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Couple With Two Children 'must Earn £40,600 To Meet Basic Needs'


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HOLA441

That's because you are, by any historical or world standard, very, very, very rich.

By 1970s standards that lifestyle would put you not merely in the top 1%, but high up within that 1%.

Quick lunchtime check: a number of my 'middle class' colleagues remember ballet, drama and extra tuition as standard in their 1980's up-bringing, maybe the 80's is where is all changed LOL

Edited by PricedOutNative
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HOLA447

Skinflinteratti, so true. Threads on the cheapest baked beans and porridge oats are classics. Wasn't there a thread with an HPC'er saying he would eat his neighbours if he ran out of baked beans and ramen noodles when TSHTF?

Good old Ken. :-)

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HOLA448

This thread reminds me of a radio 4 play some years back. Basically lack of consumption was imprisonable and every household had to meet its target of consumption to keep the economy going. I think going to work gave you special dispensation from having to consume stuff. About time crashmonitor and some of the other skinflinteratti bloody well did their duty and got consuming.

I think a poverty of time is one reason to explain why life is more expensive now than it was back in the 70s. Time saving measures costs money, transport, convenience foods, creches to enable work. Absolutely aware that families haven't got the choice other than to consume.

Edited by crashmonitor
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HOLA449

This thread reminds me of a radio 4 play some years back. Basically lack of consumption was imprisonable and every household had to meet its target of consumption to keep the economy going. I think going to work gave you special dispensation from having to consume stuff. About time crashmonitor and some of the other skinflinteratti bloody well did their duty and got consuming.

I reads that, it's an old SF story.

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HOLA4410

I reads that, it's an old SF story.

Not sure about the radio play, but the SF story would probably be "Midas World" by Frederic Pohl. Cheap fusion tech and robots - you'd have thought they would be a boon to mankind, but the economy can't cope and eventually the environment breaks down.

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HOLA4412

The scary bit is the measures you'd have to go to to make a significant reduction.

Something like 60% of the costs are unchangeable direct debits, so trying to cut outgoings by 20% would mean half of the food budget.

Very true, plus, if you need both parents in work just to cover the basics, then that doubles the chance of problems. If either one of the two parents lose their job, the family will not be able to pay the bills.

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HOLA4413

The scary bit is the measures you'd have to go to to make a significant reduction.

Something like 60% of the costs are unchangeable direct debits, so trying to cut outgoings by 20% would mean half of the food budget.

The insurances/assurances could be cut £200 pm what is that for?

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HOLA4415

My sprogs' timetable next week:

Jam making

Shopping (cycle to asda)

Mow lawn

Lots of cooking

local beach (and try for mackerel)

Paid employment on local farm (youngest)

Job hunting (eldest)

Summer homework

Etc.

Cost to me: -ve.

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HOLA4416

My sprogs' timetable next week:

Jam making

Shopping (cycle to asda)

Mow lawn

Lots of cooking

local beach (and try for mackerel)

Paid employment on local farm (youngest)

Job hunting (eldest)

Summer homework

Etc.

Cost to me: -ve.

Love this list. You are not by any chance a Mr Money Moustache reader?

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HOLA4418

2x Car insurance.

House Contents.

Buildings.

Mortgage Term Assurance.

Income protection in event of Fluffy pegging it.

I did try and cut down to a minimum set..

Apart from the car insurance, which should get cheaper over time before it rises again....the others would first be got down to the min meaning without any expensive addons, then dropped before the food and fuel...still think £2400 pa is a large chunk to pay from a pay slip....choices. ;)

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HOLA4421

In 1998 mortgage lending was 3x Main income + 1x Second Income. House prices were £59k and the average mortgage was £380 per month

In 2014 the BoE wants mortgage lending to be 4.5x household income. The average house is over £170k and the average mortgage over £1000

"the squeeze on families from soaring energy bills and benefit cuts"

???

HPI.... it's what you call an elephant in the room.....

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HOLA4422

In 1998 mortgage lending was 3x Main income + 1x Second Income. House prices were £59k and the average mortgage was £380 per month

In 2014 the BoE wants mortgage lending to be 4.5x household income. The average house is over £170k and the average mortgage over £1000

"the squeeze on families from soaring energy bills and benefit cuts"

???

HPI.... it's what you call an elephant in the room.....

Absolutely 100% Bang on the Nail.

It was done by sleight of hand.... It is frighteningly insidious....

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HOLA4423

That figure looks reasonable to me. A lot of people that don’t have kids have no idea of how much a financial strain it can be; friends of mine hark back to their upbringing in the 70’s where they wore hand-me-downs and entertained themselves by playing football in the park every day and ask why can’t kids today do that…. The fact is if you brought your kids up in a 1970’s way today you’d probably be prosecuted for child neglect LOL

This week kids’ diary :

School summer fair

Village summer fair

Cubs

Scouts

School play performance X2

Dance class

Spanish

Extra maths tuition

Piano X2

Tennis club

Needs a list for the 1970s as comparison. Probably includes delights such as

ride 20 miles on a chopper without a crash helmet.

relight fag butts found on the floor to have a smoke

up to Television Centre to receive Jim'll Fix it badge

Find used porno mags in bush.

Glue hair with superglue and self pierce nose

sniff some glue

Edited by Mikhail Liebenstein
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