Asking bankers how to cope with the cost of living crisis
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- Опубликовано: 2 авг 2022
- We went to Canary Wharf to ask people whose rent is more than our salary how to cope with the cost of living crisis.
Reporter: Ed Campbell
Camera: April Curtin
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We also asked Mick Lynch and Eddie Dempsey how to cope with the cost of living. Their answers were more illuminating: ruclips.net/video/IyGjs_bBMBA/видео.html
Thank you, lads!
ive seen your posts "politics" joe why dont you move to russia and write propaganda for putin and sell us all to communist socialism why you obviously back, people like you sicken me as a traitor who portray themselves as political commentators when you obviously have an agenda
Snobs
The awful music was too loud
No man, they've got a point. As soon as I gave up my netflix sub, my minimum wage job started paying 3x the amount.
Yeah, my daughter, who is in her 20's, stopped buying café lattés; now she's paid off the mortgage on her newly purchased 6-bed mansion sitting on 10 acres and is using the rest of the saved cash to build 30 tiny, barely habitable -flats- ahem, _apartments_ so that she never has to go without her caffeinated milk beverages again. Any children she has can say that they _"bl00dywell pulled themselves up by their bootstraps",_ and it had _nothing to do with Pater & Mater's little slum property empire and _especially_ nothing to do with their "chickenfeed" trust funds, by gosh!
@hanSOLO Yeah, I tried, but my addiction has such a stong and powerful hold on me that I just can't quit them. Mmmmm, avocados...🤤
Step 1: "Just cancel your netflix subscription."
Step 2: "Millennials are killing netflix."
totally love these replies :)
It's true, I canceled my Netfix subscription last Tuesday and I can already afford that 18th century villa on Lake Como that I wanted so bad
Honestly never crossed my mind to cancel the gin box, will do that now thanks
I misheard her as a "Gym Box" and I was like "what's in that? Elastic rope?" And then she said about going non-alcoholic and I was like... "ooooooohhhh",
Billionaires hate this one trick
People can afford gin boxes?!
Let them eat gin boxes
What is a gin box 📦
Big props to the guys calling out "short sighted " advice from others about cancelling subscriptions etc.
I mean if you fall on hard times, Amazon Prime, Netflix, an Xbox pass etc does all add up and does make a difference. It might not make a difference to somoene on £60k+ but it definately makes a difference to people on £11/per hour
@@darkspeed62well considering all of that would be £50 a month collectively and the fact it doesn’t actually help your bills in anyway, the fact that those subscriptions help release stress and improve mental health is a fundamental factor. So you like the rest of the old people are out of touch and incredibly dense in your outlook
@@user-zi8hi7ku7o I'm in my early 30s. Not only can I recall a childhood without mobile phones, tablets, and social media, along with my peer group, I also adopted them as they became mainstream.
If you think the main driver to mitigating or alleviating negative mental health issues is sitting on a softa and watching a screen, then you're already too far gone to be worth debating with on this topic.
My point still stands... if you're on minimum wage and struggling, then £50/month extra is going to make a difference to food bills.
Can we all just have a moment's silence for that heroic woman on a pittance of just £80k a year, who had to rely on her mother to pay 60% of her deposit on her flat for her - and yet made the monumental sacrifice of *cancelling her gin box* to battle her own, personal cost of living crisis? Now THAT's 'taking one for the team!' (Not sure *which* team -- the likes of me would probably never even get an autograph from them, but hey...)
I literally couldn’t believe that. Imagine making over 3x the national average income and then having your mum pay 60% of your deposit…
I am certain she does not understand the concept of a team. A team is just the annoying app she has to login everyday weekday to get that 80k a year, which is of course too less
@@K3dzz £80k is a pittance in London.
@@NoName-ql1wk no it isn’t at all. You must not be from London. It’s a very big place with many different boroughs of different cost of living levels. You can rent a flat even in most of West London for 1300. Most of my friends live in West London boroughs like Camden, Ealing, even Chiswick, many live in East, like Stratford (and no it’s not bad now), Bermondsey, Leyton or shoreditch which can be much cheaper. Not a single one of my friends earns 80K and I certainly don’t. Think about it, there are obviously still working class and lower income people living in London.
@@K3dzz I'm from and live in London.
Camden isn't West London.
You cannot rent a flat in Camden or Chiswick for 1300 a month.
A room in a nice flat in a reasonable part of London is over 1000 a month.
80k doesn't go far in London and I make (slightly) more than that.
beginning to understand why the French revolution was so bloody
I think these people are insulated and ignorant of the rest of society but not intrinsically evil, apart from Mr Sunglasses who is an arrogant tory. The tory party, all their MP's and the party members are individually and collectively evil and need offshoring to a rock somewhere in the Atlantic.
Not bloody enough, if you ask me.
The French Revolution was bloody because human beings are barely above rabid dogs. It's the reason why I don't trust democracy and the values of the Enlightenment in general. Democracy is just one crisis and a successful demagogue away from crimes against humanity and genocide.
Get the guillotine, the solar powered guillotine
@@jakemiller9547 bit of irony helps
I once got a lecture about finance from a friend of mine who owned two houses and seemed very organised.
The I found out that his parents had bought him his first house, given him half the money for his second, and then given him a plot of premium land so he could do his first four-plot property development project.
Rich people are full of great advice that makes sense when your loaded with cash. The reality is sadly that the best bit of financial advise is "be rich". You can pretty much solve any problem if you are rich. The rest of us have to sit in the cold and eat less.
I had friends who are exactly the same and I couldn't deal with them anymore. Multiple houses paid for by mummy and daddy, shielded by a lucrative family business, etc.
Their advice was always based on what they'd already been given. Totally out of touch.
They totally convince themselves that they deserve what they have, that they are in the position they're in due to merit & that if they started off with zero they still would've ended up in the position they're in. It's staggering.
Perhaps they learned from their parents and could pass on that advice?
I'm sure they would have spouted some useful facts but you chose to ignore those and carry on wasting your money I guess.
Here we are reading your complains rather than you succeeding.
Hay ho.
@@sirianofmorley yeah the old pull yourself up by your bootstraps boyo advice...alot of ppl in today's society don't even have boots though...what then?
@@travis3430help me understand please, what advice?
For people who work in finance, implying that cancelling Netflix or Sky would offset your increased cost of living, is kind of worrying 😋
Option one : live within your means! Option two : stick your head in the ground and blame everyone else for your woes… 🤷♂️🤦♂️
@@sailingwinifred as someone in the video said, having a £9 Netflix subscription isn’t the reason you can’t pay your £300 energy bill
@@jimmyjimmy2870 sure - but someone who prioritises Netflix over their energy bill is an idiot. By stopping Netflix, stopping going down the pub and quitting smoking might go a long way towards paying that bill. Also maybe read a book Instead? Books don’t use electricity! It’s shocking this sort of stuff has to be explained! When did the populace become so ignorant???
@@jimmyjimmy2870 It's not even the publics fault, it's Boris and his band of idiots.
A little reminder, £2.50 per week on entertainment may be one of the least expensive ways to have any entertainment in your life.
So, in a way keeping a subscription that you actively use IS A FRUGAL DECISION
“My mum has paid 60% of my deposit” says the person who’s been working a couple of years in finance. Guess she didn’t cancel her Netflix subscription in time.
But don't forget she saved up and paid the other 40%! So morally she's off the hook!
@@sayno2lolzisback yep, the other 40% of the deposit really shows how committed you are to home ownership 😂
It's more likely she forgot NOT to buy designer bags and going to fancy restaurants.
What's the point of making lots of money if it's not going to give your kids stability and a better life?
I'm guessing that after a few years of people reminding her that she's only got this flat because her mum paid 60% of her deposit and helps pay for the mortgage... she'll drop the mum part altogether and just tell people that she got her flat after getting a job and working for a few years....
I've been able to afford a deposite on a flat in London only because I've been working for a couple of years...... and my mum paid 60% of it for me..... made me laugh... she's got future front bencher written all over her....
