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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask when is the cost of living going to go down?

239 replies

scotpancakes · 03/11/2024 14:53

When will working hard start to pay off? I scrape by every month. I can't afford to save, so I can't afford a house! I live in the South East and rent prices are crazy. Will this country ever become more affordable? For the past 16 years it's been doom and gloom and it just goes on and on!

OP posts:
CharityD0nationwithGiftaid · 03/11/2024 15:53

Ref change jobs

Example
Jobs which involve unsocial hours like
shift work or nights generally pay more, but are not child or family friendly. However, you could find someone to share the childcare if you covered their childcare in return.

I have also found that jobs which are historically classed as male jobs attract a higher salary than female jobs.
I used to work in one of these jobs in the past.
The females often performed better than the men.

The easiest thing is to moan & do nothing.

Take action !

scotpancakes · 03/11/2024 15:53

@Waitingforthecold ohhh this is interesting! I might have a look. To be honest I'm despondent in current work so looking for anything different

OP posts:
scotpancakes · 03/11/2024 15:52

@CoCoNoDough I do not understand the energy price cap! Surely the government can regulate this?

OP posts:
Waitingforthecold · 03/11/2024 15:52

scotpancakes · 03/11/2024 15:48

@Waitingforthecold annoyingly my family moved abroad for a better quality of life 😂😂

Oh this sucks! It can be so disheartening ☹️ not a single person I know has managed to buy a house in SE without inheritance/help from parents so don’t feel down on yourself.

If you do retrain, and it’s of interest to you, allied health professional courses have better funding (you can already have a degree) and your childcare is funded 80%, if you have those costs!

scotpancakes · 03/11/2024 15:51

@ThinWomansBrain no sadly not eligible. I earn just enough to afford private rent! I'm the squeezed middle. I'm very lucky to be the squeezed middle but it would be nice to have some spare pennies

Thank you to everyone who has commented on this thread! I've actually learnt a lot about how the economics of the country works! I just had hoped the struggle might not be so hard in the future. A joint income would be great but can't imagine meeting anyone let alone living with anyone!

OP posts:
GettingThemFromHereToThere · 03/11/2024 15:51

scotpancakes · 03/11/2024 15:05

@NuffSaidSam I'm a
Single parent. I can't move away from where I live as my child is settled and near her father! Other than get a £70k + job or down sizing to a one bedroom flat, there isn't much I can do! (I won't downsize as I want to at least enjoy my home). I don't turn the heating on unless I really need to.

Being a single parent in the SE will always be incredibly hard. If I were to be single in the future, I would just hold on tight until you meet someone you can share the mortgage/rent/bills with, whether that's a romantic partner or a friend.

catsrlife · 03/11/2024 15:50

LadyGabriella · 03/11/2024 15:43

😳 have they actually done this?

I noticed that yesterday when I thought about buying one! It definitely used to be three!

Sadly I agree with others, things won't improve until they sort out the housing problem in this country.

BabyCloud · 03/11/2024 15:50

Nobody should have to retrain or move 100s of miles away from family/friends/school/work etc.

It’s a stupid statement to make.

Barney16 · 03/11/2024 15:50

It's miserable isn't it. I was definitely better off twenty years ago in the sense that I had more disposable income which of course I frittered away on having a lovely time. Have you thought of a side hustle? I paid for my Christmas presents by doing Vinted. There's a thread somewhere on here about earning £10 a day. Tutoring? Bit of FE teaching?

CoCoNoDough · 03/11/2024 15:49

I thought energy prices went up because of not using Russia to supply our gas anymore. Surely they won't be in war with Ukraine forever. I don't know why no one talks about this anymore.

ThinWomansBrain · 03/11/2024 15:48

most governments will act to avoid deflation, so prices won't go down overall, the best you can hope for is for your living costs to fall as a percentage of your income.

if you're renting privately, it will take a while, but any possibility of social housing?

scotpancakes · 03/11/2024 15:48

@Waitingforthecold annoyingly my family moved abroad for a better quality of life 😂😂

OP posts:
scotpancakes · 03/11/2024 15:47

@Crushed23 good for you! Where are you going? Can you squeeze me in your suitcase?

OP posts:
Waitingforthecold · 03/11/2024 15:47

Are you currently renting? I know it’s not an option for everyone but I had my DD and realised I was pretty stuck if I wanted to buy a house when I had childcare and rent costs (we are also south east). So me and my partner lived with parents whilst I retrained and we saved - took 3 years but it was a means to and end and we got our own place and I have a professional, stable career (no way we could’ve done this if we weren’t living with parents, I HATED every second but so glad I stuck with it and bit my tongue haha)

HazelSquid · 03/11/2024 15:47

Prices will always only go up.
The only way to get on top is by getting a better job/ pay rise above inflation.
For the majority of people this isn’t possible. My DH’s wage has stagnated he has had below inflation pay rises. We were lucky enough that the COL crisis coincided with our children being old enough for me to go back to full time hours.
That means for the moment we feel like we are winning- give it a couple of years and it won’t feel like that anymore but you do the best you can and look out for opportunities.

