To think this is classed as being wealthy?

Depends on age and if that savings amount included pension funds

Aged 65 with only 50k in a pension pot and a mortgage on the home - no not wealthy

35 with pension pot in addition to the savings - yes

The parents wealth isn't really relevant

The word wealthy to me suggests the Monopoly Monocle Man.

I'm would call these people rich in my close social circle, and middle class in my professional circle

Package of millions is wealthy like a ceo
https://www.theguardian.com/business/2023/dec/14/thames-water-appoints-chris-weston-as-boss

Your example is doing fine and pretty average for a taxpayer in a professional job "normal" "hard working" person !

I don't think of "wealthy" as this level described.

I think of wealthy as someone who could buy a flat in their teenagers university town to avoid them needing to pay rent. Perhaps with a mortgage but the mortgage being easily affordable and the person having savings that would cover it. Also the person being able to holiday pretty much anywhere in the world they fancied without budget being an issue.

This person has a good income and an expensive home. However as someone has previously pointed out if they live in London it could be a small and very modest home and over half their wages could go for paying for it. If the property is in a cheaper part of the country then could be a very generous property for one adult and one child.

The 50k "savings" sound like a lump sum left after divorce/property purchase etc. They might be eaten into if the person can't afford their mortgage and childcare etc and ebb away.

OP you sound like you were happy in your home, making ends meet with a little debt like many of us - don't let someone else's circumstances which might get better or might get worse, change how you feel about your own.

No. Not wealthy. Comfortable (and how comfortable depends on the LTV in the house).

I'd say it's comfortable but not rich or wealthy. It does also depend on age imo.

However using the word comfortable here probably implies that more than 50% of the UK is NOT financially comfortable.

Not poor, obviously, but I wouldn’t say wealthy.

Their parents 4 homes have nothing to do with it.

Not wealthy. Just comfortable.

Wealthy is having a town house in London, a newish Mercedes and/or a sizeable second home abroad that you don't need to rent out.

Depends on outgoings. You can look wealthy on paper, and not have that much disposable income in some cases.

No an income of 75k and savings 5ok is not "wealthy"
Wealth is "a great deal of money" so that you don't have to worry about living costs and can purchase luxuries without thought. You should even be able to not work...although you may have business interests.

A 400k mortgage on a 500k property over 25 yrs would take over half your salary on 75k.
Savings of 59k is less than a year's salary (about a year after tax) so you need to work.

The parents are seemingly wealthy based on properties owned but depends if they own them outright and need any rental for living expenses or not.

I used to say anyone with savings at all was well off but that’s not really true and as people said it’s more privileged but if the mortgage and childcare take up the wages they could be struggling (although they have savings so …) I’d see wealthy as Alan sugar etc

It wouldn’t be wealthy in London.
and parents’ wealth should not be considered.

Well they’re certainly not skint!! And probably in the top 10% of earners/wealth

They are well off but not wealthy. Add a zero or two to those figures and you're getting there.

savings of 50k, income of 75k, own (mortgaged) home worth close to 500k

It depends how big the mortgage is.

and parents with four homes (one of which used as a holiday home all year round)

Parents may be wealthy. Again, depends on mortgages and income.

It depends. Are the savings her pension? How old is she? How much does she owe on her mortgage compared to her age.

If the savings are her pension and she's in her 50s then no she isn't wealthy. If she's 60 and owes £300k on her house, then again, no not wealthy.

But if she's 40, has 20 years of public sector pension accrued, a mortgage she'll pay off next year and £50k in savings, then yes, I'd say she's comfortable.

I’ve always classed wealthy as having enough money that you could stop working and still maintain your lifestyle indefinitely. That’s just my take.

I’d say your example is well off.

Comfortable yes. Parents don't come into it.

No, that's not wealthy. Wealthy to me means making enough just off your investments alone to live a very comfortable life, before you even account for earned income. A wealthy person is someone who can stop working tomorrow and carry on living an extremely comfortable lifestyle for the rest of their life.

Depends ( as ever) I don’t think they are wealthy as that would only equate to a small 3 bed house here. Individual income of £75k is maybe almost wealthy, but not joint income.

lots would depend on area, cost of living etc.

but @hadenougj1 it really doesn’t matter because you can’t buy happiness. Don’t let what your friends have or don’t have be the measure of you and your life.

Well 75k salary sounds a lot to me but in some circles it’s not that much. Same with the value of her home. Most people I know are in a home which is worth a lot less than £500k so she sounds pretty well off to me but if she lives in London she wouldn't have a lot for that.

You friend is probably feeling much poorer than she was since the split. The house is likely fully mortgaged and if her ex has a similar income, things will have been much more comfortable running one house on their joint income than 2.

She's not poor, but you're not right to say she's wealthy either.

In both your posts you’ve used terms that are broad and mean different things to different audiences - “wealthy” and “normal”

In comparison to her previous circumstances, this lady is poor or at least poorer than what she was. Having said that, this sounds like it is all being said behind her back and she herself has never claimed to be poor.
You can’t extrapolate her circumstances and compare them to someone else’s. Compared to Elon Musk, she is poor. Compared to many living in poverty, she is incredibly rich.

You also said that you thought you were normal - what even is normal? If you are happy, healthy and able to live comfortably day to day then there is truly nothing to be gained by comparing your circumstances to others.

I’d say they’re doing okay. But I suppose perspective is going to hugely depend on where you are in the country. I’m in London where a home worth £500,000 could be a two bedroom flat in a very average suburb and a salary of £75k doesn’t go very far at all.

It’s not poor but it’s not rich or wealthy
Her parents might be, but that’s their money, not hers
Your friends shouldn’t be implying she’s hard up and poor. I’m sure it’s tough being a single parent, but she’s not poor. That’s privilege talking.