It's bit skewed in London though. You get 40% help to buy. So for a typical 450-500k apartment in/outside zone 2, you're looking at a mortgage of ~300k, you'll need an annual income of 60-65k for that. 5% minimum deposit is 25k, of which her mum paid 15k and she saved 10k in two years. It's not really impossible.
@@anishmajumdar8043 I'm not saying its not possible.. I'm just saying that in 20 years she'll be stood at the dispatch box telling people that the problem with them, is that they sit complaining about not being able to save for a deposit but buy tv's and mobile phones... when all you have to do is work hard and save... like I did..
@@Ma55ey That is very true. And given 20 more years of declining real wages and years of wealth accumulation by smaller section of the populace, these people will often get more distant from the then struggles of the remainder of working people. Where have we seen this? Oh wait! The current government.
@@anishmajumdar8043 so what you're saying is she can't afford to live there and should move to a lower income area?
@@kcb8130 How did you draw THAT conclusion from what I said? I am curious. If anything, I just said the opposite.
That 2.50 a week for Netflix is the reason I have no savings and all my money goes on rent. How silly of me.
Bloody ungrateful peasant! 😉
i think the idea is closer to something like "do 5 pushups whenever you can" the idea isnt that you are going to get absolutely jacked, its that it will lead you to be more concious of your health and become more interested. or something
If you don’t have enough for food it is. And phone, and wifi
@@leoii6996 I think the idea is closer to "NO, if you're too poor you get NO FUN, peasant! Fun is EARNED, by working your ass off -- work TWO jobs if that's what it takes for you to meet your living costs! THEN - and ONLY THEN - do you get the privilege of having FUN!" Typically spouted by people who are in high-paid jobs and have money to spare BECAUSE they are in those high-paid jobs - and their idea of 'economising' is doing their weekly shop at Waitrose instead of Fortnum and Mason.
It is. If you weren't busy brainwashing yourself with dumbed down entertainment for the peasants you'd have a better grasp on how to deal with reality.
When you have almost nothing left every week to have any sort of meaningful fun or past times, being told that your Netflix subscription is the source of all your problems, when it's the only bloody "luxury" you have, is a massive slap in the face.
Well said
We're Doomed...
santa claus schwab....
''Eat zee spiders
eat zee Bugs....bon Appetito !! ''
DR Billy Gates bought 289,000 acres of farmLand !
Well fucking said👏🏻👏🏻👏🏻👏🏻
So you sit on your arse and watch meaningless junk to distract you from how miserable your life is... Whereas, another person cancels their subscription and uses the money for the bus to the local college where they enroll on a night-course. Their free time is spend in school or studying and at the end of the year, they have a bunch of new friends, a new qualification which leads to a better job or a promotion. You on the other hand can be proud that you have watched Game of Thrones end-to-end 5 times!
Maybe people need a slap in the face occassionally to wake them up from the stupor they find themselves in?
@@sailingwinifred That’s a bit of stupid statement
The guy in the white shirt talking about not giving up your £9 Netflix subscription is absolute spot on, wont make a bit of difference to my increase in fuel/ transport to work/ energy/ food shopping. Its all Governmental and with either Tories or Labour its not going to change. It now just a race to the bottom 😔
I mean yes it will make a big difference. Maybe have a look at the proposed labour legislation that the tories have smacked down.
You will have a extra £9 😂😂😂
@@CristanioPeweyyy which gets you what? Barely a few litres of fuel.
I'm so glad they've interviewed people who are indicative of the 99% of us. Oh wait
@@iiwii8622 With that £9 you can get some deal meals from Tesco for work 🤣🤣
@@CristanioPeweyyy That's one lunch for one day at work covered then, just the other 4 to sort out.
As a self-employed gardener I made £24K last accounts year. My profit will be about £16K. It's precarious to say the least, BUT..I did have avocado on toast for breakfast yesterday, so it's my fault if I go under.
Self Employed man taking responsibility for his work/life balance and his profit margin.
Refreshing to see on this channel.
We said Sir and all the best AND if you will forgive the pun - you will reap what you sow.
Well if you've got half a brain you won't have declared half of it.
😁😜
I earn like 12k as a dog walker but I work 4 hours a day
Take holidays when I want and a live a pretty chilled life. Quality over quantity. Went to London last week for a fun day and realised no way would I ride the sweaty tube everyday.
@@PastaSauce. The balance sounds like it is where you want it to be.
A Netflix sub is what, £100 a year? These people pay more than that for one meal out.
True .
unless you have a massive family paying for Netflix opens you to questions about your mental state, pirate instead.
@Baby Blue Rue I hate how everything is a subscription now. Hate it.
@@kirishima638 it forces people to put into perspective whether they need these things though. While I certainly don't think dropping subscription services will fix your finances, I do wonder why people have so many. People just watch too much tv.
@Baby Blue Rue these people with cameras in their faces are clearly well of and wouldn’t be cancelling Netflix.
Life changing advice you guys. I cancelled my Netflix and now I'm a multi-millionaire, cheers!
😂😂
Can u spare a few pennies for me 🤣🤣🤣
I was in a job earning 40k before tax and my girlfriend was earning 32k before tax, which took us up to a whopping 72k a year. I thought we were doing ok considering we are both immigrants, until we tried applying for a mortgage to buy a house and everyone treated us like we were dirt poor. It was eye-opening for me.
72k doesn't get you a mortgage in london or even most places in uk, sad but true.
Not true - we brought a house in London last year, it just depends where in London, the size of the house, the mortgage broker and how long you have been working in your job 🤷🏾♀️
@@swineheartdoppleganger5516 Of course 72k gets you a mortgage in most places in the UK, have you ever been outside of London?
The average house price is 280k and banks will lend you 4.5x your salary which would be 324k from that salary.
@@CynthiaEwersCobb i didn't want to buy a house and live somewhere that people generally don't want to live. Even the worst neighborhood has high prices now.
@@Drum8888 why would I go look for property outside London when we both work in London? Anywhere that is within an hour train journey to London is priced accordingly and sometimes more than in London.
Only the younger people seemed to understand that the rhetoric of "cancel your Netflix" is complete and utter bullshit that has totally negligible effects.
im f'ing fuming at the bullshit like that, and i'm 50 and i recall the 80s, back then it was "cancel your video membership" these are the same idiots who voted Brexit
it just shows old people cant do maths any more. i mean losing something costing 150 quid a year wont solve anything.
@bina nocht this sounds like communism.... you're clearly a cultural Marxists... lol
@bina nocht Wow, you took that personally. Must be an old person
Exactly.
That mindset of, “if you’re feeling the pinch, cancel all the few creature comforts you allow yourself/family” just shows that those with a bit more wealth than everyone else think the working class should go to work all day and then come home and sit in the dark until it’s time to go to bed and repeat the cycle the next day.
12 years of austerity and here we are, nowhere better.
@Simon Simoney Sounds like a classic case of survivorship bias.
Taxes are up and also cuts to public services are up. Where's the money?
@UCT-ZMhjBSfa5vH0n3BBP4Nw some people have hindrances in their life so need the pick me up, 1 dude my friend was a neibour of was in a toxic relationship, they deserved a decent wage for their job, and because the company kept that poor sap from full financial independence to work on their mental health, they died, by suicide, he blew himself up
We're still paying the banks billions in interest on the money we loaned from them in 2008 to keep them afloat... austerity was never about balancing the books..
12 years of the public backing the racist vote you mean. People need to wake up and realise what they have and continue to support out of manufactured fear
"I've always said it is what it is, until it isn't"
Damn that piece of wisdom hit me hard.
That girl accidentally stumbling on the Tory Party messaging principles.
"I saved for years - finally got a flat....but my mum paid 60% of the deposit" lol
Guy on the left: "I pay £2400 a month to rent a 1 bedroom flat"
Girl on the right: "Yeah cancel Netflix"
“I afforded it…”
“My Mum paid for 60% of it”
What's even more terrifying is even if you tried to reduce that by commuting from somewhere like Peterborough it would cost you £7k per year for a train fair on top of the rent.
@@Jay_Johnson That's madness 😳😳 it's better to move to another city and buy a car
@@Connect_with_Yourself or a bike. most other UK cities you can get close enough to where you work that you can cycle
100k a year to live comfortable in London is delusional probably doesn’t realise only 2% of londoners make over £100k a year. I’m from London I’d say £50-60k is comfortable.
How dare poor people consider themselves worthy of entertainment! Shocking.
If you're poor then stop wasting your measly wages on entertainment.
I know what you're both saying but you're missing the wider point.
@M Patson Stop being a melt. Many of the people who are feeling the ‘pinch’ of this are paying extortionate rates of rent, that account for a large percentage of wage.
@M Patson if everyone lived the lifestyle of just surviving without time for relaxation productivity would go down, I’m not saying be wasteful with your money but don’t fully agree with the concept of dont pay for anything that is for your pure enjoyment because you could be using it on food
@M Patson yes because of course poor people, no matter how hard they work, should only exist to work, eat & sleep, right? It's like give them bread and circuses, but without the circuses and you'll have to save up a while for that bread. Revolutions are born through your way of thinking. Perhaps instead of accepting their place and existing to work, people should rise up and eat yhe rich?
Watching this makes one understand why revolutions happen.
We're Doomed...
santa claus schwab....
''Eat zee spiders
eat zee Bugs....bon Appetito !! ''
DR Billy Gates bought 289,000 acres of farmLand !
Reading these replies makes me weep for the future of humanity!
We desperately need a proletariat revolution
@@BLCKSMTHApparel Why do you think the lowest class in society is qualified to solve complex gobal socio-economic problems? Might as well role dice, or have a nuclear war - all would have roughly the same outcome.
@@sailingwinifred pipe down Tory
Immediately after I gave up my Netflix subscription, my mother called as she found enough money down the back of the sofa to pay 60% of my deposit.
It’s like magic!
I do love the whole idea that ‘hey you’re poor, give up everything in life other than work’ god guys come on it’s not that hard… the way you make a country better is by making the poorest people better off.
That's not true. There is reason why majority of poor are there. They are only consumer. Zero value added. Parasites
I earn between 10-11k a year at a minimum wage job, im doing alright.. there are people who don't want to work and get money handed to them alongside benefits such as cheaper housing etc and I'm only slightly better off than them and have to put in far more effort... that isn't reflective of everyone ofc, I used to be on the dole because no where would hire me for 3 years despite having qualifications in IT and Computing, even the job center people couldn't understand why I only got 1 interview in 3 years.
What the Government needs to do is provide an incentive for people to actually work they should also offer training programmes for in demand jobs (like when we needed HGV drivers) that would get poor people who can't afford the costs of training to be able to learn and fill in the much needed roles in society.
@@jwoods1732 You seem to be directing ire at people on benefits having nearly the same quality of life as yourself. This is misplaced. You should instead be asking 'why is it acceptable to pay me so little I'd barely feel the difference if I didn't work?'.
The answer, of course is that it isn't and you should directing your anger upwards rather then falling for the trap of wanting to punch down.
@@Gitskreig there should be no gratification for not working unless medically conditioning. Because of socialism we face a hord of useless demanding parasites who drag down working class.
We had that around world and it never worked.
Starvation is best motivation for work
@@jwoods1732 Yeah it's not the handouts to big corporations or letting them avoid paying taxes, not £37m on a crap track and trace or the £120m to tory friends for PPE (actually worth £46m) thats ruining the country, it's Jim down the road collecting £50 a week. Open your eyes mate, you've gone fully blind.
With the music and background noise it's really hard to understand what these people are saying
yeah the music was annoying and distracting.
Doesn't help that these people are talking at a million miles an hour
@@seancorrigan3531 Different pace of life in the city 😆
Yup, bad audio mix for sure.
Who the hell put music into this video? It outs the "mini-documentary" as an attempt to influence peoples' emotions, not an attempt to provide unbiased material to provoke discussion. We want to hear the speakers, not music.
Realistically, the bankers and financiers who work in the wharf and the city are on really good money . I worked for a banker and his wife his wife had no clue what the cost of items were, she just paid for things on her card . Their house was over £4M in a gated private area in Surrey , spent more on a garden than I paid for my house ...they paid for their mansion ,outright no loans or mortgages . She bought a piece of furniture for over £1000, as soon as it arrived she had me unbox it and decided in seconds she didnt like it and told me to put it out for the bin men to collect .They truely do not have a clue how normal working class people live .
Did you take the piece of furniture for yourself?
Went through the university meat grinder, worked through the pandemic in customer facing roles, now trying to get onto the job market is impossible. Employment is terrible these days - lots of temporary contracts and now I'm unemployed 7 months in London. Not a sob story, just that everything feels futile. Such a large sea of potential employees and a paddling pool-sized market. Can't even drown my sorrows in the pub. £6?!?! This country is on its knees, and will soon be face-down.
Yet many wealthy folk won't feel the asphalt scrape their noses.
Agree but a lot of younger people nowadays chose degrees that are not aligned with the technological era we are now in - those who took note of this and studied STEM subjects....went into finance and banking (tech / business) are in huge demand and start on very high salaries...whilst not all of us can do this...a lot of us could...and can...but chose something easier...
They won't even feel it scrape the bottoms of their feet.
If it gets bad enough, maybe they will...
Some people are not suited to studying STEM. Most schools are dog shit and there is little support for people who struggle, especially with the hardest subjects like science and maths. @@imprsk6729
@@imprsk6729It's not a problem. Nobody should have the bad guys feeding them directly. Only worth it if you want to get enough experience to then leave and then start your own business. Albeit off the back of a large banking firm seems vile morally.
I appreciate that you went to the people who know money and see “how they are living” and discover in their own words whether they recognize how incredibly lucky they are to be living with such support from family and generational wealth that then boosted them into superior positions to secure their futures. Just asking what it costs to live was beautiful, thank you. Asking the poor to make do with less and be grateful is Dickensian and smacks of the worst sort of “haves snobbery”. Wake up and vote people!
With you bro but vote for who 🤔🙂
Whoever you vote for, the result is the same. Our current system simply doesn't work.
"If voting actually made a difference then they wouldn't let us do it".
Mark Twain.
@@TheWatcher369 ok who’s “they”??
@@-The-Golden-God- Not so, things have got markedly worse under the tories. They have made decisions and taken actions, driven by their ideology that have made things much worse than they could have been.
£80,000 to £1000,000 a year in London? That would be the equivalent of around £65,000 to £80,000 a year where I live. I bet if you asked these people how much the minimum wage for a full time worker equates to in a year, they wouldn't have a clue.
@Lawrence Contreras That really does depend on where in London. It's a big city, and it varies wildly by neighbourhood. I can move one post code over and see house prices cut by 30% for what is a functionally similar property. That said, you'd have to look hard to find anywhere in London even reasonably close to any northern city.
When I lived in Goole in 2002 I earnt £65,000 a year as a basic salesman. The salaries in the Uk are utterly pathetic now and totally unlivable. You cant blame people on £100k, that's what the media is trying to get you to do. THEY are on normal salaries.
Minimum wage in the UK should be £35k, average wage should be £55 or £65k
@@seanbuchanan5402 - THANKS. Yeah the media saying "greedy train drivers on £75k striking - don't you hate them - you're not on £75k are you, look at the greedy train divers!!!"
Throughout history, going right back to like 1,300, an average house has cost about 3 times the average salary. Well an average house is £275k so the average UK salary should actually - by historical mesure - be about £92k
But what they did, and Karl Marx warned about this, is they subsidised the cost of LIVING with industrialised food and cheap industrial goods made in the poorest country on earth. So salaries could go DOWN and houses could go UP and people could still get by. UNTIL THE SUPPLY CHAIN BROKE
Brexit was always going to break it but it got doubly broke with the pandemic - so the entire fake house of cards is collapsing.
One problem is in London is there are people on that kind of money because it's London.
Jobs like policeman, nurse, teacher your less likely to find these types of wages. So attracting and retaining talent in these areas is difficult. The second issue is people working in shops, warehouses, taxi drivers and other professions your even less likely.
How London functions is difficult to understand. When the difference in wages is so high.
@@miracletortoise6224 York is trying its hardest to catch up.
