We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Understanding disparity around us

Options
1356716

Comments

  • Millyonare
    Millyonare Posts: 551 Forumite
    500 Posts First Anniversary
    UK today in 2022 has full employment, record household disposable income, and the 11th highest level of net wealth on planet Earth.
  • Sea_Shell
    Sea_Shell Posts: 10,004 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Google has already predicted the date ...

    Monday, 16 January
    Blue Monday 2023

    ☹️
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • daz378
    daz378 Posts: 1,050 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Sometimes  I think  oh them nasty profiteering   companies...then I realise my 21 year ongoing DB pension and stocks and shares  isa   and quietly step back....program on retirement  audited a couple s future retirement prospects   they wanted  to retire to a French b&b...audit revealed they'd be lucky to get   a week  a year in the caravan 
  • zagfles
    zagfles Posts: 21,405 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    Daliah said:
    Most people living in the UK were not in poverty before the energy rises hit. The people you see shopping and eating out are the ones not [yet] in financial difficulties. It will be interesting to see the stats for 2022.

    Despite the slight downward trend in recent years, I find the poverty figures quite frightening, and, frankly, shameful for a country that prides itself to be the 5th or 6th richest in the world. I also find it shameful to put poverty down to laziness. For example, none of the 2.1 million pensioners and 4 million kids living in poverty are lazy.




    Have you looked at the definition of "absolute low income"??
    You may be surprised to find that it's still a relative measure, usually based on a previous year eg 2010, and still relative only to others in the same country, not worldwide. So it's completely meaningless for international comparisons of poverty. So the fact that the UK is the 5th or whatever richest country in the world is irrelavent, as the "absolute" measure is still only a measure against people in the same country. Using the same measure, a sub-saharan African country where nearly everyone is starving could have less "absolute low income".

  • zagfles
    zagfles Posts: 21,405 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    I find it vaguely amusing to see all these highly paid newsreaders and politicians, trying to make out that they are all personally worrying about the increased cost of living, along with the poor downtrodden masses.


    Like the hypocrites at the Guardian: https://www.uktimenews.com/guardian-editor-handed-over-inflation-destroying-150000-pay-raise/


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
  • 350.8K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K 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.