More households suffer hardship, says Legal & General’s MoneyMood survey | This is Mo

[Legal Beagles]

More than a quarter of a million households have fallen into financial difficulty over the last year, according to a report.One in eight households – or 12 per cent – do not earn enough to cover their bills, up from one in nine last year.This equates to 264,000 more households struggling to make ends meet, […]

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[MissFM]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

This is due to the covert policy of financial repression that successive governments have pursued in order to bail out the banks and cover their own excesses.

http://www.investopedia.com/terms/f/...repression.asp

The middle classes are scheduled to be eradicated and replaced by a sprawling, struggling proletariat ruled by an ever decreasing elite...with the "wealth" ever filtering upwards.

Discuss..(just popping into a suit of armour) :tinysmile_hmm_t2:

[Fred]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

Hence the regulators arms tied behind their backs FM

http://4.bp.blogspot.com/-vRkbGO73Bl.../JoanOfArc.jpg

[MissFM]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

Indeed Fred.. all the freedoms, the civil liberties, for which we fought in our youth (and for which many died) are being gradually, covertly and cynically eroded - and for what? Greed, greed greed and a Machiavellian yen for power over others. IMVHO, of course.

[enaid]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

All our suffering is supposed to be to get the deficit down from past governments over borrowing. One would think that they view borrowing as not a good thing.
No matter that the ones who have had to give their money to bent and inept banks to keep them afloat, have indeed themselves got to borrow to put food on their tables and keep themselves warm.
Double standards springs to mind but then so does no standards at all.

[Fred]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

Indeed Fred.. all the freedoms, the civil liberties, for which we fought in our youth (and for which many died) are being gradually, covertly and cynically eroded - and for what? Greed, greed greed and a Machiavellian yen for power over others. IMVHO, of course.

Not a bad opinion at all, it needs serious attention if only to bring values other than monetary back into our aspirations.

[Johnboy007]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

Prices going up by leaps and bounds.
Wages capped at less than the inflation rate.
Cuts, cuts, cuts
Bedroom tax introduced.
This is just a few reasons why we are all worse off

[MissFM]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

Prices going up by leaps and bounds.
Wages capped at less than the inflation rate.
Cuts, cuts, cuts
Bedroom tax introduced.
This is just a few reasons why we are all worse off

= financial repression. A conscious policy. Please google it if you have doubts.

[leclerc]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

I saying nowt cos it saves me getting beaten by the mob :o

[Wombats]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

I live entirely off a meagre early retirement pension due to ill health. I pay a fair chunk of tax still each month on it, and find it surprising that most I know who are on benefits have significantly more disposable income than me.

Even more surprising was working with a person with significant learning difficulties yesterday. From the amount he is paid in benefits fortnightly, he should be able to SAVE between £80 - 100 every fortnight. I wonder how many working people could do that and still lead a very comfortable life.

I am all for the welfare state, and I do know of people who struggle desperately to live off the benefits they receive, but ........

@Miss FM and anyone else who cares to share their opinion.....

Are you a 'Common Purpose' supporter / believer?

[Johnboy007]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

I live entirely off a meagre early retirement pension due to ill health. I pay a fair chunk of tax still each month on it, and find it surprising that most I know who are on benefits have significantly more disposable income than me.

Even more surprising was working with a person with significant learning difficulties yesterday. From the amount he is paid in benefits fortnightly, he should be able to SAVE between £80 - 100 every fortnight. I wonder how many working people could do that and still lead a very comfortable life.

I am all for the welfare state, and I do know of people who struggle desperately to live off the benefits they receive, but ........

@Miss FM and anyone else who cares to share their opinion.....

Are you a 'Common Purpose' supporter / believer?

Wombats, the person who has severe learning difficulties, probably gets attendance allowance because of this disability.
He would have been assessed and would probably need care at home.
How much care depends on the disability.
The money is paid so that it can be used to improve the quality of life of the disabled person.
So my friend, it does not necessarily mean, he could save the amount of money you are suggesting, without knowing all the facts of the case.