I was thinking "who pays for a gym membership every three months?" But then I realized she said Gin.
lol same
It's truly astounding how out of touch with the harsh realities of economic struggle the upper class elites in this country are. They almost seem to live in some kind of bubble of their own, entirely blind and oblivious to the struggles of the average working class person - they literally don't even have a clue in the slightest of the sort of harsh problems poor people face. Especially nowadays with the country going through this energy crisis, and you have these people thinking if someone simply cancels their £6.99/month Netflix subscription they'll somehow be able to cope with inflation, rising living costs and increased energy prices (as well as making sure their family is well fed and able to afford basic necessities) lmao. And yet somehow they're simultaneously aware of how costly it is to live in a place like London (though of course to them, a "minimum of £100k a year" is simply nothing), but still try and suggest cancelling subscription costs will somehow help at all - meanwhile their entire careers are involved in sectors that are based off of exploiting the poor further and making the rich richer. Genuinely a ridiculous and sad situation.
We're Doomed...
santa claus schwab....
''Eat zee spiders
eat zee Bugs....bon Appetito !! ''
DR Billy Gates bought 289,000 acres of farmLand !
I mean, these people aren't elites. They're just well off
@@fighterwho ''Tolerance and apathy are the last virtues of a dying society “ …….Aristotle
I guess you sorta missed the point. It isnt about a £6.99 netflix sub - its about living within your means... What if you have £100 in your bank account and a £106.99 electricity bill? I bet you would wisah you had cancelled the subscription then? Gen-Why onwards seem to have lost the ability to think logically, and they demand that everything is provided to them on a silver platter... Harsh realities are coming, and they will make todays problems look like nothing! Life is going to become darwinian - better learn how to depend on yourself and survive... (without Netflix!)
so clueless they wouldn't notice the howling mob headed their way
The goal is to lower the standards year by year by which we're expected to live. Until the majority are not living, but merely surviving. We've been told we have to manage our budgets by the Tories for decades, and yet the noose around our necks gets tighter and tighter no matter how much we cut back to make ends meet. The goal is pretty clear, the peasants get nothing, the wealth per capita shrinks, the rich continue to plunder the coffers and fund the propaganda and buy the politicians to convince us that a fair shake is tantamount to theft. Any poor person advocating for a fairer system, is lazy and jealous and needs to keep their mouth closed. Any rich person advocating for a fairer system, is a champagne socialist who needs to keep their mouth closed.
Bingo
Yup roll us back to the 1800s.
Could be the stratergy, a labour force cheap enough to compete with Congo or Madagascar (about $7.50 per week), to attract investors. To liberalize things they could offer goals for reaching targets, like water, food, or cyanide pills.
@@sprobablycancr4457 that was actually the goal of the EU, a quote from Mark Blyth (not a tory) - "Because the long-term effect of the euro is going to be to drive Western European wages down to Eastern European levels in global competition for export share with the Chinese". If you factor in Tony Blair and his rampant immigration from the EU and minimum wage he brought in. You have the real culprit - the globalist, EU loving war criminal and the Tories kept it going
Absolutely on point
When I graduated in 2003, I really thought I was on the path to a better life than my parents had. Now I'm a broke middle aged guy who wishes he had life they did. Worse every year, I will never get out of renting.
I feel for you, your education schematizes your own exploitation. I never went to uni, so the reality is hidden from me beneath a veil of blissful ignorance.
@@Wasteman94 a terrible option for the UK.
@@sprobablycancr4457 because I'm the first of my family to go to university, there was a lot of expectations not met. Not for lack of trying either - just so hard to keep ahead of mounting costs etc.
@@Wasteman94 Climate, lack of access to necessary services (power/water/etc), legal landscape hostile to people without permanent address.
@@Wasteman94 lots of us dossed around in our twenties thinking we'd solved life's problems. You haven't. Things can change in your life and without substantial financial resources, having no property or legal address is bad for you. Enjoy it while you can, but you're very exposed and considered undesirable by the system.
They do have one thing right though: you need around 70k to be able to live *comfortably* in London. That's when you can rent your own place while saving up for a deposit for a house (and hopefully eventually buy one if you manage to save). If you're around 40-50k you can have your own place but it's a struggle to save without being frugal (considering London rent). Once you get into 60-70k you can have your own place, save, and live pretty comfortably without having to worry every time "can I afford going to my friend's bday dinner?". This is because rent is disgusting if you want anything that isn't a carpet-clad drafty, mouldy, hellscape 9 gajillion miles from where you work. It is because one day's travel is approximately 10 quid if you go via tube & through the center. It is because a lunch (again, key word being "comfortably") from a food stand is around 8-12 quid.
There was an article not too long ago about what you need to live comfortably in London, and I think it was at 65,000. I think it was done by a recruitment firm.
How does someone even spend 80k? Where does the money go. I live in London, I know how expensive it is but, my family is 3 dependents living off of a pension of ~30k which is more than enough to get by, I genuinely cannot understand where one person spends 80k and then gets off telling people on the minimum wage to “just unsubscribe from Netflix, lol”
If everybody totally gave up luxuries, businesses would fail and plunge the country into even worse times. Everybody needs to have something whether it be a £9 a month Netflix subscription or a £50 gin subscription. This is how the economy works and by affecting people who don't earn 100000 plus it makes for a spiralling system where we will end up back to the rich and the peasants. Where people have nothing just to stay alive and even struggle to do that
You've hit the nail on the head. This is why austerity was such a disaster, because by tightening our proverbial belts we were just shrinking the size of the economy and causing low growth.
@@mitsterful and the fact that only the lowest paid and those on benefits were the ones having to tighten their belts..
A two-tier society (no 'middle' class) is precisely what the 'elites' want.
The government pushed Eat Out to Help Out and getting people back into offices when they were doing perfectly well from home precisely because of the effect it was having on businesses in the city. They say to stop going to Pret for a coffee and a sandwich as a way to blame you for your economic hardships - but as soon as people actually do stop going to Pret it’s a huge problem and everyone needs to go back to the offices so Pret can survive.
Why not cancel your Netflix subscription and pay the licence fee. The stuff on iPlayer and All4 is just better. Not to mention the money you spend on Netflix is going to US shareholders whereas the BBC is not for profit and reinvests all of the money in the community. Killing Netflix is good, it will stop them using the 'it can't compete with Netflix' excuse to flog Channel 4 to US shareholders.
White Shirt Hugh Grant dude had the clearest assessment of the situation IMO.
What I took away from this is that these people are not in the 1% of wealth at all, but are obviously paid greatly over the national average and yet clearly are much worse off than their parents generation of bankers. It stands to reason when you move down closer to national average pay checks that we are all worse of compared to years gone by. An interesting metric for this is looking at average wages over the last forty years vs average property prices. We are all at some level being taken for fools.
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It's funny how they want you to not have any vices in life. You can't even watch a movie on the weekend hahha. The simple answer is pay people more and in line with inflation.
Also I laughed when that girl said her mum paid 60% of her deposit
Paying people in line with inflation is like a dog chasing his tail. You're clueless.
They never said remove your TV and all tech
@@izdatsumcp but it's fine for the upper classes to consistently get raises above inflation?
@@bln35 It's not about fine or not, you clueless berk. If you pay people more without any increase in productivity, you're just going to have to hand that increase over to the consumer.
“Pay people more” wow , your brain is broken.
The answer is not to QE like a wh0re when there is a pretend pandem1c. Think, if you still can.
Gives me some hope that the younger ones had the bare minimum understanding of poverty.
Mr Sunglasses however...
Is a sociopathic sun reader
He was like a parody of my Uncle Dave played by Greg Davies... Excellent performance, Greg, but more subtle next time
@@joe94c Only a sun reader could look at Truss and Johnston and go yeh they're doing alright.
Those are reactions lenses. Sunglasses are for peasants.
😂What cracked me up is he didn't even look happy! Everything sorted - still miserable.
