"Most People Are Struggling To Make Ends Meet!" Jeremy Kyle On Lack Of UK Savings
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- čas přidán 11. 02. 2024
- A Resolution Foundation report has found that at least 30% of UK households have savings of less than £1,000.
The report said as many as 1-in-3 (30 per cent) of working-age adults live in families with savings below £1,000, leaving them financially vulnerable and ill-equipped to respond to small cashflow shocks.
It also found larger precautionary savings balances would help people cope with bigger shocks, but the country's savings shortfall is significant.
The findings revealed if every working-age family in Britain had at least three months' income in precautionary savings, aggregate savings would be £74 billion higher.
TalkTV's Jeremy Kyle and Rosie Wright are joined by spokesperson for fuel poverty action Jonathan Bean, and Bill McGranagh, founder of Dad's House Food Bank to discuss the cost of living crisis for many families across the country.
#report #costofliving #savings #Britain
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Drop the electric and gas bills, why is it so hard for the goverment to step in, all of these private companies are getting loads in bonuses, this must mean that they are charging the customers way to much.
Goverment WANT people to struggle
It’s the gov intervention that created the high prices, in pretty much any industry you look at.
Oh and pay people more, and eat the rich
Sort housing out and so many other issues will be solved... the Government just dont get it.
Eat or heat.
Food wins. I’m so looking forward to warmer weather.
In prison you get both.
As you probably use a food bank what does that money you saved get spent on ?
@@HubbaHubba64 Why would you say I use a food bank? No I dont.
@@sproutsrevil6508 Why would anyone put food before heat when free food is available from food banks
@HubbaHubba64 it's inedible canned crap
Over fourty years of wages behind rising costs. Leaves so many with no savings left. The stress destroys lives.
My father used to bring home the money for the household, now it takes three peoples wages to keep a roof over our heads!! Thank you son for all you do for us x
What?
BS. Most using food banks because they are too tight to use their savings. We had 20 quid left out of my wages in the 90s every week while the kids were young. A take-away or a night out was impossible. We never ran out of electric or gas though, that's a priority. These spongers are eating from food deliveries, smoking 40 a day, kids all wearing Nike's etc, what a joke. Get out and WORK. They have money for bingo, scratchcards, gambling apps but cant pay their electric or feed themselves? Bollox. Quit the takeaways, get potatoes, mince, pasta, pork, chicken, rice etc and bloody COOK.
How are you doing today ?
how are you ment to cook with no money or food? Have you ever had a food bank? Tins of food and a bag of pasta..about 4 days worth..I'm embarrassed I have to use it if I'm honest..I work but now and again i fall on hard times with mental health being homless you think people are having a life of Riley but I'm shore I'm not. Gas electricity I cook on a wood stove..my point is people are struggling and not just a few...and when we get hungry...YOU are in danger..have you ever been so hungry you would steel food?...well come try it..one week don't eat 3 days..then you will see how desperate people can get
@@Spaceman-jk5fb working hard.
@@gazdavies5581 Nice 🙂
£20 Left out of your wages in the 90s is the equivalent of £50 today. In the 90s many adults were living in privileged times where they could buy a property for 3 times there annual income. Cars were relatively cheap to repair, reliable and had a longer lifespan. Your deluded and don't recognise the advantages you've had that youngsters today will never enjoy.
If so many people are struggling to make ends meet why are Holiday Companies reporting a big surge in bookings and why are Premier football clubs full every match day
I think about 80% are ok, while about 20% need help.
Pubs packed by me every weekend and I’m not in a rich area 😊and I live facing a food bank, about 80% of the people that turn up are in cars , give stuff away of course people will take it 🙄
@@Spaceman-jk5fb trouble is that 20% never gonna learn , other then cry hard enough someone will pay for you ,
It’s a question of priorities - I still will say , if you don’t work - no benefits period !!!
Where’s all these jobs then
I get reduced price vegetables with occasionally chicken and create soups. Try to "batch cook" meat with some vegetables once every other month and freeze portions. Likewise fruits - rhubarb/ blueberries etc.
To cut my cost down I only eat meat on Sunday
Utter BS! In the mid 1970's inflation was just over 24% income was taxed at 25% on the first £750 - i.e. NO tax free allowance and 32% after that. Only circa half of homes had central heating, a phone - landline - or a car and many people rented their televisions, still black and white in many cases. There were not nail salons, tanning salons, few takeaways (and NO delivering pre-cooked food to the house) and in my family, which weren't poor, and our neighbours, alcohol was only for Christmas. At the supermarket I see trolleys full of prepared food - fgs, even ready made mashed potato or sliced apple, and cases of sugary drinks or beer, not ingredients to make food from scratch.
