KRS Then Now IG v4 FINAL
Business

THE COST OF LIVING – THEN VS NOW VS FUTURE

Published by Gbaf News

Posted on January 31, 2015

1 min read

· Last updated: November 1, 2023

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Money makes the world go around is a phrase we’ve all uttered at least once in our lives, but just how aware of this are we? And more importantly, how much makes the world go around?

Well we can’t speak for the whole world, but in the UK the cost has been increasing gradually over the decades. This has turned cheap no thought purchases, into something that may require a little more time and consideration.

Below are all the facts and figures from Key Retirement, showing us what things cost, what they once cost and what they may cost one day.

KRS-Then-Now-IG-v4-FINAL

Key Takeaways

  • Cost of living in the UK has risen significantly over decades.
  • Key Retirement data highlights how basics now cost much more than in the past.
  • Retirement standards vary widely depending on lifestyle and region.

References

Frequently Asked Questions

What is Key Retirement?
Key Retirement is an independent financial advice firm that analyzes cost of living and retirement expenditure in the UK.
Why compare cost of living ‘then vs now vs future’?
Comparing past, current, and predicted costs highlights how purchasing power has eroded and aids in planning for future financial needs.
Do regional differences matter in UK costs of living?
Yes, areas like the South East are notably more expensive than regions such as the West Midlands, affecting retirement budgets.

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