Re: Questions re.standard of living
- From: Bert <Albert@xxxxxxxxxxxxxxxxxxxx>
- Date: Thu, 12 Apr 2007 21:45:50 +0100
PRNole [prosete@xxxxxxxxx] said:
I initially posted this question in a London forum before finding out
about this one, so I am reposting the same question here with
apologies to anyone who has seen or answered it elsewhere.
I've travelled to the UK quite a bit and have become curious about the
local economy, especially now that the currency exchange with the
dollar is highly favorable to you and excruciatingly tough on many
American tourists. My question has to do with the purchasing power of
the pound in the UK vs. the US$ in America. I have noticed that,
provided one disregards currency differences, a British pound in the
UK buys basically the same product or good as the US$ does in the USA.
That is, something that costs 50.00UK in the UK pretty much costs
50.00US in the States. Of course, the American tourist today ends up
paying double for that West End Show or dinner in Britain than were s/
he to purchase a Brodway show ticket or dinner in NYC. The British
tourist, though, makes out like a champ in the US under current
currency rates.
Now, what salary levels are necessary for someone to lead a reasonably
"comfortable" existence in the UK? By "reasonably comfortable" I mean
a single wage earner, no second job needed, purchase whatever one
wants or chooses, live in a moderately sized flat or home, vacations
during the year (domestic or international), does not feel in anyway
constrained or burdened by debts, etc.
The answer to that question very much depends on where you live as a
£100,000 home in some areas of the north will cost you £200,000 or more
in some areas of the south.
Also "purchase what ever one wants" is a biggie. Are we talking just
good quality food and drink or new cars every year, posh clothes and
expensive just-out gadgets?
I live comfortably, with cash over for saving, where as a friend of mine
has double my income, never has a penny to spend and borrows heavily on
his credit cards. He has a slightly bigger house than me but a smaller
mortgage as he bought 15 years back when prices were cheaper, and I only
moved two years ago. He does however have a very very very nice car. :-)
Perhaps salary comparisons could be made between a white collar worker
with and without university training, or professional training,
vs.someone with the equivalent of a 12th grade education (no college)
and some form of occupation, as opposed to a profession.
What you earn depends as much as your industry, and whether you work in
the public or private sector, as it does on your education - at least
that is so as you get older in my view.
I know this may be complicated to answer and might result in more.
questions that I could possibly anticipate, but if anyone has a clue
as to what I'm looking for,I'd appreciate an answer...
Thanks!
Pete in Sunny Florida
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