I love being told to cut down on luxuries when I haven't been able to afford anything that wasn't essential for over 2 years. Cutting down on luxuries at this point would mean walking around in the dark to save on electricity or maybe eating my pasta without some kind of basic sauce. Perhaps you'll forgive my decadent ways while I spring for a tube of superglue to fix the shoes I can't afford to replace
@Gareth Mathew dry pasta and various weeds from the park it is then. Water is getting pricey and salad costs more than sauce
@Gareth Mathew I'll bear that in mind
at that point, maybe go back and live with your parents and start again or something (if you can). I can't imagine two years of living with only basic essentials and not making anything, I'm sorry that is the situation you are in.
@@Jod5nn thank you for the well meaning advice but unfortunately no better options exist. I've still got my health and have kind people around me so it's not the end world, just have to ride out the hard times and hope for better years to come.
Funny - because in my lifetime - my familty could afford electricity, so we only had a fire in the evenings and played board games. Our bedrooms had no heat in the winter, and the windows were often iced-up on the inside by the morning. We only had a small garden and it was devoted to growning seasonal food. Meat was a rare treat, and was usualy made to last the whole week.
And you wonder why the older generation mock the woke generations for all their complaining...
I feel like this was trying to be more of a "gotcha" than it was. The younger guys particularly demonstrated a solid understanding of the mechanics.
Yeah this. Only the old white guy with the glasses was a genuine dick. The others said somewhat reasonable things.
Yep, reeks of politics of envy.
‘The upper class keeps all of the money, pays none of the taxes. The middle class pays all of the taxes, does all of the work. The poor are there, just to scare the shit out of the middle class. Keep 'em showin' up at those jobs’. George Carlin 😂
Upper class contribute to the majority of tax revenue fyi
@@MichaelJ44 do they bollocks the 1% are the biggest tax dodgers on earth, just look at the head quarters addresses all in tax heavens!
@@MichaelJ44 true, but not to the ratio that they earn. Even though they pay a huge amount, its still lower than it should be.
The upper classes pay almost half the taxes the government receives. The poor pay next to nothing. As it should be
@@DrLove-ql1wh what ratio do you suggest?
“it does make me laugh when people say they struggle.’
Me too!
I also push old ladies in-front of traffic, turn kittens inside out and decorate my crib with foetuses.
What a weapon, he is. Sigh.
Liverpool I see.
You seem nice.. I would suggest netflix and chill but I had to cancel my netflix sub last year and It's beginning to look like chill is outside my current budgetary restraints.
I am told, as a UK citizen I now have much more sovereignty, prehaps I can sell some of it on ebay to get me through :D
@@ricardobimblesticks1489 Chill will be sorted when you can’t pay for heating in the depths of winter. Tories really do think of everything! 🤥
2:56 this guy gets it
£80000? They’re just figures that most of us can ever dream about!!
I was in a pub for a gathering in a wealthy village in Somerset. A group of men were all loudly comparing how much they earn. It was a lot. They asked one guy how much he earns and he said "not only is it none of your business but your entire conversation is vulgar and awful. Have some self respect". They looked embarassed. I suspect it didn't last long.
I found out the guy who embarassed them was wealthier than all of them combined.
guys i have a revolutionary saving money tip: don't drink anything, starve yourself, don't shower and live outside!
Hey - your camera op should set their frame rate to a multiple of 25, as the UK power infrastructure runs at 50 hertz. That's why the lights are all flashing. If you have the option to film at 25 or 50, that won't happen any more. Hope this helps instead of condescends
background music is a bit distracting
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I'm saving up for a Twix😂😂😂
You should switch to Aldis fake Twixes.
With the savings you'll probably be able to put down a deposit on a house in no time.
@@bakedbean37 Possibly but as long as Netflix is cancelled at the same time
@@bakedbean37 if only Aldi would start making houses....we could all BOGOF!!!!
@@ianhoward4246 With all those cheap power tools in the middle isles I think we're supposed to DIY build them ourselves.
A left or a right?
Duty on fuel is just ridiculous in the UK. I have a friend who is Libyan, he said right now fuel prices in Libya are 19 pence a litre! You can fill a full tank for a fiver.
Its the corporations we need to stand against, even with their 90k salaries, these dudes aren't the real enemies
What are you actually planning on doing though?
@@leobrooks5717 Well, I'm only a pleb and I don't expect everyone to do what I do, but basically it comes down to mass civil disobediance, and I guess we all have our ways to express that, personally I am a nonviolent person but I believe totally that we need to claim our power back from the abusive elite. I am personally making an effort to have more open conversations with people and instead of feeling alone i am finding more and more people agree that this has all gone too far, so I also signed up to 'don't pay UK' and when there's enough people I won't pay my energy bill in a public strike, I shop locally in my small town to support small business and I avoid supermarkets and Amazon, I keep using cash, I swap skills and gifts, I've joined more community events so we can take care of each other this Winter and I meditate and generally try to be kind. It might not sound like much, but i think there are going to be more things happening and i will totally be backing the unions, I'm also open to more suggestions 🙂
I'm single and I earn £25000 per year.
If I was earning 60k, 70k or 80k per year I'd be living like a king.
You would be surprised - it always seems that another 10% would push you onto that margin of not having to count quite as many pennies but often all your outgoings edge up incrementally with your income; slightly nicer car, slightly nicer area, bit more into the pension kitty etc etc... then you're right back to thinking how stress-free life would be with that extra 10%. At least, that is my observation - but then there are also people who value peace of mind over nicer things and avoid this cycle.
@@divinity176 I'm one of those who value peace of mind over material things.
Don't need a bigger house, the area I live in is find, my car work perfectly well.
I'm happy.
Could always do with a bit more cash though and extra 10% would be nice.
@@colinbrown7305 Idk how I could live with peace of mind knowing I'm tied to multiple debts for the next few decades.
@@CoolChris-vn8hz I live within my means. Having a mortgage to repay is far less than having a rent to pay.
I know that when the mortgage is repaid I will own the property outright and I can pass that property on to my child.
If for some reason I was in the position where I couldn't afford to pay the mortgage, I could sell the property for more than I bought it for and take out whatever equity I have.
Having money tied in with a property is better than having savings in a bank. Savings in a bank is losing money especially at a time of inflation.
Peace of mind comes from knowing that I'm not a the will of some landlord, who can increase rent at any time while im essentially paying a mortgage, and then some, for the benefit of the land lord.
I could even potentially remortgage, take out some equity from my mortgage and use that to as a deposit on a second buy to let mortgage and use that to purchase another property which I could rent in order to generate income which would pay both mortgages.
That would be impossible if I were paying £1000 per month on rent.
@@CoolChris-vn8hz debt is the vehicle that most wealthy people use to generate wealth. They use the banks money to generate cash flow. For example a business may use debt to purchase an asset. The repayments of that debt maybe £500 per month, but the cash generated from that asset is £1000 per month leaving the business £500 in the black per month.
All business do that, from someone as simple as a common taxi driver to big multi national corporations.
You'll be hard pushed to find a business or business man that uses their own money to make money.
Fills me with a little hope when I hear young people saying 'It's short sighted', 'Easy for the older generation to say, give up Netflix'. It's Daily Mail, Sun reader mentality which is so damaging to the UK. The good news is that the Sun/Daily Mail generation is gradually dying off and being replaced with something much more valuable to the progression and survival of the British Isles.
Preach!
Spot on.
You can't buy the sun newspaper here in Liverpool.
The country can end msm sheets simply by not buying it. I've been saying this since the 80s. They only look after themselves and the agendas of their billionaire owners. Continually injecting negativity and lies into civilians veins.
Not everyone who reads the sun or daily mail fills that stereotype, stop reading a book by its cover, also don’t act like the upcoming generation will all be valuable, frankly the daily mail and sun readers are the people who provide a lot for the economy, not talking about bankers etc
@@lmc5955 think what he is saying mate is we are the generation with info at our fingertips and we all seem to be quite progressive I think the right will slowly fade
@@lmc5955 even if somehow you manage to avoid 99% of the beliefs espoused in those papers that 1% that makes it through ia incredibly damaging. My first thought is
how the uks attitude to strikes has been which thankfully is a trend thats reversing itself.
