For debt to fall in real terms wages have to rise.
Prices are falling in real terms, they have been since 2008 and continue to do so.
But income fell, and has continued to fall in comparative terms.
Over the last three decades, incomes for those at the bottom have fallen in real terms.
Libraries try to keep up, but their budgets have been falling in real terms every year since the 1970s.
Although prices are falling, in absolute terms energy is still expensive.
For the three months ended March 31, sales fell in real terms, by about 3 percent.
Input costs have also fallen in real terms, but by only 3 per cent.
The minimum wage fell about 29% in real terms between 1979 and 2003.
Hardly, prices are going to fall in real terms.