How did all those thousands of pubs survive if people were not drinking outside of Christmas
And no ones pay got topped up by tax credits and we didn't have food banks. How did we all survive? Well we did.
I'm guessing the fact accommodation was so much more affordable back then helped immensely with other expenses such as food and energy.
@@blissfularrogance No, that's a myth. I started my working life in a bedsit - as many did - just a two bar electric fire for heating, no television - couldn't even afford to rent one and of course, a bathroom shared with the other bedsits on the floor. In winter, after I'd eaten, I'd get into bed to keep warm and read or listen to the radio - and that one room took half of my wage after tax, and, back then, the landlord was allowed to set the tariff for the electricity. The difference between then and now, whether rented or buying, is people want all the luxuries as standard. When I eventually di manage to buy a house, these days it would go to auction - not central heating, no double glazing, no fitted kitchen original Victorian bathroom suite. Lots of houses were like that.
@@lucylane7397 I said, if you'd read it properly, in my family and the neighbours, alcohol was only for Christmas. It was a middle class area, there were not pubs, they were in the poor and industrial areas where people drank regularly, that's how.
100% on getting rid of standing charges. That needs to be sorted 1st. It's just wrong. Like line charge on internet when most doesn't use copper wire anymore.
We don't look after are own in Britain. Personally foreign aid, Ukrainian financial /hardware support, net zero and subsidised wind and solar energy, EU divorce payments, money being given to France etc etc all would end.
We don't even look after state pension only pensioners. These are working class people, never had the privileges middle class people had educational wise or the generational wealth that others In society get to enjoy. Poor families who do the best they can but most likely lay awake at night wondering when will someone help. I'm not a capitalist or socialist, I'm a realist. Had we built nuclear power stations and had been fracking, energy prices would be seriously low. Self sufficiency in as much food as possible and ripping up tariffs to bring in cheaper food since leaving the EU, would've benefited millions in Britain. Personally I blame the middle classes, most politicians in parliament are middle class, even if Labour MP's like to pretend they're working class. Or have since become millionaires and only have a political agenda.
Solution is simple. You want low crime and to uplift the lower classes. You need to build a pot of money. So get fracking, take a percentage of profits from gas to add to the funds needed. Tax banks excessive profits and add that to the fund. Legalise Cannabis £1b+ added to the fund. You then role out universal basic income for low income families and state pension only pensioners. If you're under the age of 50 on UBI you do so under the condition you will educate yourself and it will be free. So if someone lacks in maths and English they can go and have full access to educate themselves and progress to a degree in other subjects. In time this will lead to people having Qualifications in good paying jobs and getting the off UBI (there must be a earnings cap) . A little kindness makes a society better. When the rich are clearly getting richer and the poor poorer, we have a serious issue in Britain today. Let's deal with it and stop mucking around.
Scrap hs2
Sunlit uplands of Brexit Britain, £140BN wasted on it so far, imagine if we'd spent that money on the country instead.
Gdp went up you 🤡, no1 in the world on services , top 3 in industry n manufacturing in the west , record exports to eu in 2023 , now how’s Germany doing 🤔
Drop in the ocean compared to the response In 2020.
Brexit is a disaster ✅.
This is what happens when you privatise companies
Hahaha and nationalised companies or service are so much cheaper and efficiently run , guest you was not around in the sixties and seventies was you Lmao
NO.
Get up and do some work instead of sitting in the pubs the whole day and talking fish and chips.... am Indian of south Africa who's parents worked in the sugarcane fields as indentured slaves for the lord and ladies... I wonder how long the cry babies would have lasted...
@@oldshiny3012 Spot on. Yes the 60s and 70s were terrible, especially when we had a Labour Government. Strikes, elec rationed, rubbish piled up, dead remained un buried. Not to mention taxes.
@@oldshiny3012err no I wasn’t. I’m 40 and I should have more money than boomers but boomers won’t give us their money and are determined to live for fucking ever
Fuck off boomers
Food banks are running out of food. Btw, a lot of people suggesting or saying people smoke, drink etc as a priority. Ive got news, no they don't! Hes/some are obviously all right jack so to speak. We truly never miss what we've got until we loose it. Yes some do fiddle as sime fiddle their Taxes, hmmm. Most however don't. Many don't get or wait for months and months UNTIL they are awarded it, yet entitled and do not just tick the box but many of them. End of.
I have personal experience of ppl smoking and drinking, then going to the food bank.
It is a well known fact that more poor people smoke than people with money. If someone spends a fiver a day on smoking, but complains they can't hear their home, the priorities are wrong.
Abolish Standing charges ...Few hundred quid a years saved for average household
Scrap fuel charge/ Tax on Petrol and Diesel ...another few hundred saved
End VAT its an EU tax and we left ...Thousands a years saved for average family
Bring back free Parking ..like the Sixties & seventies
I've got 9 grand savings ....why ? Well I chose NOT to ever have kids ....