My partner and I are both on well over 100k, but rather than waste money to pay for an expensive postcode, we live in up and coming areas - which aren't the nicest. We can then invest and save and support charities. We hope to retire by 55 and continue living modestly 🎉
All these finance yuppies were softly led and landed into their positions in an affluent childhood
I thought several of them sounded very sensible and aware of how disconnected they are from the problem, and how privileged that makes them 😅 a lot of the comments here are quite harsh, at least we didn't get the avocado rhetoric from them 😅
Almost as if privilege courses work... who'd have thought learning how privilege works... allows for better educated responses... Yet its called being woke in MSM
I wonder if the comments had been so vitriolic had there been less ethnics in the video
I wouldn't say they are privileged in all cases... many highly paid workers in banking and finance had to put in tremendous work getting top A level grades and degrees in the fields that match the technological era we are now in...
@@imprsk6729 That's not what privilege means though. It's not just about how hard you work, I by no means had a privileged upbringing but part of privilege is understanding i am still more privileged than others, I had a 2 parent family, food on the table etc, yet there are people more privileged than me.
@@subterrainmusic4002 I am not sure u read my comment... correctly... but never mind...
So let's do some quick maths:
If I was to cancel my Prime, Netflix and Tidal account I would save £33 a month. (That would barely pay for dinner out in London)
Pre pandemic I was paying around £70 a month for gas and electric and we're going to see that go up above £130 probably (which is what it was at the start of the year).
So even with my millennial vices to keep me from losing my mind, I'm still over a hundred pound shy of covering my bills....
*maths
@@jmoz happy?
A Friend of mine's monthly energy has gone from £140 to nearly £400 it is crippling.
It means you still need to find 27 pounds to cover the bills, not over 100. Or maybe my maths is off
@@philiprichardson4277 I just got my new estimate and it's just below £200
£3400 rent for a one bed flat. Owned by an investor from overseas perhaps. That says it all as do the people interviewed. It will all end in tears.
Some of them seemed to have some sense and realise that cancelling certain "luxuries" wont make any difference, but some don't seem to realise that quite a lot of people wont be able to afford the electricity to even turn the TV on, let alone the oven or microwave
Any advice given about cutting back on expenses for working class and poor people ignores the fact that
A) less expenses doesn't translate into more money if you don't have a lot of money.
B) it's bad for the economy because it reduces money's spent on various types of businesses.
Saving doesn't hurt the economy, unspent wealth is only an issue for generational equality and doesn't translate until you have 5%+ of your economy not being spent.
@@kelmanl4 Saving is economically pointless, there's too many variables that just eat away at any chance to gain cash.
@@heresjohnny602 That's why you save, encase something unforseen happens. Savings really not that hard if you save a little bit each paycheck.
@@kelmanl4 No you don't understand what I'm saying, inflation, interest rates, life expenses. You're not ever going to save any form of real cash just by saving. Fact. Putting pounds away one day simply sees them become pennies the next. You will never save your way to a life like these people have, definitely not in England anyway.
@@heresjohnny602 obviously not, but something is better than nothing there's a difference between working class and lower middle class. They are not that different but there's cash flow differences mainly.
"cancel your netflix subscription", yes, you can only have fun if you're paid well. otherwise you should be a robot and work eat sleep.
Or aspire to get a better job??
You can’t complain about not being able to afford things if you work at KFC. You didn’t end up working at KFC from a gust of wind lad.
@@GrizzlyAdams101 are you serious? Or do you think making moronic statements are cool?
Lol Netflix is siht.
@@ANTSEMUT1That spazz thinks jobs grow on trees or its just snap your fingers in another career and your all good .
I'd save about £120/year by cancelling netflix. That's less than 1 week of rent for me, living in a cheap UK city.
In London it's even less significant. That guy paying £2400/month rent for a 1-bed flat, that's crazy. That's twice my monthly income as a PhD student. That's over 4x my rent.
This crisis is happening because the costs of necessities are increasing, or are just at all-time-highs.
Rent is higher than it's ever been, and buying a house is more expensive than it's ever been.
To even think about buying a house, you have to save money, which usually involves saving as much as you can while renting, or living with family.
But it's also harder than it's ever been to save money, because all of the extra necessities like utility bills, food, fuel (if you have to drive to work etc) are much more expensive than they were just 1 or 2 years ago.
My bills for gas and electricity used to total around £50/month in the winter as someone living alone.
This summer, I'm paying over £100/month, with very little gas usage (just for hot water and heating). Winter will soon approach, and I simply won't be able to heat my small 1-bed flat.
Not only is a basic living (rent, food, bills) more expensive than ever before, but wages for the majority of workers in the country have been stagnant for years now - often falling behind inflation, meaning an effective decrease in pay.
Yes, we could all save £100/month by cancelling all our subscriptions, not going to restaurants or coffee shops and not driving places, but that's barely touching the amount by which we're all being robbed for by oil and gas companies, by landlords, by the fucking government itself and the ridiculous tax on fuel when it's £2/litre.
We're being robbed in broad daylight, and the few that have enough money to weather the storm are saying "I know you've been robbed, but I think the real problem is the coffee you buy before work. If you didn't do that, you'd be totally okay with being robbed".
If that's at all how you think this problem can be resolved, eat shit. Look at the actual fucking numbers to figure out what difference netflix makes.
50k up north close to Manchester used to be like 70k down south. However the houses are much cheaper up north. People who tend to stay in London will never leave London unless family requires more space and they realise that a 1 bed flat pays for a 4 bed one in some of the Home Counties
You've gotta love listening to people who seem to be way out of touch with things- wonder if they'd tell some of my clients who need a fuel voucher to keep the electric on or a food bank voucher to cancel their Netflix and they'll be fine 😅
have the same job as you mate, and never agreed more, it kills me inside, every day, and the ones responible get away with it, torys fyi
I am therapeutic Counsellor and I work with the most vulnerable people in my area. I have also worked in London in Media and been a part of the so called ‘haves’ - they don’t have a real clue but they know they’re going to be better off than most .
People who are struggling with the basic stress of ‘living ‘ often smoke as a coping mechanism and Netflix has seen a huge reduction in its subscriptions- so people are cutting back .
IT IS NOT THE PEOPLES FAULT OUR GOVERNMENTS ARE INCOMPETENT EITHER THAT OR CORRUPT .
Yet it’s the people who are expected to pay for the governments mistakes .
OUT THE GOVERNMENTS and let some real professionals run our COUNTRY .
To be fair, in the video it was just that old guy. Everyone else said it was stupid or just said "I don't know your circumstances but do what you can to keep it simple"
Music in the background is way too frustrating, please lower it next time
But my mum paid 60% of my deposit... I'm glad her mum has that sort of money and love to give her. Meanwhile, back in the real world.
But she has been working for two whole years...so really its all her. Hurry up poors, get your own house.
Would you prefer is she lied, she didn't come up with the questions, she just answered sincerely.
Wasn't she admitting that even on her salary, she can't afford a place of her own without help, thereby pointing out that the prices are ridiculous
😂😂😂😂
Should have asked them how they felt about there sector being bailed out by us in 08.
Spot on, funny how the goverment can always find the money when it suits, especially for their banker chums.
@@MarkStevens8899 Thank you. A subject I still very resentful about considering the drop in living standards we've faced since then.
Just as a note, a lot of people work in banking: from customer services, it support, branch, to investment bankers and portfolio managers. So the range of salaries is very broad.
And this video clearly shows that broad range.
These people don't reflect that spectrum, mate. These people are totally isolated from what a huge amount of people are going through
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Oi, bankers. Heres the monthly breakdown for a single guy employed renting a one bed apartment...
£800 rent
£150 housing tax
£200 housing gas/water/electric/internet/upkeep
£25 Mobile phone
£200 vehicle tax/insurance/maintenence
£200 vehicle fuel
£200 food
£9 netflix
=Lets call that £1800/mth overhead
Gross pay £28k, minus tax, = £1900 take home
£100 a month spare = £3 per day!
Now luckily if you have a missus (working full time with her own car sharing the one-bed same wage) youve each got £700 a month each to splash which is 24 quid a day which is a lot more managable. So you can only afford a house if you are sufficiently committed to a girlfriend to move in together. Right. Then you have a child - but youre both working. Soooo.... daycare? There goes 500 out of your 700 a month until the little one goes to school. And thats before the cost of the child comes into it.
