We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

losing your job? having no income from your savings?

1246

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Wow 160k USD as first year lawyer is some pay deal :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    StevieJ wrote: »
    Wow 160k USD as first year lawyer is some pay deal :D

    Equivalant firm pay for a 1st year qualified (after two years training which US associates don't need) is INRO £80-90 K. Think highest paying firm is either £92 or 95k ATM.
  • treliac
    treliac Posts: 4,524 Forumite
    lostinrates wrote: »
    75USD? Who is paying that? US firms is US? That would be a different ball game, US students have (theoretically at least) higher levels of debt/expenditure before getting to work. I know a lot are paying between 5-10k sterling here (plus paying the fees for law conversion/LPC and sometimes a small living grant)

    ETA: trying to work out what it would have been a few years ago and I reckon 20-30 K max, plus the year off money. The UK trainee solicitors, getting this still aren't qualified and have to put in two years work- but its a great deal, especially for the younger, rawer ones.

    lir : What does ETA mean please? You use it quite often and I can't find it in the listed abbreviations.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    treliac wrote: »
    lir : What does ETA mean please? You use it quite often and I can't find it in the listed abbreviations.

    Estimated time of arrival :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    treliac wrote: »
    lir : What does ETA mean please? You use it quite often and I can't find it in the listed abbreviations.


    I'm sorry, Edited To Add. Its because I have something to add rather than change.;)
  • treliac
    treliac Posts: 4,524 Forumite
    lostinrates wrote: »
    I'm sorry, Edited To Add. Its because I have something to add rather than change.;)

    Thanks, I guessed it was something like that. :)
  • treliac
    treliac Posts: 4,524 Forumite
    StevieJ wrote: »
    Estimated time of arrival :D

    Yeah, that's what my DH said; it didn't fit though. :D
  • cocktail
    cocktail Posts: 377 Forumite
    bandraoi wrote: »
    I suspect that what PN is getting at is that if
    a) you're unemployed and have no savings then you get quite a bit of help from the government
    b) you're unemployed and have a mortgage then you get quite a bit of help from the government
    but that
    if you have savings then the government expects you to use these up before they will offer much assistance.

    You may have savings because you were responsible, were trying to save for a deposit, because you sold your house to rent or were trying to save for old age. If you have saved and then become unemployed it can feel like quite a penalty to pay.[

    its a form of socialism.
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    Well, the simple fact is that people with savings are normally better off than people without.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • treliac
    treliac Posts: 4,524 Forumite
    tomterm8 wrote: »
    Well, the simple fact is that people with savings are normally better off than people without.

    Yes. Usually, they've had the financial spare capacity to be able to create them.

    However, those that went without, scrimped and scraped in order to be able to save and have seen others spend it all as they went along and end up being supported by the state (that's those of us who are paying into the system in fact), do feel a sense of disappointment, to put it mildly.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture