Median is a type of average, tbh both mean and median wages are plenty in most developed countries - if you actually get that much. Which half or more than half of people don’t get, depending on which one you are using.
Not sure I agree, given how disproportionate housing costs are in many first world countries.
As an example, my brother makes well above the median income in the UK, but lives in an old camper van during weekdays because he can’t afford rent in the area where he works.
I also live in the UK and bought a house on minimum wage. Cheaper part of the south east but still costs a bit more than where I grew up in the south west.
How on earth did you get a deposit while on minimum wage?
When minimum wage came in in the UK my legit income more than doubled, but was still only enough to cover food, a decent 125 scooter, and about half my rent. To make up the rent I depended on other forms of income.
Median is a type of average, tbh both mean and median wages are plenty in most developed countries - if you actually get that much. Which half or more than half of people don’t get, depending on which one you are using.
Not sure I agree, given how disproportionate housing costs are in many first world countries.
As an example, my brother makes well above the median income in the UK, but lives in an old camper van during weekdays because he can’t afford rent in the area where he works.
I also live in the UK and bought a house on minimum wage. Cheaper part of the south east but still costs a bit more than where I grew up in the south west.
How on earth did you get a deposit while on minimum wage?
When minimum wage came in in the UK my legit income more than doubled, but was still only enough to cover food, a decent 125 scooter, and about half my rent. To make up the rent I depended on other forms of income.
And housing has gone up faster than minimum wage.
Renting a bedroom, after rent I didn’t really spend much else, food was only like £10-15 a week, was saving £5-10k a year.
So, it only took you 10 - 20 years of having no life to get a deposit together?
In my darkest days I was spending about £12 on food per week in total, but that was in the 90s
20 years of that would pretty much buy an entire house, not just a deposit. Not sure how it’s having no life either.