4 ms·

> I understand inflation has high, but most people have a lot more money coming in to make up for that... Do they? I certainly haven't had an inflation-matchi

> I understand inflation has high, but most people have a lot more money coming in to make up for that... Do they? I certainly haven't had an inflation-matching pay rise.

LandR 3y ago
My salary in the last few years have jumped from 48k to 54k to 75k (and now have £6-£7k of extra income too, in interest etc) But I had to move jobs 3 times in 2 years to get those raises. And honestly, it still doesn't feel like enough. Tell me 5-10 years ago I'd earn £75k and I'd think that was going to be amazing, now a £75k salary kinda just feels like an average salary. And I have no kids! I don't know how people on average salaries with children are coping at all.
- mytailorisrich 3y ago
  Come on, 75k (nevermind 6k on top) with no children... That is extremely good, probaly the top 5% in the country. Median income is about 35k, which means half the people earn less and you earn more than double that with less expenses.
  - foldr 3y ago
    It's good relatively because a lot of people in the UK are very poor. In London (which is probably where you are if you're getting paid that much) £75k does not get you particularly far.
OJFord 3y ago
Me neither, but relatively speaking presumably anyone on HN (as long as employed) is ok anyway. I think GP meant people who are relatively poorer/struggling anyway, since they started: > I don't know how this is possible. State pensions and universal credit went up 10% last year and will be going up another ~8% this year. (For those not in the UK: 'universal credit' is not UBI, it's state benefits - 'universal' in the sense of replacing various specialised benefits (housing, job-seeking, ...) that came before it.) i.e. if you're 'actually' struggling (not just like, stressed about money while you sit on your new sofa and watch TV comfortably warm and then open the window because you lit the fire and now you're too hot (occasionally guilty!)) then you ought to be less struggling now and going forwards than a year or so ago, I think is the point.

> I understand inflation has high, but most people have a lot more money coming in to make up for that... Do they? I certainly haven't had an inflation-matching pay rise.

LandR 3y ago

My salary in the last few years have jumped from 48k to 54k to 75k (and now have £6-£7k of extra income too, in interest etc) But I had to move jobs 3 times in 2 years to get those raises. And honestly, it still doesn't feel like enough. Tell me 5-10 years ago I'd earn £75k and I'd think that was going to be amazing, now a £75k salary kinda just feels like an average salary. And I have no kids! I don't know how people on average salaries with children are coping at all.

mytailorisrich 3y ago
Come on, 75k (nevermind 6k on top) with no children... That is extremely good, probaly the top 5% in the country. Median income is about 35k, which means half the people earn less and you earn more than double that with less expenses.
- foldr 3y ago
  It's good relatively because a lot of people in the UK are very poor. In London (which is probably where you are if you're getting paid that much) £75k does not get you particularly far.

OJFord 3y ago

Me neither, but relatively speaking presumably anyone on HN (as long as employed) is ok anyway. I think GP meant people who are relatively poorer/struggling anyway, since they started: > I don't know how this is possible. State pensions and universal credit went up 10% last year and will be going up another ~8% this year. (For those not in the UK: 'universal credit' is not UBI, it's state benefits - 'universal' in the sense of replacing various specialised benefits (housing, job-seeking, ...) that came before it.) i.e. if you're 'actually' struggling (not just like, stressed about money while you sit on your new sofa and watch TV comfortably warm and then open the window because you lit the fire and now you're too hot (occasionally guilty!)) then you ought to be less struggling now and going forwards than a year or so ago, I think is the point.