A global recession is on the horizon - please read OP for mod warning

I wouldnt necessarily read wealth into that.....some of the wealthiest people I know drive 10 year old cars etc.....good cars (not falling apart etc), whereas some fairly well paid people are just balancing the books....they may have a shiny new car but its on PCP and they have a large mortgage payment on a house that was fully furnished before they moved in..............all that glistens is not gold, people make different choices, I dont know how significant pub/restaurant attendance is but new cars mean very little to me in terms of how solid a foundation peoples or the countries finances are on.

Yes.

Deposits are rising by 800m per month.

You asked a simple question: cost of living is going up yet savings are also going up? The answer is higher wages.

Certainly will be if you are a dock worker in Germany, either they get it or go on strike just as China is opening up again. All it means at the end of the day is prices going up. Then others see them getting big pay rises and then everyone else threatens to go on strike in order to offset rising prices.

ffs, the economy of the average person isnt red hot, most people are starting to struggle, again, the metrics we use to measure the well being of our economy have largely decoupled from the life of the average person, most metrics are based on the value of asset markets, whos ownership is heavily skewed, hence why they no longer truly represent the life of most!

yes people are job hoping for various different reasons, one being, people starting to sh1t themselves as they can see the writing on the walls!

again, house prices are as they are as public policy is primarily to maintain asset price inflation, at all costs, no matter what!

again, car prices are as they are, due to one of the main reasons for our current inflationary issues, i.e. supply chain issues!

yes, there are more cars on the road, as people now must travel more to meet their needs, work related etc etc

yup, more money is the only answer, but it needs to be very directed, another major element of our current inflation problems is energy markets, so crack on with becoming more energy independent, and more money is the only answer to that!

to some degree id actually disagree, the main objectives in such organizations is to maximize returns, and thats generally for the minority, run your country for long enough like that, and you ll eventually have some serious problems! i suspect many of them would actually do reasonably well in such organizations also, as they seem to be doing a pretty good job for them as it is.....

i do think most politicians and their advisors are well paid, for a job thats absolutely sh1t, with objectives that are virtually impossible to achieve, but.....

....once again, our current inflationary issues have little or nothing to do with the money supply, as its largely due to supply and energy market shocks, increasing rates will do a grand total of fcuk all in resolving these issues, but will only further compound the situation!

If the cost of living is increasing and wages increase to match it, you would expect people to be the same rather than better off. Cost of living rises eat into the money you could otherwise save, so a wage increase would bring you back to parity. How is it that savings are actively increasing rather than stagnating?