Counting the cost of spending spree
Your headline, "Spend! Spend! Spend!" (Mercury, December 27) put me in mind of another notorious spender who used the same phrase when asked what she would do with her £150,000 football pools win (probably £3million in today's terms).
The woman, Viv Nicholson, did spend and within 15 years was penniless and had run up many debts.
Some of the money spent at the Boxing Day sales will, no doubt, have been saved by hard-pressed people and spent wisely. But, I suspect that many will have been spending money they do not have.
The reckoning will come when the credit card bills arrive in a few weeks. No doubt many will regret their unnecessary purchases.
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On the other side of this coin, 80,000 people were homeless this Christmas, many are living in fuel poverty and thousands of families are struggling to put food on the table. The Tory Government is now borrowing £500 billion a year, wages are frozen for those lucky enough to have some sort of job, and benefits are being capped for those scraping along on low wages. At the same time millionaires are due a £100,000 tax break this year.
Has our country gone mad? We are still the fifth richest nation in the world.
We need jobs with good living wages and a system which cares for those who genuinely cannot work.
We have to break away from this ridiculous, cruel society of credit-based spend, spend, spend.
My parents taught me to live within my means and I taught my children the same principle.
Alderman David Knaggs, Leicestershire County Council.