Comment by Dylan16807
2 days ago
> it's nothing more than that, if even
How do you characterize the poverty line, since it's much much lower?
The entire point of the term "living wage" is that it's fine. Yes including the ability to save up for unexpected costs.
Indeed. The independently calculated Living Wage in my country (as opposed to the government's "Living Wage" which is just a minimum wage law with better branding) is actually very slightly higher than my average annual expenditure when I last checked.
Most people wouldn't want to live like me (I don't drink, I don't holiday abroad, I don't have kids, or expensive hobbies), but I prefer this. Also, some of the discrepancy is explained by the annoying "Being poor is expensive" where I can make choices that are cheaper over the long term but would be ruinously expensive for a poor person.