Basically if you want any amount of money for yourself by this point you need to either not procreate, live with your parents, not own a vehicle, and/or earn an above average wage job which half of us arent going to be doing.
Tell me thats not a recipe for a country going down the pan...
Here's my breakdown:
#1 Don't live in London
£300 mortgage (3 bed semi w/ garden and offstreet parking)
£80 council tax
£125 gas/electric/internet/water/upkeep
£0 mobile phone (i just use my work one)
£155 vehicle tax/insurance/maintenance/cost of purchase (I own it) spread over 4 years
£240 vehicle fuel to commute (paid for in full by work business mileage rate being higher than my actual pence per mile by about 3x)
£400 food and drink (I eat well, cook from fresh every day and drink good liquour etc)
£9 Netflix + £10 Amazon I don't even use those I just pay for my brother who is less fortunate financially
I also have no credit debt. I pay my CC off each month in full by DD. I use it for online shopping.
Gross pay 33k, minus tax + mileage and expense allowance = £2200 take home
£880 a month disposable. £30 a day.
10x what yours is.
Did I mention .. I don't live in London.
I also have a gold plated pension (public sector) and will retire at 50.
I'm pretty representative of my age/income/regional disposable.
I am a middle earner in my organization and am not "rich" by any means. I don't have more than about 6k savings and 10k in assets.
One reason my mortgage is so low is because I put a lot down, which I saved over 5 years working two jobs.
One thing I personally find astonishing is how much people spend on gas/electric per month. The figures I hear for the "average family" of 2-3k a year is just ludicrous.
I never spend more than £75 a month in winter..
🤷♂
@@cgavin1 > £300 mortgage (3 bed semi w/ garden and offstreet parking)
Good fucking luck with that one. If you're buying now, getting a £300 a month mortgage is pretty much impossible, especially with rates being sky high, along with sky high house prices. Then there's the whole issue of extortionate rent prices, meaning you can't save for a deposit or fees, which means you can't get a mortgage anyway.
Not everyone gets a paid for mobile phone, so there's a privilege. Your work pays for your fuel, so there's a privilege.
I don't live in London, but the midlands, and I don't know which part of the country you're living in at this very moment, nor do I know how old you are (I'm guessing late 30s, judging by the mortgage), but your numbers won't work for someone renting or looking to buy at this very moment.
You’re in dreamland skipping along with Santa if you think this is in anyway representative of anyone.
The mortgage, fuel and bill estimates are a joke. My energy company jacked me up to £200 a month in April, and are going to double again in October. I can’t change provider nor do I have any recourse.
You’re so f***ing privileged. You own a house. That’s a fever dream for me while I pay £900 in rent a month for a 2-bed flat with two kids and a wife who can’t work as the childcare costs would cripple us.
I don’t have words for the contempt I feel for you.
@@LaMalBoyd Its not his fault fella, its just that noone realises/cares/notices that most people born in the 90s and later are doomed to being forever poor and essentially homeless.
Or at least until the price of housing (and thus rent) drops down from 7x to 3x yearly earnings like it was back in the 90s. So your 250k house is now 100k.
In 50s america you coild buy a house for 1x your yearly wage... No wonder people were buying houses at 25 they just all saved up and then moved out like it was nothing
I was paying about £500p/m for 2 days a week daycare for 1 child in my area the past 11months. I would have to pay £1200 for 5 days a week childcare and I have 2 kids (£2400p/m). There isn't even anywhere that has space for my kids as of September unless I travel over 30mins away. Needless to say I have been priced out of working from september. Might not eat this winter but at least I get to raise my own kids rather than strangers having them 10hours per day.
I earn 32k/year living in london. I definitely could have budgeted a bit better but for a period of time i was living on soup and bread. I am moving out at the end of the month because of the rent increase. I might come back some time next year if i can land a better paying job but you pay £6/day just to get into the office, £50/month on council tax, £1000/month on your rent in a house share, and then £200 on random bills. Its been pretty miserable to think I've spent a full year working here and am more in debt than when i started.
I think to live comfortably as a single guy you'd need to earn around £45k. Then to live well (holiday+savings) you'd probably need £60k.
I may be broke but i can't say i didnt enjoy myself. Only reason everything is so expensive is because everybody wants to be here.
5-10 years ago you could live quite comfortably on the average wage but now you’re just surviving.
Greed is the problem
Bro i remember those days, if you had an average wage, you was GOOD lol.
i wouldn't be surprised if an older person said cancel your internet, not like banking is reliant on internet now. online services are the entertainment although netflix is dead or dying at least as its an expensive service with a lack of good movies
And things like Universal Credit also relies heavily on having an Internet subscription so in this day and age for anyone to say cancel your Internet provider demeans how prevalent and necessary it is for day to day living.
Not having the Internet in today's age means your life has restrictions on basic living functions.
☮️💚🐝
@@namethestars I didn't agree with it at the time but we should definitely have internet included in taxes.
You can literally cut your home WiFi bill and operate solely on an unlimited 5G phone contract and hot spot to everything when needed
@@MrAlexandre3213 Require 5G infrastructure to actually be deployed everywhere, and unless you live in a heavily urban area such as city centers 5G is not deployed yet
It’s as if people that have never had to do the math don’t understand how negligible 150 quid a year for Netflix is when you can’t afford to eat or pay rent…
The English that your searching for is Maths...Mathematics.
It's £16 a month mate... Food is infalting at 12%... you are living in a dream world
The TV license is more than Netflix pal. Freeview is more expensive than Netflix.
A tv costs what £300+ to buy and the TV license is £160 per year. Well a new tablet can be £40 and Netflix is £100 per year.
People argue not to cancel the BBC and TV license but to cancel Netflix, go figure.
We don't need a TV license for Netflix though.
Netflix can be as little as £6.99 per month which equates to what £1.62 per week. The crooked charity organisations ask for more than that a month.
How about all essential services now moving to online only services, you need broadband for that, and for broadband to be installed, BT want their money for it also.
I have a mobile contract that costs me £6.99 per month, that's nearly the cheapest I can find and I rarely call people now, just text because it is cheaper on my plan.
There are many things that can be done to make life cheaper but too many like a king fortunes off of us.
@@jacksonbow2766 So saving £400 on not having a TV is gonna solve the cost of living crisis and the housing crisis?
@@clivepeacock Thats not what I said is it?
£7500 as a UK pensioner ,no.other payments
*energy bill doubles*
“I knew I should of just cancelled Netflix”
The older guy is living in fantasy land. If we hadn't locked down during covid, the rest of the world still would have. So the supply lines, imports and exports, would have collapsed anyway. Supermarkets and essentials remained stocked precisely because there was a lockdown and stocks were rationed. The shelves everywhere would have been emptied real quick. That's not even considering the hundreds of thousands more who would have died and the total collapse of the NHS.
The mistake was not locking down SOONER, and remaining in lock down instead of flip flopping between lockdown and no lockdown for purely political reasons.
Correctamundo Jodie,we have the best defence going... The English Channel
I don’t hear people talk about this enough. The fact that Johnson left it so late to lockdown multiple times despite warnings from just about every expert in the country, including his own scientific advisory group, meant that ultimately we had to lockdown much longer than we needed to, restrictions were in place longer than they needed to be, more unnecessary damage to the economy and more deaths.
The mistake was not lock the whole world down.
So your answer is more lockdown? hahahahahahahahha
@@adriancook9742 "Mistake"
"I don't think we should have shut down the economy" from a city banker who could spend the whole pandemic working from home....
Yes, I found that slightly more annoying than everything else he said. I guess with a certain level of wealth you a have faulty understanding of risk, which given what he probably does for a living has some amusement value.
@Satoshi Nakamoto sorry you can't keep up
With these points I always think it's such a shame the dead can't speak. All those people on ventilation at the start of the pandemic, would they say put the economy before human life?
