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Living 'costs at least £14,400' for a single person
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=9315		 Page 1 of 1
Author:  Amnesia10 [ Tue Jul 06, 2010 4:12 am ]
Post subject:  Living 'costs at least £14,400' for a single person
http://news.bbc.co.uk/1/hi/business/10510360.stm

Quote:
A single person in the UK needs a gross income of at least £14,400 in 2010 to live to an acceptable standard, a charity says.

And a couple with two children need £29,200 for a minimum acceptable standard of living, the Joseph Rowntree Foundation (JRF) said.

The figure indicates a growing gap between the national minimum wage and the minimum income standard.
Author:  JJW009 [ Tue Jul 06, 2010 8:15 am ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
I'd like to know what they consider "acceptable" because 14K pa is a fair bit more than I'm spending :?
Author:  belchingmatt [ Tue Jul 06, 2010 8:20 am ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
It would be interesting to see how they break it down.
Author:  forquare1 [ Tue Jul 06, 2010 9:16 am ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
I would say around £7,000 would do.

Then again, when I was working and earning £15,000 per annum everything was much more comfortable, I was able to put some money away to save and do pretty much anything I wanted...
Author:  jonlumb [ Tue Jul 06, 2010 9:20 am ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
It's roughly what I'm on. It's certainly sufficient, although a little tight when saving for wedding expenditures!
Author:  jonbwfc [ Tue Jul 06, 2010 10:29 am ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
Bear in mind it does actually cost you money to work - transport costs, uniform wear & tear etc. What you could survive on if you didn't have a job is less than what it takes to survive when you do.
Author:  forquare1 [ Tue Jul 06, 2010 12:10 pm ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
jonbwfc wrote:
Bear in mind it does actually cost you money to work - transport costs, uniform wear & tear etc. What you could survive on if you didn't have a job is less than what it takes to survive when you do.


Ordinarily yes, however I know one person who works in a hotel here in Aber, he gets a room, three meals a day, a uniform provided, and still gets a decent wage. He's only an entry level employee too!
Author:  Amnesia10 [ Tue Jul 06, 2010 3:17 pm ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
jonbwfc wrote:
Bear in mind it does actually cost you money to work - transport costs, uniform wear & tear etc. What you could survive on if you didn't have a job is less than what it takes to survive when you do.

Yes but bear in mind that if you don't work you will need heating on in the winter. And energy has shot up in price. I would assume that the figure includes housing and is after tax.
Author:  belchingmatt [ Tue Jul 06, 2010 3:39 pm ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
It did say gross income, so presumably before tax.
Author:  ProfessorF [ Tue Jul 06, 2010 4:00 pm ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
I was living in Maidenhead, commuting to Gt. Portland Street and earning less than that.
I struggled hugely to make ends meet, and relied a lot on the good will of my housemates.
TBH, I'd have thought it would've been nearer £15k.
Author:  Amnesia10 [ Tue Jul 06, 2010 4:03 pm ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
belchingmatt wrote:
It did say gross income, so presumably before tax.

:oops:

I should have double checked. Though I suppose at that level it will mean that they qualify for benefits such as working tax credit.
Author:  JJW009 [ Tue Jul 06, 2010 5:58 pm ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
jonlumb wrote:
It's roughly what I'm on. It's certainly sufficient, although a little tight when saving for wedding expenditures!

ProfessorF wrote:
I was living in Maidenhead, commuting to Gt. Portland Street and earning less than that.
I struggled hugely to make ends meet, and relied a lot on the good will of my housemates.
TBH, I'd have thought it would've been nearer £15k.


Were you paying rent from that? It's not at all clear to me if the £14K was supposed to include that, since it says "budget excluding rent and childcare".

I think I live quite comfortably. Without including the mortgage, my annual outgoings are roughly:

Council tax: £1200
Travel: £1000
Energy: £600
Water: £400
Internet: £200
Phone: £100
Food: £1200
Clothing: £50
Holidays: £250
Toys: £250
Drugs: £1000
Prostitutes: £1000

Total: £7250

That's for a 3 bedroom house with one person. Many of those costs would stay the same if I was married with 3 children.

If I was on £14K and that didn't include rent, I'd probably have to cut back on the drugs and whores.
Author:  ProfessorF [ Tue Jul 06, 2010 7:39 pm ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
JJW009 wrote:
Were you paying rent from that?


Yup, I was.
Author:  eddie543 [ Wed Jul 07, 2010 1:18 am ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
JJW009 wrote:
Toys: £250
Drugs: £1000
Prostitutes: £1000

Well that explains the location then
Author:  Amnesia10 [ Wed Jul 07, 2010 2:16 am ]
Post subject:  Re: Living 'costs at least £14,400' for a single person
JJW009 wrote:
That's for a 3 bedroom house with one person. Many of those costs would stay the same if I was married with 3 children.

If I was on £14K and that didn't include rent, I'd probably have to cut back on the drugs and whores.

No you could put the wife on the game and get the kids jobs down the mines. ;)
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