Whoa, you kiss your mother with that mouth?
The Invincible Iron Man - The Marvel Super-Heroes (1966)
Same
I need to charge up too.
so true
Official Wednesday post
It's Tuesday
Dude it is SO FUN and EXCITING to see a reoccurring reader. If you've commented a handful of times on an author's work, I guarantee that they recognize you. You can't imagine how many times I've excitedly informed my friends "the person with the funny cat image commented!" "- anon is back!!!!" and the friends've recognized who I was talking about because I talk about my commenters so often LOL. We love you all!!!
“raising awareness” is not a goal, it’s a starting point. you are raising awareness about a problem to some end, to get people/policies/institutions to change, or you are wasting your time
“Someone will die.” “Of fun!”
The full Bennet Family Finances endnote from Ch33
I’ve been doing some more maths (ch26 has the initial discussion) on the savings that our characters might do/should’ve done since it’s fascinating to me and some of the comments I’ve been getting have been making me think more about it. One of the common themes is surprise at just how negligent the Bennets were at saving, instead of merely being stretched thin by expenses. I understand this completely, as it isn’t something that’s explicit in an easily recognisable way for modern audiences.
So, where could they have been more economical? They don’t go to London, no one has a gambling addiction, all travelling (which was EXPENSIVE) is done cost effectively, and they certainly didn’t spend all the money on tutors and the like for their daughters. I’m sure there’s actual academic papers by historians on this (I miss my uni access to those so much) but I can take some educated guesses.
You do really have to wonder where they have been spending all that money, especially when the girls were young (nursemaids were cheap and baby clothes would be handed down). Was Mrs. Bennet just spending a lot more on herself?
I'm wondering if taxes and/or inflation would have gone up during the time the girls were growing up. According to Wikipedia, an income tax was introduced in 1803, and abolished in 1816 (after the war was over). There had also been a tax from 1798 to 1802. Inflation was also at least somewhat volatile between 1790 and 1815 (see Hume's article below).
Austen started writing P&P in 1796, but significantly revised it in 1811-1812, and since she didn't include a disclaimer about it being out of date the way she did with Northanger Abbey, I'd guess that she meant it to be more or less contemporary. Jane is I think 22 or 23? So say the novel is set in 1811, she would have been born around 1789, before the first income tax. .
I do have access to academic databases, so I did a little searching on JSTOR and found this article, which talks about income and economics in all of Jane Austen's full novels, but focuses heavily on Pride and Prejudice:
Hume goes deeper into taxes and inflation, which were both apparently pretty high. He also mentions that the Bennets have a pretty large number of servants-- at least 5 household servants not including kitchen staff, plus they would have needed servants to drive the carriage and take care of the upkeep on the estate, in addition to farm workers. Even with labor being fairly cheap at the time, that's still a pretty large staff.
However, despite those expenses, he argues that Mr. Bennet's income would have made the Bennet family very well off, and that Mr. Bennet should have been able to save at least 20% of his annual income for the sake of emergencies and his daughters' futures.
Thank you so much for finding and sharing that resource! Such a good read. I actually used a lot of his stats and research when talking other times about how Mr Bennet failed his family and making my estimates, but it was from remembering Hume from studying Austen at uni and getting the information again from essays which reference the work, rather than having access to the original. I'm glad I get it to save it to my essay folder now! Anything about finances in Pride and Prejudice or the reality of Elizabeth's financial situation is a favourite topic of mine - to no one's surprise. I mean, this post is an author's note of a fic where I literally use the sudden risk of Mr Bennet dying just after the Netherfield Ball, and the financial implications, as the justification for the premise, haha. I'm always happy to read more research about it.
