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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:
Angrywife · 06/10/2024 20:30

To me they're very wealthy, but that doesn't mean they're cash rich.
Having properties doesn't mean they have much disposable income.

LadySinfiaSnoop · 06/10/2024 20:11

Show Off 😂😂

Testingthetimes · 06/10/2024 19:50

I don’t think it matters what it could be defined as. It’s enough that they should realise others have and get by on a lot less. It lacks awareness to make out you are struggling. Of course, they may well be tight given their outgoings. But that’s due to choices they have made, not lack of choices.
nobody wants to hear about how they can’t afford dessert. Their lack of awareness is well… eurgh

ColdWaterDipper · 06/10/2024 19:34

If all the houses are owned outright then I would say they were well off, however if they have mortgages then I would just say they are comfortable. It’s all relative though isn’t it. I tend to refer to my parents as wealthy as they own several £1m + houses outright and also have more than £1m in savings plus investments, and can’t spend all of their pension each month, in fact not even half of it and that’s not their only income. There are still people far better off than them though.

SleepyHollowed84 · 06/10/2024 19:25

They’re wealthy but stingy, by the sounds of it. A classic combination.

Single50something · 06/10/2024 19:15

Newyorkcity123 · 05/10/2024 18:09

I bet they worked bloody hard for all they have. They’re well off but it would have come at a price in terms of time with kids, eachother, working late, away from home etc. Not what you asked but I think worth pointing out.

Not always. Most if my well off friends it's because they were gifted something at some point..a large deposit for a house/a house etc. Or they bought many years ago when prices mich lower and are now mortgage free etc. Their incomes then pay for the nice things in life. If you don't have rent or mortgage to pay.. or a v low mortgage the life is much easier.

HarrietsweetHarriet · 06/10/2024 19:08

It's funny actually, the wealthiest people I know are the stingiest - e.g. have a habit of leaving early if it's their turn to pay, swipe breakfast buffet food to save for lunch, never offer to pay for coffee, don't give birthday cards / gifts etc. These are all people with houses worth £1-2 million, posh cars, great salaries/pensions , multiple holidays each year etc.
DH says there's a reason the rich stay rich!

grownuplefthome · 06/10/2024 18:58

I consider my self well off - I wake up every morning.

CommonAsMucklowe · 06/10/2024 18:44

Wealthy. Especially if you have a cleaner too.

category12 · 06/10/2024 18:41

MadameMaxGoesler · 06/10/2024 18:39

They're 'Haves' but not 'Have Yachts'.

😂

dairyfairy21 · 06/10/2024 18:39

They probably get taxed a lot which is why they are struggling

Outgoings are a lot..

MadameMaxGoesler · 06/10/2024 18:39

They're 'Haves' but not 'Have Yachts'.

angela1952 · 06/10/2024 18:36

Poppins21 · 05/10/2024 18:07

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

Way above the top 10%

Wishingplenty · 06/10/2024 18:28

Comfortable but not insanely rich.

laraitopbanana · 06/10/2024 18:26

This is wealthy as they do have passive income ready to kick in when and if ever needed. It looks like they also have plenty of spare money which they surely invest for them and their children.

Above average middle class whom would normally have a house paid off, a holiday home, 2/3 holidays a year and private education when needed as state is really hood where they live.

they sound like 2nd generation and so have inherited houses from parents or were offered big chunk of money to pay their own very quickly.

But why do you want to know?

PigletJohn · 06/10/2024 18:24

Bearing in mind that most wealth in the UK is held as property and as pension schemes. The family's multiple home ownership alone tips them into the wealthiest 10% of the population. We don't know the value of their pension schemes and other investments.

2019 figures

Wealth deciles, BBC

https://ichef.bbci.co.uk/ace/standard/976/cpsprodpb/16553/production/_107657419_finalwealth_table-nc-2.png.webp

InterIgnis · 06/10/2024 18:24

category12 · 06/10/2024 18:22

Well some struggles are pretty laughable then.

Show quote history

Technically all can be, depending on your sense of humour and if the comedian is any good.

category12 · 06/10/2024 18:22

InterIgnis · 06/10/2024 18:18

once again: struggle isn’t a word reserved for the exclusive use of those with the least, however much you may like to believe that it is.

That something is a choice, a want or a need is irrelevant.

Show quote history

Well some struggles are pretty laughable then.

InterIgnis · 06/10/2024 18:18

category12 · 06/10/2024 18:11

No, because it's not a struggle. It's not a struggle to realise "oh dear maybe we can't stretch to our fourth holiday abroad this year" or "maybe I'll put off replacing the tesla for a couple of months" or "oh no, we have such a big house and lifestyle choices that we don't have much disposable income left". That's all choice.

If you can't afford your needs, that's a struggle.

Show quote history

once again: struggle isn’t a word reserved for the exclusive use of those with the least, however much you may like to believe that it is.

That something is a choice, a want or a need is irrelevant.

category12 · 06/10/2024 18:11

InterIgnis · 06/10/2024 17:59

Why? Because it doesn’t centre those with less? Why does it need to if those with less aren’t the topic of a conversation? Should those in poverty in the UK never speak on their struggles unless they piously check their privilege in comparison to those in poverty in Sudan then?

Someone with more than you can speak of their own struggles without you having to make it competition, or about you. Tbh I’d say it more tone deaf to consider yourself entitled to dictate someon else’s tone.

To struggle is to make one’s way with difficulty. It isn’t a word exclusively reserved for those with the least.

Show quote history

No, because it's not a struggle. It's not a struggle to realise "oh dear maybe we can't stretch to our fourth holiday abroad this year" or "maybe I'll put off replacing the tesla for a couple of months" or "oh no, we have such a big house and lifestyle choices that we don't have much disposable income left". That's all choice.

If you can't afford your needs, that's a struggle.

PigletJohn · 06/10/2024 18:11

LouDeLou · 06/10/2024 18:01

Well off only, wealthy looks A LOT different from that!

What percentage of the population are you prepared to describe as "wealthy?"

The richest 10%?

The richest 5%?

The richest 1%?

LouDeLou · 06/10/2024 18:01

Well off only, wealthy looks A LOT different from that!

InterIgnis · 06/10/2024 17:59

category12 · 06/10/2024 16:47

Claiming to be "struggling" to pay for luxuries is just tone deaf and wanky.

I daresay Jeff Bezos might "struggle" to encrust his rocket with diamonds but it's not actually any sort of struggle or deprivation, is it?

It's just greed and/or status stuff.

Show quote history

Why? Because it doesn’t centre those with less? Why does it need to if those with less aren’t the topic of a conversation? Should those in poverty in the UK never speak on their struggles unless they piously check their privilege in comparison to those in poverty in Sudan then?

Someone with more than you can speak of their own struggles without you having to make it competition, or about you. Tbh I’d say it more tone deaf to consider yourself entitled to dictate someon else’s tone.

To struggle is to make one’s way with difficulty. It isn’t a word exclusively reserved for those with the least.

PrimoPiatti · 06/10/2024 17:51

Possibly wealthy, rather depends on how leveraged they are.

If all the properties are mortgage free, and there is income other than from the BTL's then yes, wealthy.

RichTea90 · 06/10/2024 17:41

Wealthy