........per year.
I posted a couple of days ago where I mentioned I was bringing home more than £200 a week back in 1978. A member was shocked I was earning that much. The above is just one example where financially we were on a good thing back in the 70's and 80's. Ahh, the good old days.
