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01/30/10(Sat)16:21 No.54554As
he drives back, it doesn't take him long to work out that his personal
wealth stands well below the bottom 10% threshold; his most valuable
possession is the 10-year-old car, perhaps worth about £1,000. Then
there is an eight-year-old computer with a broken disc drive, maybe
£50, a temperamental DVD player and some hi-fi equipment, perhaps
another £50 together, the beds, the secondhand sofas, of indeterminate
value, and the glass-fronted display cabinets, a present from his
mother – "maybe they're worth £100 for the two of them, if I'm
generous".
Most of the parents at his daughter's school are in a
similar financial situation, he guesses, but the subject is never
discussed. "Too stigmatising," he says.
Back at home, his
20-year-old son is playing with a tiny puppy in the narrow hallway.
Both sons left school at 16 (like Chris), and, like their father, are
now claiming jobseeker's allowance. The puppy is a new arrival, but
will not be staying for long – grown dogs eat a lot of expensive food.
Good
parenting is a priority, and Chris took time off work to be with all
three children in their pre-school years. He has helped teach them to
cook, supported the elder boys' steps towards independence, encouraged
their interest in music and is helping the middle child apply for a
Prince's Trust grant.
The sale of his mother's house a few years
ago meant that he was able to put £5,000 each in three trust funds for
his children – money that he won't touch.
He is not
materialistic (although he minds a little that he can't afford to buy
his daughter free-range eggs) but money troubles do have an impact on
his ability to be a good father. Piled up on the table are bailiffs'
notices that announce that agents "have today attended your property
with the intention of levying and removing your goods". |