Originally Posted by danowat
Depends why you're living on 10k p/a I guess.
I am not sure "poor" really relates to poor these days, today, poor means not being able to have Sky, or a new mobile etc, when I was young, being poor meant the electricity meter running out on Wednesday and not having the money to put any money in the meter till the following Monday.
What the fuck? How do you actually believe this?
"A young mother, with a baby, is on the line. She earns just over £17,000 a year but is worried about the latest round of government welfare and tax changes. The reforms will cut £530 a year off her annual income. She finds it hard enough already, and is not sure how she’ll cope. She thought Theresa May’s government was going to help her, not make life more difficult.
Another young mother rings in. She has four children under the age of 13 and receives income support, but the effect of the government’s cap on benefits has been to reduce her housing benefit by £100 a week. She lives in private rented accommodation outside London and is struggling financially. These are the kind of cases Gingerbread deals with every day.
Another single parent calls and explains that she is looking after three children including twins, who are under a year old. They are in living in temporary accommodation in a single room because they could not afford to stay in their previous home after the benefit cap came into force last November. This young mother cannot go out to work because the twins are still so young and she doesn’t know where to turn.
Many families like these are also increasingly trapped in debt, having to rely on credit cards they struggle to pay off, as the Financial Conduct Authority reported last week."
"During the second half of the 20th century, household incomes grew steadily, with each generation enjoying a better standard of living than the one before. Average net household incomes grew by an average of 2.4 per cent a year between 1961 and 2000. Between the turn of the century and the start of the financial crisis, growth was somewhat slower, at 1.9 per cent a year on average.
But since 2008, household incomes have grown on average by just 0.1 per cent a year. Mark Carney, governor of the Bank of England, recently described it as a “lost decade” — the first time since the 1860s, when Karl Marx was writing, that real wages have fallen over a 10-year period."