Cloud Cuckoo Land

ader42

This report is hilarious, so out of touch.
Lies, damned lies and statistics anyone?
I know families of 3 living on £24k with a mortgage to pay out of that.
Averages eh? 

Phossy

Apparently only based on a sample of 135 people..!

Sea_Shell

Phossy said:

Apparently only based on a sample of 135 people..!

They didn't ask me !!!


🤣🤣🤣

Cloud cuckoo land indeed.


As another poster said, these figures could have the reverse effect, by seeming so unachievable, people don't bother trying, and actually save less. ☹️

Eldi_Dos

Phossy said:

Apparently only based on a sample of 135 people..!

Doorstepped outside Harvey Nic's perhaps.

Albermarle

Kim1965 said:

The median full time wage is about 30k, its difficult to see how this correlates to 31k for a reasonable retirement. Providing a person is not renting and is mortgage free and debt free. 

I think the figures exclude the way the poorer/more financially stretched parts of the population live. ( which is probably around one third or even more) 
A family with one person earning £30K is not going to be even living a minimum lifestyle as defined by this survey. They will be living on a very tight budget even with some benefits and probably in some debt. 
Probably they will have to work past 65 just to keep paying the bills.

Phossy

Phossy said:

Apparently only based on a sample of 135 people..!

..and apparently not all those 135 were retirees. 

michaels

Minimum lifestyle is £630pa on clothes - no wonder the environment is screwed.

Plus meals out and takeaways, can people really not conceive of a life without such discretionary expenditure?

The key 'finding' seems to be not that things are much more expensive than last year, but that so much more consumption is now deemed necessary for essential, comfortable etc

Sea_Shell

michaels said:

Minimum lifestyle is £630pa on clothes - no wonder the environment is screwed.

Plus meals out and takeaways, can people really not conceive of a life without such discretionary expenditure?

The key 'finding' seems to be not that things are much more expensive than last year, but that so much more consumption is now deemed necessary for essential, comfortable etc

Two sides of the same coin?!? 😉

If you don't eat out, you don't need going out clothes.   Simples. 😁

Who actually needs (or wants) wardrobes full of new clobber, in retirement?

Any retired fashionistas on here that would like to share their wardrobe habits?

zagfles

westv said:

zagfles said:

artyboy said:

I know this is an MSE site and some people seem to be frugal more as a badge of honour rather than out of necessity, but personally I want to enjoy my retirement in a way that will involve spending quite a bit on travel, eating out, treating family etc.

So I do not consider these figures at all excessive.

Chacun à son goût...

We do all those things and spend about £35k a year. That's for a couple including grown kids part time and at least 4 foreign holidays a year. I think the key is to cut out the often expensive superficial fluff which doesn't add much value, and not to assume a correlation between price and quality.

The term "foreign holiday" can mean a lot of things. We spend around £2k on a week's holiday B&B in a nice 4 star hotel. Others would spend that a day (LOL!!) whereas for others it would pay for a month's holiday.

Well exactly - that was the point - you can still do all the things mentioned by the PP without spending the sort of amounts the PLSA think you need.

zagfles

artyboy said:

westv said:

zagfles said:

artyboy said:

I know this is an MSE site and some people seem to be frugal more as a badge of honour rather than out of necessity, but personally I want to enjoy my retirement in a way that will involve spending quite a bit on travel, eating out, treating family etc.

So I do not consider these figures at all excessive.

Chacun à son goût...

We do all those things and spend about £35k a year. That's for a couple including grown kids part time and at least 4 foreign holidays a year. I think the key is to cut out the often expensive superficial fluff which doesn't add much value, and not to assume a correlation between price and quality.

The term "foreign holiday" can mean a lot of things. We spend around £2k on a week's holiday B&B in a nice 4 star hotel. Others would spend that a day (LOL!!) whereas for others it would pay for a month's holiday.

Indeed, £2k could well be the cost of just one of the long haul flights in business/first that form part of one of those foreign holidays. 

Which is exactly the sort of thing I meant by "expensive superficial fluff"