Is life harder now than it was for other generations?

A big theory on why so many of us are going through a Quarter Life Crisis is because of the tough financial times of the modern era.

Over the last 16 years the average household income has increase 11.7% (from £20,169 to £22,524), whilst the Consumer Price Index (CPI – a figure which measures the relative price of consumer goods and services purchased by normal households) has increased 58.9% over the same period of time. This shows the way in which the average standard of living has fallen significantly over the last 16 years, and could possibly be a major reason why so many of us are struggling to cope with the trials and tribulations of modern day life.

All figures have been taken from the ONS.

Screen Shot 2014-05-03 at 15.06.32

https://infogr.am/average-earnings-in-uk-gbp—lb?src=web

Screen Shot 2014-05-03 at 15.47.56

Year Average Annual   Earnings CPI
1996 £20,169 68.307
1997 £20,393 70.45
1998 £20,720 72.865
1999 £21,389 73.988
2000 £21,719 76.176
2001 £22,448 77.526
2002 £22,778 78.818
2003 £22,843 81.098
2004 £23,147 83.513
2005 £23,541 85.871
2006 £23,883 88.615
2007 £24,041 92.414
2008 £24,683 96.082
2009 £24,036 95.589
2010 £23,504 100
2011 £22,970 105.207
2012 £22,524 108.56
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