This post is actually second in a bit of a series I occasionally do about finances in Pride and Prejudice in the author's notes. I'm not making any claims to being particularly academic and it's certainly not equal to peer-reviewed essays, I'm just helping to give context about the financial aspects that modern readers don't necessarily understand the same way contemporary readers would have. Also, I just enjoy applying maths to the amounts they could be saving and see what we end up with. The first part here was actually begun by a throw away comment about how much the Bennets would need to have saved to give the girls £10,000 a piece and then delves into what would be suitable dowries for their position, and how much money they would have if their parents had annually saved £450, £200, £100, or even only the interest of the £5,000 settlement. It mentions they're in the top 1% and slightly touches on Mr Bennet's personal culpability towards not providing for his family. (Small note for anyone who's new to my maths: I assume Jane Austen always listed the profits of estate incomes, not simply revenue. The only amount I believe we have clarity for in any of her book's is Darcy's £10,000/y, which, as Wickham calls it 'clear' means that's the amount remaining after all expenses necessary for the maintenance of the estate.)
The 40% of income put into savings (though I suppose the half that is meant for emergencies could be a similar amount to what the Bennets were spending on that purpose, just without explicitly saving for it) that Trusler recommends is new to me, as is some of the others referenced. Even Hume's recommendation of 20% is more than I expected. I've been treating 10% as the recommended (which, with reinvesting Mrs Bennet's settlement, in the 4%s comes to £19,647 total for her and the girls at the start of the novel), based on the 1823 'A New System of Practical Domestic Economy'. A blog post which sums up the relevant bits for Austen fans is here and I very much recommend checking it out. The book isn't a perfect contemporary, but it's certainly close enough to be useful and comparative to others Hume references. I love seeing the variety of different opinions on respectable savings, and how similar it is to the variation of advice we receive today. Humans are humans and will always have different opinions.
Luckily, I don't have to determine which is the most realistic for the Bennets income or respectable in the eyes of society, I just get to do more MATHS!
Assuming Hume's (and Trusler's, if we exclude the half of his 40% which is meant for emergencies) 20% of the income saved, over 23 years in the 4%s, we get:
- £19,647 if none of the interest from Mrs Bennet's settlement is saved. Making the girls FOUR times richer than they are in canon and equivalent to what their mother had as a dowry.
- £21,112 if 20% of the interest from Mrs Bennet's settlement is saved.
- £26,971 if all of the interest from Mrs Bennet's settlement is saved. That means, given a few more years, it wouldn't have been hard for Mr Bennet to give his daughters £6,000 EACH. Which would be in line with what Pride and Prejudice implies are good dowries for their father's income and quite likely been enough to stop anyone from having serious financial doubts about marrying them.
If we do Trusler's 40% and presume, through some impossibly good luck we're indulging the existence of purely for funsies, the 20% saved for emergencies was never needed and so contributes to the girls dowries, using those same stipulations, we have:
- £29,294, or about £6,000 for each girl if their parents die at the start of the novel.
- £32,224.
- £41, 618, or over £8,000 each at the start of the novel, a staggering amount compared to the meagre £1,000 they're going to get in canon.
Of course, those last three amounts would never happen. But interesting to see that, with Trusler's view on economical savings, an amount somewhere between the first three and last three is possible if the emergency fund always had something left over at the end of the year. (Though, I imagine Mrs Bennet would soon, if she doesn't already, grow to consider a lack of new gowns and cushions an emergency).
Also, I'm so sorry, Skarabrae, since I want everyone to see this link your reply is being used as the base for me adding extra information for everyone and answering some things I saw pop up in the notes. No good deed goes unpunished.
Read as many times as needed
Adam Driver as Phillip Altman is one of my favorite roles.
I think my favorite genre of fanfiction is when the author says something like "this was meant to be 3 chapters but it's actually going to be 5" in the notes at the end of a chapter and you can look up at the chapter count and it's like 15 or something
This is me. I thought it would be a one shit. Now there are 4 more chapters planned... How did that happen?!
Leo Tolstoy
Hogfather, Terry Pratchett
Quotes that genuinely rewired my brain