Sixth richest country in the world and we are having a conversation about how to provide the most basic human needs for people who don't have them, shameful and disgusting
Because instead of funding the NHS, school system, police, justice system
We fund
UNRWA, BBC, Ofcom (aka bbc) massive anti west rallies, housing for illegal immigrants, etc.
We have no money left for what we need.
And the country is now left paying huge amounts of tax, with next to nothing in return
Gaza has better hospitals than ours, not only before October 7th when they had 30 top of the line hospitals to serve 2 million people, but even now when half of them are unusable
We need to stop funding things we dont need, and fund things we do.
NHS before BBC
Our social housing before illegal immigrant housing
Police crime prevention instead of police anti west rally support/ protection of the anti westerns
Our schools before unwra anti west propaganda schools
We are throwing away money we dont have.
And taking it from people who cant give it.
Enough.
This is not sustainable
What has the BBC got to do with the cost of living crisis?
If only folks knew in 2020 that furlough.... and printing up money to pay for it....would inevitably lead to everything increasing in prices.
If only a national broadcaster made the case for no lockdown....and no printing
Last year I took a HUGE amount of tinned food to the Chelmsford food bank. As we all know, tinned food will last for DECADES if not damaged or punctured. Because much of it was a few months past it's sell by date they threw ALL of it away! I know that because they told me so!
I would NEVER donate to a food bank ever again after that experience.
I had quite a bit of tinned food still left. After learning that I took it down the local tip and threw it away.
You threw it away? So you wouldn't eat it but you expected others to?
You threw it away? So you wouldn't eat it but you expected others to?
You threw it away? So you wouldn't eat it but you expected others to?
You should not donate old out of date food. That is disrespectful to the people coming to food banks and not healthy and possibly dangerous. If you don't want to eat it then throw away.
Never donate anything you wouldn't eat yourself. Especially out of date food.
ywt pubs and cafes are packed
You used to be able to get quite a bit of frozen foods in Iceland shop which was handy to stock your freezer for a few weeks but now Icelands prices have also shot up massively too hence making it unaffodable for a lot of families
Cost of Decadence Crisis*
Strange that years ago,Cost of living costed Pennies back in the days,Times have changed over the years,Now days mostly all down to greed,People rather want money,They don't want to work for it,They want want want all the time,Plenty of Job's out there,Be glad when laws get about a Billion times more tougher with it,To get as many people out working for there own money
Its so ridiculous nowadays 😢
The other day the courtyside story which is recycled and now this when ive heard this stat loads of times!
How about some new news!
What do we expect thise immigrants get everything bah
£1000 for a rainy day? Jesus
I don’t know anyone who has that kind of money saved
Energy companies had record profits in the last 4 years - welcome to capitalism ladies and gents - the freedom for the few to exploit the many.
Savings😂
After the last few years whats that
Eat or heat for so many and the prices of gas/electric is disgusting these companies made record profits while we all struggle,
Can you believe that families with children of school age, who pay school meals, uniforms, clubs for the children to open their mind and learn a skill, for parents who are renting and having such high expenses since everything went up, barely affording a car when the car insurance prices went up too and the government is taxing these parents for child benefit, on basis that the parents are high earners with just as little as 52k a year? this is a very concerning and a problematic issue and is advancing and widening the gap between the rich and the poor. why the government doesn't tax the rich ones, the ones who truly get 80k,100K and above, the millionaires and billionaires? the middle class with children will never afford to enter the property ladder being taxed for the child benefit, the council tax and the so called 'high earning' for the 52k income yearly, while also paying high rent.
Isn't the child benefit the right of a child and in this country the child benefit amount is anyways the lowest on Europe's list? Only the hygienist costs for 1 child accounts to £75, since only the first meeting with hygienist is free. The child benefit for 2 children doesn't even cover the cost for 2 children to go to hygienist. Many children live in poverty, are deprived from food, dentists, cannot afford to practice a sport, a club, learn and enjoy life.
the middle class no longer exists, we are poorer and poorer only living to pay tax. we all barely make ends meet, having children became a luxury that no one affords because they need proper education, support, home and living conditions, a healthy school environment where they can learn, grow and progress and afford a decent warm school meal. if they lack basics, I don't see how the new generation will stand a chance to succeed, to get a qualification and a professional job. The next generation will suffer from depression, numb themselves in drugs and alcohol because they have no hope of a better future. no wonder how many young people and families became homeless. every child has a right to education and a happy childhood.
