Entitlement what can we do about it.

Rai200 said:
How is it not true?

In 1982 the average house was £24,852.

The average wage for a man in full time work was £154 a week, or £8,008 a year, for women it was £4,888.

For men it was 3.1x the average income, for women it was just over 5x. 4.05x on average.

Now the average wage is £38,131 for a full time worker, however earning disparity being so much greater skews this somewhat with the median income for full time workers being around £31,000.



Yes... but you can't. Which is the issue I was pointing out.
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The issue is, you are not accounting for interest rates, what income someone has relative to the house prices is not relevent without factoring interest rates

The best time to buy was around 1994, however 2021 was better than 1982
 
Do I only know poor people? People keep throwing around 38k as average wage where as from what I've seen it seems to be 25k to 30k
 
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Frenzy said:
Do I only know poor people? People keep throwing around 38k as average wage where as from what I've seen it seems to be 25k to 30k
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London, and Mean is a crap measure when you have bankers and the like pulling it up, Median makes more sense.
 
adam cool dude said:
Median wage is 31k which is considered the norm.
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It also depends on region, in 2021 the median in the North East was £27,515

On London and the South East have higher than the median (and Scotland, just, but that's listed as a whole)

www.statista.com

UK full-time annual salary by region 2024 | Statista

Average earnings in London were higher than the rest of the UK in 2024, with earnings varying significantly across UK regions.
www.statista.com www.statista.com
 
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Nitefly said:
I’m not sure where else to post this, but I feel very sad the BBC is currently promoting budget food ideas to help people save money, on the main page of its news website.

www.bbc.co.uk

Budget family meal plan for four

Budget family meal plan for four
www.bbc.co.uk

Jesus. The thought of somebody worried about money to feed their family, and then reading this to help themselves out, makes me feel ill. I know it happens all around the world all the time… and family food planning is nothing new. But, yeah.

No doubt the cost of living crisis is affecting people badly - just articles like this on the BBC News front page make that reality hit home and make me realise how lucky I am!
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Not being funny and Im not struggling for money or feeding a family but thanks for posting this. Some good recipes! :)
 
malachi said:
Not being funny and Im not struggling for money or feeding a family but thanks for posting this. Some good recipes! :)
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A lot of women will look at those recipes and see they need pre planning, preparing and time, a shocking blow to their system where a ready meal or takeaway at ridiculous cost is their norm.
 
Frenzy said:
Look at the median, higher earners skew the average otherwise
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No doubt. I think it depends on a lot on the sector as well. I suspect the average on this forum would be much higher for example as we are likely skewed heavily by professionals in IT, tech, engineering etc. rather than retail which would weigh down the average.
 
delta0 said:
No UK, this is from the ONS. https://www.findcourses.co.uk/inspiration/average-salaries-uk/average-uk-salary-2021-2022-21600

Median is a bit less. London is up around £53k average but less than that for median as well.
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Wage levels vary hugely, by area.

The median always seems better than the mean, but even that has issues. There is often a big spread between the median and bottom deciles. ONS used to publish the ASHE, showing breakdown by decile, by local area- that might still exist. That is an eye opener...
 
Better late that never I guess from the link above here is the break down per age, that I mentioned someitme ago. It would be good to see it per area as well but we work with what we've got.

www.statista.com

UK full-time annual salary by age and gender 2024 | Statista

In 2024 men aged between 50 and 59 were the highest full-time earners in the United Kingdom among different gender and age groups, with men of different ages consistently earning more than women.
www.statista.com www.statista.com

Screenshot-2022-10-19-at-12-05-12-Full-time-annual-salary-in-the-UK-2021-by-age-and-gender-Statista.png
 
Erase London then see what the average wage is for the rest of the country, what's the average wage for just scotland and wales? or the north of england

Frenzy said:
Do I only know poor people? People keep throwing around 38k as average wage where as from what I've seen it seems to be 25k to 30k
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IT's atleast 50k on these forums and then youre still poor
 
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Dis86 said:
I think you touch on part of the problem. It's hard to take complaints about things being expensive seriously when so much money is spaffed up the wall in frivolities.

A prime example is one of my cousins. She's currently on holiday in the Seychelles. Her social media pages are just pics of her and her mates in bars, restaurants and on holidays.
She was whinging that she'll never be able to afford a house.
She's also never worked a day in her life.
Go figure.
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Ok so she never worked, so I agree can't really complain there can she. But otherwise for those that do, I don't think we should criticize those people that cannot get on the ladder but still try to live life a bit. It's a difficult balance. Should I never have bought a PC, a nice TV, gone on holiday in the 20 years it took for us to save for a house? That would be a life not worth living for my family. We all want to provide/have the best life we can. There's no use suggesting people should have **** lives between the age of 18 - 30 putting every penny aside so that when you hit 30 you can buy a house and then spend the next 30 years doing your best to pay that off still struggling to buy luxuries.

The outlook is not good. You have to try to balance things the best you can. For some people, the thought of owning a house is so ridiculously far off, they just give in to the fact it truly is unobtainable and therefore just live out the best life they can renting. I don't take issue with that and can't blame anyone for that. I don't think entitlement should be mistaken for having a good old moan at the state of things in the UK. It's ok to moan about it...it's what we do best!
 
jaybee said:
But otherwise for those that do, I don't think we should criticize those people that cannot get on the ladder but still try to live life a bit. It's a difficult balance. Should I never have bought a PC, a nice TV, gone on holiday in the 20 years it took for us to save for a house? That would be a life not worth living for my family. We all want to provide/have the best life we can. There's no use suggesting people should have **** lives between the age of 18 - 30 putting every penny aside so that when you hit 30 you can buy a house and then spend the next 30 years doing your best to pay that off still struggling to buy luxuries.
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The issue is that our parents generation didn't spend frivolously, they didn't expect to go on expensive holidays regularly, have a nice car, eat takeaway a few times a months.

Part of the issue is that we have told people that you need all these trapping to live a happy life. You don't. You don't need a nice car, you don't need a new TV to replace the 40" one that still works fine, you don't need to go to another country on holiday for 2 weeks, you don't need expensive new clothes to accompany your wardrobe you barely wear, you don't need a new phone to replace your 2 year old one.

There is a huge amount of conspicuous consumption that we encourage at every level of society and it doesn't make people happier, it just makes them unhappy when they don't have it and think they should.

None of this takes away that much from the fact that houses are fundamentally overpriced and unaffordable but I can very much see the older generations point when they see how they lived vs how we live. I've said this a number of times but my parents lifestyle and by extension my childhood would be considered awful by todays standards but it was a happy childhood and we were absolutely fine.
 
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