AquaPeer · 03/11/2024 15:46

Nogaxeh · 03/11/2024 15:39

Part of the issue here has been two massive changes that waste much bigger than Britain alone and its politics. Firstly there's been a massive amount of catch up from poor people in China, other parts of Asia and elsewhere, such that the number of people living in the worst poverty across the world has reduced dramatically over the last few decades, but one of the costs has been that living standards for the majority of people in richer countries have stagnated.

The other factor has been that the large baby boomer generation has now retired, and so there are now fewer working age people who have to support more retired people.

Both of those things make it tough for workers in the richer countries.

This is an excellent point. equality has increased worldwide and whilst traditionally poorer nations have become wealthier, the “west” has lost power and wealth.

the world has changed a lot (of course, this has caused or impacted many of the issues posters have already identified)

this has been exasperated by the uk and other western countries responding slowly and inappropriately to this (ie the amounts of insular anti immigration rhetoric and naval glazing)

scotpancakes · 03/11/2024 15:46

@oakleaffy thank you for sympathy! And yes, you never know what might change. I'm listening to LBC and how much we pay the Royal Family it is insane!!!!!

OP posts:
LadyGabriella · 03/11/2024 15:43

Westofeasttoday · 03/11/2024 15:37

The one that gets me (on a lighter side) is the reduction to two Reece’s peanut butter cups from three (I know it’s also because of sugar content) but that just feels mean.

😳 have they actually done this?

AquaPeer · 03/11/2024 15:43

NuffSaidSam · 03/11/2024 15:41

I think the misunderstanding is that people are not suggesting retraining to achieve a very high wage, just a higher wage than the OP is currently getting or a job with other perks (e.g. something that reduces childcare costs or commuting costs or living costs).

If you already earn at the very top end, this is maybe why you don't see people striving to climb the ladder...because they're already at the top? There are many areas of work where doing some additional training will make you eligible for either a promotion or a sideways move into a similar but better paid job.

But like what? People keep suggesting it with no specifics

NuffSaidSam · 03/11/2024 15:41

AquaPeer · 03/11/2024 15:36

I’m a consultant so work across industries. The idea that somehow you complete some training that leads to highly paid job is alien to me, yes. The only roles I can think of with outcomes like that- surveyor accountant solicitor data scientist- have very high qualification costs that someone who doesn’t have any money would be unlikely to be able to access.

qualified roles where it’s easier to access the training ie teacher social worker are poorly paid- although obviously better than minimum wage they’re unlikely to improve the long term prospects of a media worker/ freelancer.

I think the misunderstanding is that people are not suggesting retraining to achieve a very high wage, just a higher wage than the OP is currently getting or a job with other perks (e.g. something that reduces childcare costs or commuting costs or living costs).

If you already earn at the very top end, this is maybe why you don't see people striving to climb the ladder...because they're already at the top? There are many areas of work where doing some additional training will make you eligible for either a promotion or a sideways move into a similar but better paid job.

Spectre8 · 03/11/2024 15:41

They won't
The budget showed pur growth will go up for another year or 2 then it's going back down to around 1.5%. Wages will stagnate due to the employers NI increases and where companies pass on the costs to consumers ...well prices might go up.

pleasehelpwi3 · 03/11/2024 15:41

edwinbear · 03/11/2024 15:06

Businesses have to absorb the new NMW and higher NI costs. Prices are only going to go up.

And these higher wages will help the poorest in society.

Mlanket · 03/11/2024 15:40

Yup, it's stagnant wages.

yep, they are shit but so many didn’t notice during the low interest rate yrs.

Nogaxeh · 03/11/2024 15:39

Part of the issue here has been two massive changes that waste much bigger than Britain alone and its politics. Firstly there's been a massive amount of catch up from poor people in China, other parts of Asia and elsewhere, such that the number of people living in the worst poverty across the world has reduced dramatically over the last few decades, but one of the costs has been that living standards for the majority of people in richer countries have stagnated.

The other factor has been that the large baby boomer generation has now retired, and so there are now fewer working age people who have to support more retired people.

Both of those things make it tough for workers in the richer countries.

CharityD0nationwithGiftaid · 03/11/2024 15:39

It is also much easier to save up, work more than one job, move location, retrain before having children.

However, it doesn't mean that you cannot make some changes & save in the future.