4 ms·
>Quite aside from the fact that the target audience of this site can expect to make around 2X the median income of the US--meaning that we are those evil rich p
by mayniac 8y ago
>Quite aside from the fact that the target audience of this site can expect to make around 2X the median income of the US--meaning that we are those evil rich people--surely the problem isn't this one-sided.
Not debating this fact, however cost of living makes a huge difference. 2x the median income doesn't mean much if everyone lives in big cities where the cost of living is 2x the median also. I feel like this is a point that has been ignored in this thread by a lot of people.
Also one note on one of your sources: the guardian article mentions she's living in an ex-council house with a flatmate. I've lived in an ex-council flat before in London, and honestly it is not for everyone. There was zero insulation so even with the heating on full, winter was unbearable. Constant electrical problems. Decent chance of getting mugged while taking out the trash. Mould in various places that never got dealt with. I know all ex-council flats aren't like this, but are we entirely comfortable with saying that above-average earning professionals in metropolitan cities should have to live with flatmates, often strangers, for up to ten years, often in increasingly poor conditions, while significantly cutting back on their quality of life, to be able to possibly afford a small flat likely an hour away from where they will work? It's easy to tell people to cut back on going to the pub or eating out, it's much harder to do when you're living in a mouldy shoebox and need an occasional break from misery, especially when you have friends that will still go out without you and adverts telling you to buy avocado on toast everywhere you go.
- prewett 8y agoI agree with you about cost of living. But my point was, that someone living on what I would consider to be an untenable income for London is actually able to save up for a down-payment on a house--in London! Sure, I understand the desire to have a "break from misery," but my point is that the conclusion she came to was that her lack of savings was entirely her decision. If someone living in ex-council houses (as an American, those words don't mean anything to me, so thanks for your description) has the financial ability to save up for a down payment, I think a lot of people in the U.S. do, too. Sure, it takes some self-sacrifice and discipline. I'm not saying it's easy. I'm just saying that I don't think we should be blaming the evil rich people for people's lack of savings without having a look at some personal responsibility.