Ten years ago, he earnt £20,000 a year. He could afford to pay off his mortgage, buy a new car every three years, and eat in a restaurant once a month.
Today he earns £22,000 a year. It seems as though he is earning more but, as a result of inflation, he can now just pay off the mortgage on a smaller house, buy a new car every five years, and eat in a restaurant once a year.
Student or Learner