Comment by tialaramex

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.