Kerre McIvor backs Hosking

Kerre McIvor backs Mike Hosking in his attacks on whingers who earn more than $100,000 and are crying poverty: Quote:

I think it’s nonsense for people to cry poverty when they’re earning more than $100,000.

My colleague on NewstalkZB?Mike Hosking was scathing this week of those earning six figures who were crying poor.

He understood people struggling to make ends meet while living on welfare. And he understood that times can be tough for people working on minimum wage.

But people who couldn’t survive on $100k were simply useless with money, according to Mike. And, he said, the idea that they were living in poverty was BS – pure and simple.

I couldn’t agree more. According to a news report this week, Statistics NZ data shows that more than 30,000 households with incomes more than $100,000 said they didn’t have enough money to live on.

Another 116,000 said they only just had enough to live on. Is it because they are poor? No. It’s because they have a level of expectation of how they should be living that exceeds the money coming into their pockets. End quote.

Yep, flash house, massive mortgage, stretched to maximum, cars on finance, plus the boat and the beach house on tick. They are struggling because they have financed doodads. They mistakenly think that cars and boats are assets.

No one wants to buy a second hand house anymore. They want to live close to the city and not pay for it, so they cry about affordability. Quote:

A financial coach was quoted as saying one example of how six figure households suffer is that home maintenance is deferred and then their properties devalue. Dear God.

The concept of home ownership is so far away from so many hard working, low paid workers that its almost insulting to read the attempts at justifying the pity party.

Anyone struggling on $100k should ask a solo mum on the DPB or a couple slaving away on the minimum wage for financial advice. People on welfare or low incomes are generally excellent budgeters because they simply don’t have any other choice.

They have to account for every dollar and make it work for them.

And while those earning big money might feel aggrieved that their salaries are being eaten up by huge mortgages or children’s school fees or exorbitant health insurance premiums – these are all costs that are incurred because of their lifestyle choices and they are costs that people who are genuinely struggling can only ever dream of paying. End quote.

Exactly. Quote:

Those on six-figure incomes are free to moan about how tough it is to pay for the kids’ private school uniforms when the bill for the landscaping has just come in.

They can gripe if they wish when everybody else in their leafy street is heading off to beach resorts in the middle of winter while they’re left behind to endure the cold because the shares didn’t perform as well as expected this year.

But bitch to one another. Don’t expect support from people who know what it’s really like to struggle.

Living in an insulated bubble with an inflated sense of your own entitlement is not worthy of sympathy.? End quote.

I remember once at a National party function, when someone raised the topic of poverty, some old tosser sitting there in his tweed jacket asking if anyone knew any poor people, because he didn’t know any poor people. Neither did any of the other old buggers and biddies. He then declared that the issue was settled. He didn’t know any poor people, neither did anyone else in the room, and so there simply couldn’t be any poor people.

If you are earning $100,000 per annum, you aren’t poor. Live within your means and shut up.