If you could save this amount each month, would you think that was in a decent wealth bracket?

It depends what she classes as savings. We save around £1.5k per month but most of that is towards annual bills, tax as I'm self employed, uni costs for my daughter next year and holidays. Our rainy day savings are only about £10k and we will still have a borrow to buy a car.

Anyone that can save that amount is well off.

Yes, and other factors may be whether a family saves upfront to buy big ticket items like cars and holidays rather than using PCPs and credit cards.

It's a good position to be in. But exactly how good it is depends on what the "savings" have to cover. We put similar into savings, but it has to cover all unexpected bills: home maintenance and improvements, car repairs, replacement of cars at end of life* etc. etc.

*We own out cars outright and buy used, whereas others might have leases or loan repayments and only count savings after those costs.

I agree with the others, totally depends where they are in life. At the moment that much would be amazing for me but I already have a mortgage and have two children in childcare so I'm broke month to month despite us both having fairly decent jobs, not six figure but above average. Once the youngest starts school I'll be able to save that much without making any adjustments to my lifestyle so will feel wealthier.

Depends what other assets she has. If has no pension for example. If saving for a house deposit.

I don't think the amount you save reflects your wealth bracket.

I'm a naturally frugal person so tend to save a lot. I have friends who earn more than I do and have a more affluent lifestyle.

I would say wealth is more related to material assets and regular income.

It depends. Plenty of people who wouldn’t consider themselves wealthy spend that sort of money just on childcare. If she doesn’t have things like that to pay for, she can save a decent amount whilst still earning a reasonably average salary. It’s not a competition. If you can’t save more than £250 because you don’t have any more left in your budget then it is what it is.

We save a lot but as we always say - much of it is just what many other people are spending simply on the basics for their children, which we don’t have.

We put 1600 away a month in savings. We then keep a set amount there in case of a job loss, and the rest gets dipped onto from time to time as we build it to make large purchases or do work in the house etc.

Sounds like a lot and is a lot but 12k a year assuming you don’t touch it really doesn’t get you much in the grand scheme of life changing or even house upgrades or renovations.

If you need 50k deposit for a 500k house saving 1000 a month means it is going to take over 4 years, and if you need car repairs or worse a new car in that time it will take longer so then a 1000 per month is necessary. If however you already have the 500k house with a 200k mortgage and your kids don't need childcare and you already have a years living costs as an emergency fund and up-to-date pensions then saving another 1000 plus a month is the way to wealth as it can be invested it is not being saved in order to spend later

I can save a grand a month but this is due to low outgoings not high earnings. I am not wealthy by any stretch but I am currently financially comfortable. I am about to buy a flat, though, so this will put spanner into works and, instead of saving, I will be redirecting everything into my mortgage overpayment. So, hopefully, I will be financially comfortable again in 7 years or so.

It depends on your lifestyle and salary in general it is often suggested that people use the 50:30:20 rule when budgeting.

50% on needs
30% on wants
20% on savings/ debt repayment

why not complete a budget plan and see where you are.

Depends really.

primarily it depends if you have any assets and you’re just saving for savings sake, that could be a position of wealth.

Someone having to save a grand a month to get a house deposit, not especially wealthy.

a teenager on nmw who lives at home with their parents could quite conceivably save a grand a month, I wouldn’t describe them as wealthy at that point.