In the movie 'Trading Places' the Duke brothers lost their fortune on a frozen concentrated orange juice gamble.
The Sunday Independent have classified the winners and losers of society and how they are affected by the false economy going down the toilet.
‘The wantmores’ are property owners who drive SUV’s and like to get their teeth and lips replaced frequently. They send the kids to private school and are bothered by the increase in the cost of foreign holidays. They are portrayed as the losers right now. They apparently dont eat as a reduction in food prices does not affect them but the increase in the price of celeb magazines does.
‘The renters’ are people who use public transport and like to eat chicken and jam and go on holidays in their tents and play scrabble. They are the big winners right now.
THE middle-classes or aspirational “tiger” families have seen much of their wealth wiped out over the past three years through falls in the property market and investments.
They are being squeezed harder than most other sectors of society, according to the latest Sunday Independent/ KBC cost of Living survey. The cost of living for the midle classes has risen slightly in recent months but is still marginally down over a full year. This would represent the return of inflation for the first time since December 2008.
The cost of sending their kids to a top private school and on to university is biting hard, with education bills rising by 8.9 per cent over the past year.
Holidays abroad are also more expensive with package holidays increasing by 2.8 per cent. Getting a trout-pout or a new set of dazzlers has also risen in price, with outpatient services up 3.6 per cent. Alternative or complementary medicine is around 1.1 per cent less expensive. Read more of this post
