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Joined 1 year ago
Cake day: August 31st, 2023
  • taranasus@lemmy.worldtoNews@lemmy.world•‘I am so scared of them now’: Burned from overspending, some ‘buy now, pay later’ users warn others away
    81·
    8 months ago

    People have completely lost track of what wealth looks like and it’s not their fault. Using UK numbers cause that’s where I live:

    • salary for a 21yo in 1970 for a white collar job: £1861 - £24k adjusted for inflation. Pretty on par with today’s salary for a starting white collar job.
    • price of the average house in the UK in 1970: £4378. About 3 times the above annual salary. Adjusted for inflation that’s £57,491. The average price of a house in the UK right now is £260,000 after dropping from 300 due to current market. 10 Times the annual salary.

    You go to work at least 8 hours a day 5 days a week, in a culture that’s indoctrinating you that you should be thankful you even have these horrible work conditions and pay, you spend half of more of your income on a landlords mortgage payments + extra, and for what? So you can’t even afford to buy a damn games console outright and drown your sorrows in a virtual world?

    Yeah no shit their overspending, they just want to live a little of their life when they can but they can’t even afford to do that.

    And to everyone that’s about to write “well if they would budget better” kindly fuck into the sun. First of all not everyone should be an accountant in order to live comfortably. A lot of people simply don’t have the skills necessity to do it. But more important, a full time job should be enough to provide for yourself, your family (1 spouse 1 child) and a mortgage on a house or apartment suitable for this family of 3. Not because I feel like people are entitled to this, fast from it, but because this was the norm 55 years ago. This was the normal for my grandparents. Society is supposedly evolving. The first world countries where this was the norm have, supposedly, grown their economies by A LOT. How can it be possible that the majority is worse off than 55 years ago in a more modern society and in now a lot more advanced economies.

    But the answer is very simple really isn’t it. You can’t afford a house or a car made in the last decade while the rich are having literally privatised space races. Space races were exclusively the hobbies of nuclear superpowers, funded by taxpayers. How exactly did private individuals summon up the funds to advice this?

    Well, you fill in the dots…