Off Topic The cost of living

Median is probs 35k. Taking into account all regions.

That doesn't take much account of regional variance, nor the ever increasing disparity between low and high earners in the post-post-war epoch. (By that I mean post Thatcherite epoch)

If you live in a dual income household at 35k each, then you're doing OK in the north of England.

There's a lot of numbers scraping a living on an awful lot less.

 

Compare to Sydney where the latest reports are that in order to purchase a house the average household income needs to be about $270k - I guess about 140k pounds?

 

It's absolutely ****ed. I feel like my wife and I are just ahead of the crest of the wave - we bought our first place for a very manageable price, but sold it for such an increase that if we were buying it then (only 4 years later) we would have had no chance affording it even on our current wage. How people even just 5-6 years younger than us stand a chance I have no idea.

I quite genuinely every so often look at places in Beverley and other areas over there and dream wistfully of making the move over..

 

Not a bad result then, god knows what it would be worth now

 

It all makes the state pension seem miserly.

 

State pension is a joke and it wouldn't surprise me if by the time I'm old enough to get it, it won't even be available or at the very least a totally different set up etc.... I'm planning my retirement without it and whatever I get is just a bonus

 

I expect the government to use the auto enrollment of work based pension as an excuse to reduce the state pension once its been in place long enough. It started in 2012 so probably 2062. The problem is many opt out and if not only a small amount is paid in and often into rubbish schemes

 

I know it's a sensitive subject for some, but I don't think you should be able to opt out. There should be a min you have to pay in from the second you start working. If you've never had it you'll never miss it so to speak.

 

Is the work based pension your superannuation or something separate?

 

If they keep on increasing the age you get it, they can make it as much as they like, as they'll pay out to fewer and fewer people as time goes on. It saves billions each time they do it, not the we see any of that back elsewhere.

 

Yup it'll just keep rising that's a given

 

Typo or true

 

Brids lovely syd honestly get yourself there

 

And not at 67 ****jng ****s
I’m knackered now
It should be brought back down to 60
If any silly ****s want to carry on working let them they can
I don’t

 

Was that around the time when they where getting rid of double tax relief ?
I bought my first house for £17,000.before they announced it was going and i sold it for double 2 years later