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I mean, that's $780 per year. I don't know what the, er, lowest hexile in the UK makes, but surely it's no better than $30k per year, right? And in fact proba
by aetherson 9y ago
I mean, that's $780 per year. I don't know what the, er, lowest hexile in the UK makes, but surely it's no better than $30k per year, right? And in fact probably much worse.
So they'd struggle if they suddenly had expenses that were 2.5% of their income or more? That doesn't seem revelatory.
- aninhumer 9y agoReally? I think the framing that 1 in 6 people don't have at least 2.5% of slack in their finances is equally damning.
- aetherson 9y agoAs others have noted, it's not "will collapse into a disaster," it's "struggle." It is not news to me that in general, relatively poor people do not have a ton of slack in their finances. If it's news to you, well... okay. But I think you just weren't paying attention.
- petercooper 9y agoFor a single adult, second decile was £11,300 in 2014 (roughly $15K now, a bit more at the time).
- aetherson 9y agoSo, right, something in the general vicinity of 5% of their yearly income. Again, it doesn't seem really surprising that lots of relatively poor people would "struggle" with additional expenses equal to around 5% of their income.