What medieval life can teach about debt-free living
Published on June 8th, 2010 | by Admin1
Asked what the 12th century lifestyle could teach modern Britain, he said: “Debt-free living; a lot of holidays and parties and a lack of work ethic; the idea of a ‘just price’ for goods; some aspects of the medieval guilds and the importance of craftsmanship; and a more spiritual response to money.”
A small farmer in the 1100s would be able to make enough money to live off while taking up to 170 days off a year, but since then work has gradually become more dominant in our lives, he said.
He estimated that a similar person in 1495 would need to work for 15 weeks of the year to earn a sufficient amount to live, while in 1564 the figure was 40 weeks and today most British households need two people on full-time incomes to maintain a home and family.