[MissFM]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

I live entirely off a meagre early retirement pension due to ill health. I pay a fair chunk of tax still each month on it, and find it surprising that most I know who are on benefits have significantly more disposable income than me.

Even more surprising was working with a person with significant learning difficulties yesterday. From the amount he is paid in benefits fortnightly, he should be able to SAVE between £80 - 100 every fortnight. I wonder how many working people could do that and still lead a very comfortable life.

I am all for the welfare state, and I do know of people who struggle desperately to live off the benefits they receive, but ........

@Miss FM and anyone else who cares to share their opinion.....

Are you a 'Common Purpose' supporter / believer?

@Wombats - I'm not even sure what "Common Purpose" is, despite having followed some of the scary links provided by members on here in the past.

I was observing that successive governments in the UK have pursued policies that effectively redistribute wealth "upwards" whilst making more and more people dependent on dwindling State resources for their livelihood.

There now exists such a massive national debt that there would appear to be only three choices open to government - ie to default on the debt, to openly raise taxes, or to sneakily indulge in financial repression.

www.equalitytrust.org.uk/resources/multimedia/infographic-income-inequality-uk

It's not a credo, but an observation.:tinfoil3::tinfoil3::tinfoil3:

[PAWS]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

Before they try to solve the problem perhaps they should be a bit more realistic about the size of it! :der:
I think they are vastly underestimating the number of households facing financial crisis. 913,000adults received parcels of food from food banks last year. Now if only 250,000 are feeling the pinch, why are another 663k begging for food? If a home is repossessed every 11 minutes, more than 8000 people contact the CAB about debt every day and just look at the number of people asking for help on this and other sites, that adds up to a lot more than ¼ of a million!
250k may be struggling to make ends meet but a couple of million have completely given up trying!
This is a bit like the reversal of surveys to ascertain teenage sex statistics. If they ask a group of 16 year old boys if they are sexually active they are going to say ‘damn right I am’.:lie: If you ask a group of adults if they are in debt the answers may be just as inaccurate!

[Crazy council]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

Before they try to solve the problem perhaps they should be a bit more realistic about the size of it

I have often wandered how they get the figures and why its never detailed what poor is. The figures i am interested is what is the working poor level. IE, what, realistically, is the minimum amount you require to just function if working without bebefits ;

1. a single person
2. A typical family set up.

has to earn before they are not poor.

Rent / morgaee ( £ 120 pw )
CT ( 30pw )
GAS/water/leccy ( 25pw )
Food ( being very tight, 30 pw )
House insurance ( 8pw )
cloths ( ? )
Cookies ( 2pw ) trustee me, cookies are an essential

the above i would class as a bare minimum, then minimum to get by and function and are not really a choice

Phone contract ( 8 pw )
Transport costs ( 20pw ) ( basic transport costs )
Spare household budget for everything else ( 20 pw )


( you can approximate that to say 300pw to giva area variation, and add maybe £60 per child per week )
Then the extras

Loans, hp , tv subs, alcohol ( maybe that should be in the required ), entertainment, birthdays, car costs

Say 50 pw is reasonable minimum for the above.

The reason is, if a person is on benefots, they get a lot of protection against hassle for not paying or late payments. But if your not, there is very little propection for you. I have oftern considered how many people apply for benefits instead of working for lower pay, simply to protect themselves from the system

[PAWS]

Re: More households suffer hardship, says Legal & General’s MoneyMood survey | This i

Cookies (2pw ) trustee me, cookies are an essential

Absolutely! No treats, even if they are small leads to avery depressing existence.
£30 per week for food shopping is impossible even if you stick to the very basics for 2 people and that includes going to the marked down meat in the early morning and marked down bakery in the late evening. If you add £60 a week for kids it is still going to be very, very tight. Assuming you can survive on a take home of £15600. Now the average salary in the UK is around 26k. If you take NI and PAYE that leaves you with around 5k (+ the above £15600) for all other expenses. That’s approx. £95 quid a week extra if you have no kids and only spend £30 per week on food. So the average wage earner is living on the edge. No wonder the country is boll****ed. We are all just a burst boiler or a car repair away from crisis.:fear: