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by black-tea
2656 days ago
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For me it's about security and freedom, not "keeping up with the Joneses". I earn a good salary for the UK, even if it might look small compared to the US salaries. But I've been very careful not to inflate my lifestyle too much. I don't have an expensive car. I don't go on expensive holidays. I save approximately 40% of my take home pay. I feel I need to do this because I won't necessarily be employable long past 50 and I don't feel like I can buy a house or cohabitate with a spouse. |
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That's what I noticed during my undergraduate years in the UK after growing up in continental Europe: "lifestyle" for most people in the UK from the young age is associated with spending money on material things and holidays, not pursuing life-long hobbies and interests.
In much of continental Europe people seem to be enjoying their lives a way more, despite often earning 2-3x lower salaries while doing similar jobs.
In my own country, even a person making 15k / year might have a second home in the countryside, where he spends every summer weekend with his friends and family.