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AIBU?

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Original poster

Do you consider this ‘wealthy’?

518 replies

haleeeee · 05/10/2024 18:03

Two kids in private school since primary. Two buy to let’s of around 250k value each. One holiday home value 280k. Own home mortgage free. Income allows for a few holidays a year circa 3k each time.

Wealthy? Well off? Or just better than average?

OP posts:
Lampzade · 05/10/2024 19:17

Whenwillitgetwarm · 05/10/2024 19:09

Mumsnetters - let me say this again loudly for those at the back! Do not discuss your finances with anyone other than your DH! People will chat your business all over the place.

Absolutely
I am close to my family but I don’t discuss my finances with them.

Gemmy96 · 05/10/2024 19:17

nutella8 · 05/10/2024 18:12

The wealthy do not lease cars... they are well off.

100%

BrimfulofSasha · 05/10/2024 19:17

Poppins21 · 05/10/2024 18:07

I would say in the top 10% not billionaires but very comfortable.

The top 10% is a £60k salary. No way they earn as little as that with 9k a year on holidays and at least double that on school fees

Scirocco · 05/10/2024 19:16

... this couple.

Gemmy96 · 05/10/2024 19:16

Depends entirely on their level of hidden debt

Viviennemary · 05/10/2024 19:15

Fairly well off but not wealthy. Wealthy implies country estate.

Scirocco · 05/10/2024 19:15

And the award for Humble-brag of the Week goes to...

anxioussister · 05/10/2024 19:14

However well off they are relative to you or anyone else is pretty subjective. It perhaps feels insensitive to you that they complain that their lifestyle choices leave them feeling pinched. But ultimately they’re not responsible for how you feel.

sorry you feel shit. Let them know it hurts if you feel that would help. Otherwise tune it out…

Savingthehedgehogs · 05/10/2024 19:13

They are probably stretched beyond what they can afford hence the friction..

Savingthehedgehogs · 05/10/2024 19:12

Their main house is very modest in terms of value. So yes comfortable.

MayaPinion · 05/10/2024 19:12

Wealthy people are worth a few million. They live in million pound plus homes and have holiday home(s) abroad. They will have an investment portfolio and passive income. You are describing comfortable or well off.

Saucisses · 05/10/2024 19:11

Comfortable but not wealthy. At the upper end of 'normal wealthiness' for educated, middle class folk in early middle age.

MillyVannily · 05/10/2024 19:10

I would say upper-middle class. Far from wealthy or rich. Rich people have properries for millions. The values of these properties is really low.

Savingthehedgehogs · 05/10/2024 19:10

Super wealthy - are not working and living the most lavish lifestyle on pure investments

Wealthy - working but have plenty of investments and assets and will retire early and be extremely comfortable

Comfortable - Working and enjoying a very comfortable life style. Some investments. Will retire a year or two early.

I imagine your relatives fall between those two categories depending on the size of their pensions and savings.

I would reduce contact if they are being annoying.

Whenwillitgetwarm · 05/10/2024 19:09

Mumsnetters - let me say this again loudly for those at the back! Do not discuss your finances with anyone other than your DH! People will chat your business all over the place.

housethatbuiltme · 05/10/2024 19:07

Majority of people I know do not own a house, neither did their parents (no inheritance tumbling down) and they probably never will.

We live in the unpretty northern pit village an area where small livable condition terraces in the not so glamorous villages regularly cost only around the £50k mark and doer ups can start at auction for £5k (selling usually for £18-£29k end value).

So yeah I think we must just be 'insanely poor' if someone needs to ask if someone owning multiple expensive houses is wealthy or just normal.

Howdiditgetsobad · 05/10/2024 19:06

I’d say wealthy given the level of property assets. ONS measures wealth as disposable income, available cash and investments, and property equity. Sounds like they have well above average of all three. More like top 5% or above.

TheLightSideOfTheMoon · 05/10/2024 19:06

Wealthy but gauche/low class.

Real wealthy people don’t tell others the minute details of how much their properties/cars/school cost.

Fur coat, no knickers.

CurlyhairedAssassin · 05/10/2024 19:05

I tell you what's wealthy. Being able to buy a second very expensive property up your very exclusive and desirable street in a posh part of London just to store your winter wardrobe and house visiting guests.

Jc2001 · 05/10/2024 19:05

Hungrycaterpillarsmummy · 05/10/2024 18:43

Do you think you're clever by calling people dicks?

They aren't wealthy.

Show quote history

Yes it's not clever to call people dicks.

But that is wealthy, and if you don't think they are then your are living in a massive bubble.

ChampagneLassie · 05/10/2024 19:05

People like this wind me up. They are trying to be clever but doesn’t sound like they can afford all those properties. Sell the holiday home for starters. On the other hand some people just love pleading poverty and enjoy being frugal. Take them at their word. If they can’t afford desert it’s because they’re choosing to spend on other things

Leafstamp · 05/10/2024 19:04

Very wealthy. I’d say top 1% of the population.

CurlyhairedAssassin · 05/10/2024 19:04

Jaichangecentfoisdenom · 05/10/2024 19:02

So where do millionaires start?

Show quote history

I've said this many times on here before but the word "millionaire" no longer has the connotations it once had. Think how long the word has been in popular use to mean someone who is filthy rich.

savvy7 · 05/10/2024 19:04

Wealthy or not, it's immoral to have so many properties...

Lampzade · 05/10/2024 19:03

My mother owns three properties outright and all her children are self sufficient .
She also has a decent pension.
She would say she was very comfortable not wealthy