Saturday, November 13, 2010

The art of debt-free living in medieval perod

Debt-free living

Life in Medieval Period may not have been comfortable but its inhabitants had a dedication to debt-free living that we could learn from today, a think-tank has claimed.


Health care and a terrifyingly low life expectancy were some of the downsides to 12th century life, but medieval Britons could at least claim to have a "healthy scepticism about money."
The harshness of life in the 1100s was mitigated by endless holidays and parties and a healthy attitude towards work and debt, an audience at the Guardian Hay festival was told.
An expert, said: "No one wants to live with medieval dental arrangements, or on a diet of mead and wheat husks.
"We do know that the medieval period was full of terrible things like rape, pillage, torture and droit du seigneur. We wouldn't want to live there. But they did have a very healthy scepticism about money and money values."
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.








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