@Satoshi Nakamoto its his fault because he has an ignorant opinion, the guy is obviously a bellend
To be honest, even you work in finance or IT in London, you can’t afford to buy your own property. A shoebox in zone 3 can cost anything over 400k which is the equivalent of a decent house in some other areas in the country.
The issue is our government need to reduce tax/vat in order to keep the economy going.
i live in London, i earn around 50k, i have a wife and daughter, my wife isnt working at the moment as she had to take redundancy post furlough and hasnt found a job just yet. ake home after tax is circa 3.3k, minus mortgage and bills that 1.2k, minus running costs of car, transport, food, additional lessons for my daughter it leaves us with about 100 a week.... thats with a 50k salary, i genuinely have no idea how people earning minimum wage manage to live in this country let alone in London. The fact that nurses are having to use food banks is a disgrace and the idea that you need to earn tripple figures to live comfortably is disgusting. I was raised here so dont know anything else and as such never looked to move out, but will be looking to leave London if not the UK as soon as feasibly possible, if anything to lower the mortgage cost
Nurses using food banks... Fucking Christ.
Thanks for the breakdown.
I'm skint, unfortunately I haven't got Sky and don't smoke....now what!!!!
did you vote Tory?
Sell your spare kidney then.I'm channeling my inner Liz Truss aka the demon imp.
Just work harder man..... its not rocket science... lol
@@farazvfx I'm from Up North.....what do you think?!!!!
Get a better job, you're welcome!
The guy who said he would vote for Truss is totally the bellend Tory types that are the most judgemental, and the least empathetic or knowledgeable about how other people live.
Yeah nothing judgemental about this comment though *face palm*
@@guyverjay1289 They are not wrong though. It's usually some guy in his 70s on a full pension spouting shit about "snowflakes" who wouldn't last a day in the modern workforce.
@@guyverjay1289 First off you barely made sentence and had to edit. 🤦♂️. Secondly my judgement at least based on exactly what he said, which is bellend arguments of :- I know better than scientists and they shouldn't have lock downs, to people are struggling because they waste their money on sky sports,smoking and alcohol.... because yeah that's totally why everybody is struggling. I'm sorry you got your pantys in a twist. It's the narrative that every poor people are poor because they haven't done x,y,z in their life. That guy wasn't some Uber complex person with layers.
@@za.307 - Thanks for agreeing that your comment was judgemental and admitting to being a hypocrite. The rest of your " pantys in a twist" diatribe isn't remotely relevant. Bye 😚
P.s I edited to *bold* two words. Being *judgemental* again I see.
@@guyverjay1289 Ah why so sour. You need to chill and not take yourself so seriously Mrr 'I'm not Judgemental'. You get a big goldstar, good boy.
Completely out of touch with the actual reality. We gave up all our TV subscriptions and even stop paying the TV licence in April just so that we could afford the extra cost of living. We went out for a meal for the first time in months the other day and that was only because someone gave us a gift voucher. We don’t go out we don’t overly drink we might have the occasional beer but not often and is rare, because we can’t afford it, we certainly can’t forward to go to the pub is way too expensive. My husband is a care manager it works really hard and yet we can’t afford for him to enjoy life. That shit. The economy will suffer because the working class as well as the lower class won’t be able to afford to buy anything to prop the economy up.
Anyone Want Asset Manager, Accounts Manager And Tax Manager, Audit Manager, Transfer Manager I Do Work With Safe And Secure
An equally illuminating question for them: "what does the company you work for produce"?
Economic crises?
Increasing velocity of imaginary money for the purposes of creating transactions from which they can acquire a monetary gain
@@rossevans11 Ah so nothing then
Some here, don't know what its like to grow up with barely anything or watching your mother skip meals to feed the kids. Its nice to know a few completely understood that ending your Netflix sub isn't going to do anything.
bank workers at any level shouldnt be paid more than a GP. In fact I suggest we pay them less than care workers
bank workers arent privatised the only people who determine how much they get payed are them
@nikmak as a care worker its hard to go lower than 'we' get paid but Oh look they might have to locate their nearest food bank like a lot of nurses etc have to do and have had to do for ages now.
nah man you've got it backwards - care workers should be paid more than bankers
I'd be worried about a banker that can't get his act together enough to save money on a salary under 80k! I wouldn't trust a guy like that to put the kettle on without burning himself, never mind trust him with my savings!
Bank workers aren't at the mercy of their government the same way a GP is. 'We' don't decide how much to pay them, they decide how much to pay themselves.
Great video man. Interesting to see real people's perspectives.
I'm GEN Z, when I was growing up it was ruff I felt like l lost years due the economics of the time I was starting out in, and now just as I'm about to brake even and looking forward to getting ahead in life, along comes the cost of living crisis....!😳
We are all in it together folks!
I cancelled my tv subs. Went back to my spending sheet and looked at the maths. Made very little difference. Re-subbed. Watching a show made me forget the miseries happening and stop me overthinking about energy crisis and possibility we might get drawn actively into a war against Russia and China. Those are my personal issues. Not the same for others. Cancelling the subs did not improve my situation. Only proved I cannot afford a used car and it’s upkeep. I, like many others, have to rely on rail which could cease operating due to strikes or other issues and affect my ability to go to work or start work on time. Losing my “low pay non-London job” will cancel mortgage loan repayments and good shopping and everything without me clicking the cancel buttons. It will leave us homeless and beyond poor. Now the energy crisis is getting out of hand. Let’s Find solutions. Not short sighted hacks which make no difference.
Yup ppl have subs to cushion the harsh reality of min wage jobs .you should think ppl could afford a 1 bed flat where they worked !!! To be out priced in your own local area is stupid as you may not be able to afford to travel to work !!!! Between a rock n a hard place- its quite ridiculous trying to make ends meet when the system is rigged and whatever you do - it won't work unless you have a well paid job and got the right degree or skills
I stopped smoking and i could pay my rent. Thanks for the great advice!
How come conservative politicians get Amazon prime included in their wages? Must be essential that we pay for their Amazon prime but can't pay for my own
Amazon prime business. It is almost essential for each MPs team and actually saves the tax payer money instead of buying items with standard delivery
60% deposit on a flat in Canary wharf is probably 200k+
You didn't listen. Her mother covered 60 percent of the total deposit, likely a standard deposit.
@@gav7900 ah I misheard. But we've no idea how big a deposit she's putting down and they're throwing around salaries of 100k so it's hard to make sense of it really
Interesting insights! Like any major metropolitan centre in the world, London is expensive. If you spend £2k+ a month on rent that's your choice and nobody forced you to rent in zone 1-3. Save money by sharing and not living that central and you might not need your parents to pay for your deposit even though you're clearly on a good wage already. The London suburbs are much more affordable and you don't even need to work in finance to afford to buy there.
Erm London suburbs are definitely no longer affordable. Who are you trying to kid? Very few will be able to save anything these days with the rents and house prices so insane 😅
Give up guys, just give up on everything. This is exactly what they want to the point where we give up everything and own nothing of our own.
Netflix is £15pm. My electricity has gone from £90 to £400pm. Cancelling Netflix will not make me better off just more depressed.
I am genuinely appalled that people are reinforcing stereotypes and archaic beliefs about low income families drinking and smoking - no one on less than 80k can do that and that is the top 5%...what about the 95% who get screwed most often?
The reason why people say cancel Netflix isn’t about the money it’s about what you do with the time, others might read, Educate themselves further etc Obviously everyone isn’t like that
@@sadiqalam2815 yeah...or because they don't really have a clue and genuinely think that extra 9 quid a month will cover the 100 quid a month energy bill increase.
@@mrbtapir its £9 more than you had and TV is free...
@@JohnnyTurnerMusic It's not though. License fee annually is comparable to yearly netflix subscription
These people come across as more intelligent than the mp s. Nice video
Ch4’s costume department is great , I couldn’t tell it was Chris Morris each time !
I'm on miminum wage, I walk to work, I live in a houseshare which bills are included. I'm lucky so far my landlord hasn't raised the prices and I am lucky I have free travel to work. But even with this I am not saving much and not spending much on "luxury things" even with my dad still paying for netflix.. I do feel for anyone with children because I know I wouldn't afford to have one nevermind move out of a houseshare 😅