Here's the thing though. Those people are accustomed to a certain lifestyle and don't want to downgrade. I'm a 40K household with one child, admittedly in a very cheap part of the country, but I think the fact that I have always been on the poorer side means I'm not worried about being in debt, not having much money, not being able to have a holiday etc. etc. etc. I've without eating for three days, I lived with any gas or lecci for three days. I "can" go without.
People on 90K can't even imagine what it's like to go without for many things, and I think there's something of a bell curve of the very poor and very wealthy who will ride this out better than those in the middle.
—————
@gotelltheoldmandowntheroad
I know I’m a few pages behind, but this really struck me. You make a lot of assumptions here with very little basis. What makes you think people with £90k a year household ‘can’t even imagine going without things?’ There’s lots people with good incomes currently who haven’t always been that ways.
Our household income is about £90k. But it’s got there fairly rapidly in a short amount of time, it’s not been that high for long, so we don’t have much the related build up of capital many others might (like owning a house, or investments) I grew up in a house with not a lot of money - strict food budgets, no holidays, phone lines getting cut off, even one whole winter with no hot water because no one could afford to fix the boiler. I spent my early twenties (not a huge amount of time ago) on disability benefits living in a council flat, with the fun of WCAs and getting my money stopped at a moments notice multiple times.
We are very privileged right now and cushioned in a way I could never have imagined. Yes I’m saving! I have cover for all our appliances, all the insurances, I never want the risk of something breaking and not being able to fix it. I have been able to put up our food budget and fuel budgets to deal with the rises in a way I’m so grateful for and couldn’t have imagined a few years ago, but I still track them I don’t just spend willy nilly - I track every penny.
I’m really scared for most of the country who are in far less comfortable positions than we are, times are getting really scary and it’s just so many things at once this time and the repercussions are just going to keep coming like a house of cards. There will be civil unrest if something isn’t done