Am I unusual?
by hazel from LinuxQuestions.org on (#6GG4P)
Yes, of course I am! I'm unique!;) But I'm talking here about economics. Today I read an article by two Loughborough academics which stated that the minimum annual income for an acceptable standard of living for a single person in the UK in 2023 is i29,500.
Here are some quotes:
Quote:
My two pensions add up to about i2000 per month, of which I usually put away ca.i500. So I'm actually living on ca.i18,000 p.a. I should be in dire straits and utterly miserable, yet in fact I live very comfortably. I have everything I need and never have to worry about paying bills.
One or two caveats:
1) I own my house outright, so I pay neither rent nor mortgage. Accommodation costs for younger people are insane in the UK at the moment. But I'm not unusual in being a fully paid-up homeowner. That's actually common for people of my generation in their pension years.
2) I don't run a car. Here in the UK, you can't survive without a car if you live in the country, but you don't really need one in London because we have excellent public transport here. I never owned a car (I can't drive) and I never had any difficulty in getting to work.
I know there are some other oldies here. How are they doing?
Here are some quotes:
Quote:
| This minimum is about having what you need in order to have the opportunities and choices necessary to participate in society. As a participant early in our research said: Food, clothes and shelter keep you alive, but that's not living". Living with dignity is about more than just survival, it's about being able to participate in the world around you. MIS [Minimum Income Standard] describes in detail what households require to meet material and non-material needs, establishing baskets of goods and services that combine to provide an adequate living standard. |
My two pensions add up to about i2000 per month, of which I usually put away ca.i500. So I'm actually living on ca.i18,000 p.a. I should be in dire straits and utterly miserable, yet in fact I live very comfortably. I have everything I need and never have to worry about paying bills.
One or two caveats:
1) I own my house outright, so I pay neither rent nor mortgage. Accommodation costs for younger people are insane in the UK at the moment. But I'm not unusual in being a fully paid-up homeowner. That's actually common for people of my generation in their pension years.
2) I don't run a car. Here in the UK, you can't survive without a car if you live in the country, but you don't really need one in London because we have excellent public transport here. I never owned a car (I can't drive) and I never had any difficulty in getting to work.
I know there are some other oldies here. How are they doing?