FREDDIE Mackie — known as Freddie Mac — lives with his wife Carol in a two-bed terraced house in Glasgow. Amazingly, he is a mortgage broker. And he has had to take on a second job as a debt adviser to survive. Instead of 40 hours a week, he now works 60 to try to maintain his £25,000 a year pay. (Approx. $44,000 US dollars.)
Dad-of-one Freddie, 56, left, said: “It is ridiculous. You work twice as hard just to stand still. There was no way I could afford to have my normal quality of life if I didn’t take another job.”
RETIRED teacher Fannie MAY is trying to beat the crunch by going back to work as a rock singer. Fannie, 53, of Cambridge, quit school earlier this year to record an album after cutbacks saw her do more work for no pay rise.
The widowed mum of one has a £400,000 mortgage (approx. $703K US) and is worried house price falls could leave her in negative equity. She also invested in property but is now selling her five flats.
She said: “I hoped the flats would give me a healthy pension but it’s an uncertain future.”
(Thanks to Paul Kedrosky for the tip.)