THE CURRENT GOVERNMENT HAS NO INTEREST IN INVESTING IN THE YOUNG GENERATIONS AND SUPPORTING FAMILIES WITH CHILDREN, IF POSSIBLE, THEY TAX MORE AND MORE FROM SUCH POOR FAMILIES. Emigration will be the next generation last resort! What is the point while living in this country to invest in education, be highly qualified, work all your life very hard to get more knowledge and experience, get to earn a salary which doesn't even cover a decent living considering the current inflation, and then the Government is taxing you at 40% as if you were a millionaire or billionaire high earner ? Many people don't even dream to live to their retirement age!
HOW LONG WILL YOU KEEP TAKING FROM THE POOR AND LET THE RICH BECOME RICHER WITHOUT TOUCHING THEM?
It is impossible to understand why all migrants come here? This is a capitalist country and the future doesn't look good at all. Apart from the economic crisis we can also see that we are no longer safe in this country!
You'll own nothing and be happy
Get a good job and you'll own everything.
@@Spaceman-jk5fb or just simply not waste money on things you don't need
@@oldshiny3012 I agree.
How do you freeze to death in a country that rarely gets below freezing
Sleep out for a few nights and get back to me
It’s true.. it’s an uncomfortable country, but it’s relatively mild.
Grow your own food save money instead of relying on foodbanks
I agree but of course people can't be bothered.
Carbon footprint not eco friendly growing your own food
@@contemplatinggod2791😂😂😂😂😂😂
I come in and out of the 30 percent when I pay my credit cards .
Sorry but this narrative that's being spun, particularly around disabled people struggling, irritates the life out of me. A friend of mine claims disability payment, I think it's called PIP and he gets that Employment allowance but with premiums attached and also his rent is paid. Take away his rent as that goes to his landlord, but the rest is his actual money to live on and it's around £1700 in cold hard cash. After his bills and fopd, he has easily 800 quid to do as he pleases with, and what annoys me with him, is his bragging of it. Now I'm not skint by any means, in fact I'm in the top 10% for wealth in the UK. I'm never took a penny from the state and will never need to, but those claiming state benefits are a lot more better off than some whom work 40 to 50 hour weeks. I understand not everyone on benefits gets a fortune, but those on disability do pretty damn well, yet always want more, and that really gets my back up.
Yeah, but ppl who are off sick and are entitled to Esa lower-rate and no Pips get hardly anything.
Rubbish. My brother gets DLA & was on PIPS until he retired. It was maximum £1k per calendar month.
Add in costs for care needs your pip is used to pay for carers , higher heating bills as your home all day . Do not spout crap without facts ,
Lots of ppl off sick get ESA with no PIPs and that is a very meagre income indeed.
Like I say guys, and I was referring to those whom get the enhanced rates of both PIP and that ESA, it's well over a grand a month, plus rent paid and council tax, pretty easy ride of you ask me.
2 million people cut off as British gas profits rise 983 %, God bless sunak, sends money to subsidise the energy companies profit,after his 400 quid loan that's not a loan
The basic premise is nonsense
Some people are struggling, sure
But a lot aren’t
I have a walking route that passes a supermarket and then a coffee shop
The restaurant in the supermarket is always busy and there’s rarely a table free in the coffee shop
When they changes, I’ll take what you say seriously
Thank goodness you are not in government. That you think people are ok doesn’t mean they are
My nov - feb gas bill was a shocking £891… I mean wdf right hahahah.. paid it then cried about it after hahahah only joking I didn’t cry… I just broke a few plates… so very satisfyingly soothing but now I need more plates hahahah… I feel for everyone who has a young family to feed and support… I mean I’m single… I have no small / school aged children so I’ve only got myself to look after and look out for… hope prices come down further on food energy and other overpriced things… I find food items are shrin size and quantity but you’re paying more.. I mean what’s that about… roll on summer !
Thank you
Ttfn;)
At least we can spend £8 million a day to house the illegal immigrants
Sad, sounds like a show from a third world country. Unbelievable
Ok
Brexit ?
i guess keeping with the jones wasn't such a good financial move for some , especially all those buy now pay later contracts , or 7low interest credit cards that are suddenly not anymore . You reap what you sow People i have zero sympathy for them , if they are intelligent enough they'll learn from their mistakes as for the rest you deserve everything you get
You got what you voted for!
I don't understand how couples who both work full time on well paid jobs can possibly struggle with the cost of living.
If i spoke my mind here it would upset to many and id probley wont be able to post for 24 hours knowing youtube.But i will say we caused it ourselves by our life stiles.But we are getting scamed by the energy campanies bug time.
Husband & wife must have a job.
Child care often costs more than one of the parents make
@@hannacook859 Then don't have children if you can't afford to bring them up.
@hannacook859 don't have kids then ?!! if you can't afford them and are struggling then be careful with contraception !!!!
@@Autonomous1969amen to that fella, stupid fucking kids
Who had the boomers btw because they are dreadful