To be shocked when adults have absolutely no savings at all?

I hope those who are bad with money, get help to manage better

(know everyone’s situation is different), but even putting that aside, I would still feel uncomfortable having nothing at all': I wouldn't say you are being too harsh, I would say you are lucky to not live in a world where 10k is out of reach, even if you'd saved your entire adult life..less judgement and more understanding of what it's like for most people would be my advice.

What’s shocking about something that is perfectly normal for a huge section of society. 🤷‍♀️

I have no savings or assets in my name. DH has savings and assets but I have no idea how much those are.
DH was able to save because he was able to work full-time in a job that involved travel abroad, whilst I worked part-time in a job that meant I was around to look after the children and paid for all the childcare that was required whilst at work, this meant no money left out of my wage in the Summer holidays.
As well as paying for all clothes and uniform, and clubs and the vast majority of presents and well there wasn't a lot left over for me to personally save.
So doing all the adulty stuff , DH hasn't worked for 5 years and I still do 99% of everything plus working full-time, came at the price of not being seen to be adulty enough for you !

If you really live in a community where NOBODY has struggled today I can’t help you.

open your eyes, have a walk around, it’s horrific. take a look at your local state school, go to the local community food banks. The baby groups. The charity events.

people are not doing this for fun. It is their life.

This is almost the last post I read before I flounce! Hilarious!

At the start of ‘up’ it shows the two main characters saving to get to the Grand Canyon and every time their jar gets full something results in them having to use it up. This is us. We’ve used any savings up numerous times, car issues, plumbing issues, heating breaking down, having to buy a new appliance. Personally I don’t get how anyone other than very wealthy have savings!!!

Exactly.

If only it was that simple.

The UK's financial conduct regulator the FCA produces a regular report which looks at the overall financial health of the UK. It's called the Financial Lives Survey. Amongst the points it makes is that 10% of people in the UK have no savings at all and a further 21% have less than £1k saved. Roughly then a third of the UK's population would have to go into debt to pay for a large unforeseen bill (such as a boiler being unrepairable).

I’m shocked when people have inflexible and rigid thought processes. I think poor them. I feel so sorry for them for being so limited. Let me start a thread.

I wish I had been able to help you then

@pteromum where did I say I didn’t help others or want to help others?

I don’t know anyone in need of the support you describe, if I did I would help.

You sound very out of touch and spoilt.

If it was a matter of mindset we’d all be rolling in it.

I barely get by, month by month.
I have a joint mortgage and my Ex pays nothing towards the mortgage for 9 years.
Our daughters are 22 and 20 and I kept everything paid and a roof over their heads with the help of UC and my part time job, I work part time as my youngest has autism and LD.
Now she’s an adult I lost £1230 a month in UC, so guess what, it’s a struggle and I don’t having savings.
My daughter claims in her own name, but she gets just £740 so nowhere near what I lost.
You do the Maths…..

@Trewww

what has your social circle done today to help, your immediate community? Before we start elsewhere.

I am mum of four. Rural.

I have been to church. Not because I wanted to but to support it. Then delivered lunches to those who couldn’t make it.

ive then transferred money to two single mums, in the bones of their arse. Who can’t put electric on the metre.

ive also taken them a basic pasta dish, nappies and some daffodils.

where the fuck is your empathy. Do you go round with your eyes shut?

why is it that those with the least help those with even less?

I’m on the other side of this. I don’t have “savings” because I’m financially well off. If I want or need to spend money on something, I just find the money. It may take a few days to get hold of it if I don’t have enough in my current account, but I don’t really have a “savings” account, just a range of assets all over the place.

I’m clearly extremely privileged, but even I understand why most people save up for bigger purchases or keep a buffer for emergencies, and equally I understand why some people have no savings at all because they spend everything they earn.

What I don’t understand is people who act like their fortunate circumstances are a result of “making better choices” or “working harder” or “being financially literate” rather than simple good luck. People severely underestimate how much of their life, including their financial position, is a result of random chance.

It won't change itself because it can't change. There's nothing I can do about it to change it.

My mindset has nothing to do with it.

If that is your mindset that is what will happen. It certainly won't change itself.

Of course not!
Tho I suspect some would say, if you smoke you get given too much, or some other idea, like an old tattoo

It isn't bleak, it's realistic.

I will never be able to have savings and there's nothing I can do to change that. That's just the way it is.

@ThisJollyReader I am so surprised at the replies to your post. I can’t understand how some people don’t have savings either! I think it must be the social circle you’re in. I don’t know anyone on a personal level who doesn’t have a lot of spare cash and doesn’t spend freely

Some people’s essential bills such as rent/motgage, gas/electric, water, council tax, and food costs are actually higher than their income especially if on zero hour contracts or ad-hoc work situations etc etc. Some people don’t eat food do their children can eat. Isn’t that or shouldn’t that be more shocking to you?

Ignore all the outrage twats. It was perfectly obvious you were talking about people who chose not to save rather than those who can't save.

I've always been a saver and there have been times in my life I was relieved that I have saved when the shit truly hit the fan. So no , I don't understand people who choose not to save when they can. Its a mad way to live your life.

I'm glad I don't have that bleak view on the world. I don't believe in fate - I think we influence what happens to us.

It might be tiny steps that build up over time but things we can improve things over time.