In this episode, we discuss if modern women are prepared for the coming recession and how to deal with inflation and the cost of living in the UK and the US. We also discuss whether or not it's better to live with a romantic partner or have a roommate.
00:00:00.000So, today's topic is, what did I title it? I forgot. Are modern women prepared for winter? Yeah, that's okay. That's what I thought. Okay, so today's topic is, are modern women prepared for winter?
00:00:12.260So, one year ago, Kevin Samuels proclaimed that a cold winter was coming for single women. Mr. Samuels spoke of a coming recession that would lead to job losses in sectors filled predominantly by women. The financial instability would lead to more women getting evicted, applying for government assistance, and seeking other means of income, aka OnlyFans and other sex work.
00:00:37.480No sector is safe from the coming winter of over 73,000 tech job workers being laid off in the month of November 2022 in the U.S. According to news sources, that time is almost here.
00:00:53.080Inflation in the U.K. is projected to rise to 18.6% in January of 2023, the highest since 1997.
00:01:02.960This inflation will apply to food and consumer goods the most. Only 14% of women say they are ready for a recession in the next year.
00:01:13.780The average woman in the U.K., about 52% make 29,684 pounds a year.
00:01:21.600The average woman in the U.S. makes about $36,726 a year. Rent has increased by 12.3% nationwide in the U.K.
00:01:34.780Rent has increased 17.3% to around 2,550 pounds in London and as high as 20% or 2,650 pounds in Manchester.
00:01:46.680Women make less than men and spend more. The current way that women are navigating their finances is unsustainable with inflation coming and the coming winter exacerbating the problem.
00:02:00.520Putting feelings and emotions aside, women in general will need a man because they simply cannot afford to live without one.
00:02:36.320I noticed it when I bought kitchen roll. It was like 4.15 and it went up to like 5.15 and I was like, still the same kitchen roll.
00:02:44.640So, how bad would the economy have to get before you view a second income and a relationship as a necessity?
00:02:55.380To the point where I can't afford no kitchen roll.
00:02:57.300I feel like I would have to be let go from my job and like dismissed from my family and like out on the street somewhere for me to be asking somebody like, hey, can I rely on your income too?
00:03:13.380I just, and maybe I'm just too independent for that, but like.
00:03:17.440It's not, you don't have to like get to the, to the, to the very end of the road before you sit there and say, hey, we could have a better life if we pool our finances.
00:03:25.620Yeah, it's like if you make 40 and they make 40, that's 80.
00:03:50.320Yeah, I'm going to probably align with Keala.
00:03:53.380I, I would rather just like get like a roommate than compromise.
00:03:59.940Like under, like I would rather get a roommate or two roommates before I went to being dependent or having a part of my life, being dependent on someone else's income in like a romantic setting.
00:04:43.460So I definitely think it's easier when you pair up with someone in terms of like staying with them and stuff, because it is really expensive nowadays in London, especially I'm from London.
00:04:54.860So I don't necessarily think that for me at my age, I'd want to pair up with like a man per se, but family, like roommates, friends, et cetera, I would definitely like be down for it because the living costs are really bad at the moment.
00:05:08.920Like it's, and the income's not rising with it.
00:05:11.540So it's just, it's not really making much sense, but yeah, this is just not there.
00:05:16.420Um, but yeah, I'd definitely be open for it.
00:05:19.420But I also think as well that just for people that are like aware of the conditions, just really trying to figure out how you can bring in more income at this point, because I just don't think like a job really can sustain people.
00:05:31.460But, or just one job, yeah, one income now is just not going to sustain people.
00:05:40.760Um, for me personally, I have family, I have my dad, I have uncles, I have family, but what I will say is down to money management and being aware of your income.
00:05:51.020Um, what you can spend, what you have to expend with the cost of living, like for me, I have a spreadsheet so I can see how much things have gone up.
00:05:59.520So that means I can restrict, I've always lived by myself, I've never had roommates, I don't have roommates now.
00:06:05.020So, you know, not everyone is fortunate enough to have family, um, to rely on a man who is not your long term partner, that's risky, risky.
00:06:14.720And if it goes sour, you still end up, he could be your long term partner, he could make it work.
00:06:23.720No, no, no, it goes right, but I'm saying like, if you're just moving in from living by yourself or living with friends to live with a guy to rely on him for rent or whatever, that's kind of...
00:06:33.720Isn't this how relationships used to be?
00:06:36.720Families, men and women used to get together and rely on each other to build a family, build a household, potentially build a stable enough environment.
00:06:45.720Like, I don't understand how we've moved so far left from that, that you would rather be homeless on the streets, you would rather rely on people to live with you that you don't actually know they could move out with their boyfriend at any time.
00:06:59.720It's like, I think it sounds more like everybody's scared to toe the line.
00:07:03.720I mean, I don't, I'm going to push back on that because like, okay, how things used to be.
00:07:07.720Yeah, people used to also be in extremely toxic situations.
00:07:10.720Like we're all, so this generation, we're all, half of us are children of divorce or relationships that should have been, or should be divorced.
00:07:18.720So I think with having that awareness of like, what could go wrong, living what could go wrong.
00:12:37.720Like with my generation, especially, is material objects, they're not going to last forever.
00:12:44.720You can have the newest Louis pouch, but if you don't know how to invest and kind of invest into your future, sometimes it won't last.
00:12:51.720Sometimes you might be really lucky and manage to do everything.
00:12:54.720But I feel like sometimes you have to look at things in a bigger picture when you're younger and it will help you manage to do it when you're older.
00:13:02.720And then you if you look at past examples made by family members or something, like listen to your family members, because whatever they're telling you, you might think at the time, oh, they're talking like whatever.
