Quote Originally Posted by Doucas View Post
Ok so let's say you're right and that inflation has only gone up 2% a year which over 14 years is 28%. (I believe its gone up far higher, housing costs have gone up higher than 28% as has electricity, gas and fuel).

According to this source wages have gone up by only 21%. Which is a 7% reduction. https://www.statista.com/statistics/...ngs-in-the-uk/

I'd also argue that average wage is a poor metric to compare against and median wage would be better due to inequality growing.
Its actually more than 28% because the 2% lift is year on year. As an exercise to demonstrate start with 100 and add 2% 14 times. You'll be surprised. I think it's nearer35%.