An Aussie millennial in London has been slammed over her saving plan for a house deposit

A YOUNG Aussie is enduring a fearsome backlash after describing her struggle to save for a house on her comfortable six-figure salary.

Kate has copped a backlash after airing the struggles she faced to save for a house deposit on her six-figure salary.

AN AUSSIE millennial has copped a fierce social media backlash after complaining about her struggles to save for a housing deposit on her six-figure salary.

Kate Smith*, 29, now lives in London, where she works as a project manager on a high salary of £70,000 ($A123,648).

The median gross annual wage for people working in inner London is £34,473. For the UK as a whole it’s £22,044.

In an article for iNews titled “How I live on a £69,500 salary while saving to buy a two-bedroom flat”, part of the news outlet’s New Money series, she describes the “radical changes” she had to make in order to save for her home, including cancelling her gym membership and forgoing extra drinks at the pub.

Kate breaks her monthly £4003 ($A7070) take-home pay down as follows:

House savings: £1500 ($A2655)

Rent and bills: £830 ($A1470)

Pension contributions: £264.25 ($A468)

Travel: £110 (A$195)

Mobile phone contract: £10 ($A18)

Sports club: £40 ($A71)

Food shopping: £350 ($A620)

Holidays: £375 ($A664)

Total: £3479.25 ($A6158)

Amount left to spend: £523.75 / £121 per week ($A215)

At the same time, Kate enjoys a luscious life of drinks and getaways. Her social media posts boast a lifestyle of fancy dinners, cocktails with friends and overseas holidays that have taken her everywhere from Goreme, Turkey to Italy’s Amalfi Coast and New York.

Kate says she won’t stop saving for overseas holidays.

Kate’s ultimate target is a two-bedroom flat in London’s Zone 2, near her current residence in Bethnal Green, East London.

An average two-bed apartment in the area currently stands at around £560,000.

The average property price across the UK is around £230,000.

In the original article, Kate notes that travel is non-negotiable in her savings quest, although she always gets the cheapest flights and watches her spending.

She said saving for her has been about cutting out taxis, her gym membership and “random stuff”.

“I cancelled my £150 ($266) per month gym membership and started going running instead,” she said. “I’ve also reduced how often I take taxis. Now, when I do take one, I link it to a specific credit card so I can track how much I spend per month.

“Recently I was going to buy a red jacket, but then I thought: ‘I don’t need a red jacket, I’ve got a navy one and it’s fine.’ So I’ve changed my train of thought about what I really need to spend money on.

“By doing that I’ve been able to save even more than my target.”

Social media users have been quick to slam the article as out-of-touch, pointing out that Kate’s salary puts her in the top five per cent of British earners and mocking the “sacrifices” she made to save:

"How I saved to buy a flat while bringing in a wage that puts me in the top 5% of UK earners and will now make you want to smash your head into the desk." https://t.co/UJ7PdXONts

— Mic Wright (@brokenbottleboy) July 17, 2018

Wow! Rich woman cancels £150 gym membership and stops getting taxis everywhere and now can afford a flat. So easy! https://t.co/DK5djZczjf

— Holly Bourne (@holly_bourneYA) July 17, 2018

• £150 per month gym membership
• Taking taxis (like, at all)
• Weekend trips abroad
• £80 per week on food shopping (I spent £53 on groceries last MONTH)
• £100 per week on "socialising"

What people consider "cutting back" is baffling https://t.co/XMN3TglSSl

— Adam (@adamndsmith) July 17, 2018

Such a slap in the face for most working people! > ‘saving £1500 a month’ That’s more than what most people live on a month!!
https://t.co/oBJirlHbhg

— Charlie Kiss 🇪🇺🏴󠁧󠁢󠁥󠁮󠁧󠁿🇨🇴 (@charliekiss) July 18, 2018

Other users put the blame on the outlet, rather than Kate, pointing out that the headline was one of the most infuriating parts:

This title is the first of many insulting things about this article. Are you that out of touch with millennial living, Independent? “How I live on £69,500 a year while saving to buy a two-bed flat” - https://t.co/9wHb2h1vXw

— Daniel Perks (@dperks13) July 17, 2018

A journalist from the outlet tweeted to another story in the series following the backlash, which looked at how one family supports two kids on a salary of less than half of Kate’s:

For balance regarding the previous post on living on £69,500 a year... How we support two kids on one £30k salary in Londonhttps://t.co/gxptO4irig

— Elizabeth Anderson (@lizzyandersonuk) July 17, 2018

Thank God she at least left avocados out of it.

This came after a very naive 21-year-old intern, living and working in New York City, anonymously shared her money diary with Refinery29. She was absolutely torn to shreds for it online as she is insanely privileged but totally cannot see it.

She works for a marketing company and is paid $25 an hour but somehow manages to live a luxurious life filled with zero responsibilities and very little actual work.

So you don’t have to, we trawled through her diary from the week to bring you the 10 most outrageous quotes.