00:13:15.720But then when you look at back in 10 years time, you'll be like, wow, my family really tried to set me up for generational wealth and tried to really help me get money opportunities because they can see things that you won't even see happening.
00:13:26.720Yeah. And I think that's really important.
00:13:32.720My family were the ones that taught me about generational wealth and just being invest well and invest in things that will make you profit and help you in the future.
00:13:41.720So maybe not right now, but in the future, that will definitely be an investment that I'll look back on and be like, I did that.
00:13:47.720I feel like you're really fortunate to have family members who were able to guide you in that sense, because I feel like a lot of parents not necessarily know how to guide their children in the modern world today, especially with everything rising and just this different environment nowadays.
00:14:05.720And I agree that now for me personally, I'm much more cautious when it comes to what I'm spending my money on now.
00:14:12.720And obviously I work a part time job, but I'm just the same opinion there where it's like you might want to get that thing or spend it on that expensive shoe or whatever it is that interests you material, materialistic things really.
00:14:24.720I'm much more like sensible now. I'm thinking, okay, I can spend my money on that, but maybe the budget and thing that you were saying, like dividing it to a sense where it's like, okay, I'm going to put that for that and put this down for investing in my future, investing in myself in whatever form that is.
00:14:39.720Like you said cryptos and stocks and stuff, it could be investing in your business, whatever it is, like, even if you want to be like on social media, content creation, whatever, investing in that, just in yourself and whatever you want to do and set yourself up for where you see yourself in the future, just so that when you're at a particular, obviously I'm quite young, but when you're at a particular age, you don't really want to be struggling how people are struggling.
00:15:02.720Do you know what I mean? Like, or if you've got parents as well that struggled to like raise you and stuff, like you don't want to repeat that in your family or in your, in your generation or whatever.
00:15:11.720So you're trying to like work 10 times harder to make sure that you don't repeat just family curses to a degree.
00:15:18.720Do you know what I mean? I feel like it's much more prominent now for people to be cautious of, not everyone, but there are like, probably in my circle, just a large amount of people who are very cautious of that and thinking ahead and thinking in the future, which I think is,
00:15:31.720very important, extremely important to do. So if you're young, it's like, for me, I think it's the best years for you to even think about your future.
00:15:39.720Like you shouldn't really be wasting it on that things that are just going to go. Do you know what I mean? Like sustained, sustain, make sustained decisions.
00:15:54.720But also I feel like, would you, sorry. No, go ahead. Oh, would you argue that like, things such as COVID and everything played a factor in your mindset now and how you think?
00:16:04.720Obviously, because COVID, obviously, loads of people would have been made like redundant, would have been laid off.
00:16:09.720And obviously, it made you think sometimes about your mindset and it allowed people to like, be like, wow, okay, so I can't work at this current time or furlough and everything.
00:16:18.720Yeah. So how will I cover the difference that I'm losing?
00:16:21.720I think, for me, it's more of a personal reason as to why I'm like, ambitious and motivated and just dedicated to making those changes for myself.
00:16:29.720But I agree with the COVID situation. Like, I was one of those people who was a victim of it.
00:16:34.720Like, I lost my job. I had a certain amount of money that I was just having to live off.
00:16:38.720And it's like, it's just deducting, deducting, and there's no more gains, because obviously I lost my job and I was one of those people.
00:16:44.720So I guess it's like, to a degree, that could have impacted my mindset and I started to believe that, okay, anyhow, you could just lose your job nowadays.
00:16:53.720And then what are you going to do? Do you know what I mean?
00:16:55.720Would you say you're extremely frugal now?
00:23:10.720And so we grew up in a, like, yeah, summers at grandma's house were always super fun.
00:23:14.720And, um, seeing sort of like the effect that our parents had on us and like on our other cousins and things like that.
00:23:21.720It was just kind of like, I don't want to have that effect on people.
00:23:23.720Um, and so when I got into a relationship and I was like, Oh, if we got together and we were taking care of kids, we wouldn't have that effect on people.
00:23:30.720We could actually build like a very like beautiful, prosperous, like family.
00:24:34.720Obviously it was the whole, what you said, I would have expected it to be the opposite.
00:24:39.720Obviously where you said that you come from, your parents are still together.
00:24:43.720I would have expected the opposite where you would have said, you would have, you would have want children because obviously from what your parents, you've got two large families.
00:24:50.720And when it comes to like, comes to festive events, you're all together.
00:24:54.720That's why I was surprised when you said, that's why I asked the question.
00:25:09.720But nobody's ever like mentioned the fact that the process of having kids is like having kids, raising children, the best of your ability, you know, without obviously going too far afield and fucking it all up.
00:25:28.720I think this brings up a good point that we were making before.
00:25:32.720You mentioned community and you were talking about how you would like your partner to help you build your community with you.
00:25:37.720And I assume like you're you and your partner have kids and that creates your community.
00:25:42.720Me personally, like I, I build my community with like my church when I'm going out to friends.
00:25:47.720I go to like a chess club, like even like my work friends and things like that.
00:25:51.720Like those people are my, my main community and I'm not necessarily expecting them to like be by my bedside feeding me porridge when I'm, you know, I can't feed myself.
00:26:59.720But are you honestly going to be like, sorry, but are you honestly going to be as happy as you think that, let's say you're 60 or 75.
00:27:08.720Do you honestly believe you're going to be as happy?
00:27:11.720Let's say for example, you have children and those children that let's say you're 75 years old, you know, let's say for example, your husband ain't there.
00:27:18.720But you have your children who are going to look after you.