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AIBU?

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Original poster

Household income. Where are you?

416 replies

chonka901 · 26/01/2025 11:43

https://ifs.org.uk/toolsanddresources/wheredooyoufitt_in

Using this link and putting in everything joint net income ,including child benefit and maintenance which I think it takes into account. It has us at 73 percent. Not a stealth boast before any states that. Genuinely surprised.

I certainly don't feel like this but appreciate people survive on less. It doesn't take into account mortgages, rent, generational wealth, inheritance, childcare etc so is a guide.

It is eye opening though.

I feel poor compared to my friends though. We definitely are not the London elite. Just public sector workers in the North. I guess the maintenance helps. My friends must be in the top 20 percent.

OP posts:
PigInAHouse · 26/01/2025 22:26

TheDefiant · 26/01/2025 22:25

There's something wrong with this calculator.

I did it this morning and got 73%. I re did it this evening - exact same figures and the result was 87%

How can that be?

Yep, it’s completely flawed. I’ve had 3 different results with the same figures. Not sure any of the answers can be relied on.

TheDefiant · 26/01/2025 22:25

There's something wrong with this calculator.

I did it this morning and got 73%. I re did it this evening - exact same figures and the result was 87%

How can that be?

Temporaryname158 · 26/01/2025 21:24

26%

financialcareerstuff · 26/01/2025 21:07

rainbowunicorn · 26/01/2025 17:55

It is appartant from the replies that a huge amount of people haven't read the instructions on what to include. They also don't seem to understand that it is solely an income calculator. Typical for mumsnet right enough. The reading comprehension on most threads is dire at the best of times. It doesn't matter what you drive, whether you are sending the kids to private school or have huge mortgage none of these change your income.

You know if you are going to be so snarky and patronising about people's language skills. you really should make sure your post is correct, rather than having blatant spelling mistakes, and clearly having failed to understand what you have been reading.

There are two possible calculations on the link given. If you click the box at the bottom of the first page, then it takes you to questions also about your costs, and is no longer solely an income calculation. Many of the people on the thread are talking about their results from the second calculation....

modernshmodern · 26/01/2025 20:52

70% we are ok but not high earners

Angrymum22 · 26/01/2025 20:47

97% but we are retired and have a very small mortgage and live in a modest house. So running costs are low.

Newmumatlast · 26/01/2025 20:37

boxyboxs · 26/01/2025 12:06

To get 95% plus doesn't your income need to be 220k plus?

No. If you pay lots into pension your take home after tax may be higher on less income than that

timetodecide2345 · 26/01/2025 20:35

Ah ok it's net income that makes a significant difference. Ours has gone down to 82% now

peuisgkres · 26/01/2025 20:34

97% but I didn't take tax off, I have no idea what it is after tax really

The amount that goes in your bank....?

timetodecide2345 · 26/01/2025 20:31

Higher income than 94% of the population. It seems strange because we are still careful with our money and older daughter brings in her income but also tends to spend it doing exactly what she likes rather than contributing to the household costs. I would rather she saves.

Autther · 26/01/2025 20:27

97% but I didn't take tax off, I have no idea what it is after tax really

meltingmyhead · 26/01/2025 20:17

47% without housing, 23% with housing. Hate renting!

Youngheartsalittletogetherness · 26/01/2025 19:33

Vgtasd · 26/01/2025 11:59

39percent, I'm poor and I know it

Don't need to do a percentage to know we're poor.

Papyrophile · 26/01/2025 19:28

It's a very imperfect rough gauge IMO. Because there are no questions about assets, it completely misses the right tools for measuring people like me. I am 68, we own our house without a mortgage, and we have saved into a DC pension plan for almost 40 years. Hopefully we shan't cost the state a bean, and if we need care, our house will cover about 10 years of it, at £60k pa. But before I get that needy, I am shunting money, inheritances and any spare cash now at my DC, while I should live another seven years. DC are too young to have so much, but I have to trust that they will use the money sensibly.

TunipTheVegimal24 · 26/01/2025 19:13

rainbowunicorn · 26/01/2025 17:46

You are supposed to include savings interest as part of the income section

Show quote history

Lol yes, that's what I was saying!

Lettucepray1 · 26/01/2025 19:06

The data for this tool are from August 2022. A month before the economy, CoL and inflation went bonkers! I don’t think it’s very accurate any more.

Quiinkong · 26/01/2025 18:52

Scirocco · 26/01/2025 14:48

Just think what 10% of the wealth of people like Musk, Bezos, et al could do for global inequality, though...

Show quote history

Yeah but the government and the super rich don't want equality amongst us, how else can they continue to tell us what to do it we're equals

80smonster · 26/01/2025 18:24

97%.

Ivyiris · 26/01/2025 18:19

Should add both NHS definitely feel in the middle. Quite happy with where we are. Could easily earn more but part time and flexible for childcare.

Ivyiris · 26/01/2025 18:16

45%

RareMaker · 26/01/2025 18:13

54%

Definitely feel poorer than that

Wells37 · 26/01/2025 18:10

28%

CautiousLurker01 · 26/01/2025 18:04

AndSoFinally · 26/01/2025 17:58

86% with housing costs, 93% without

Goes up to 98% if I take out the kids, so just need to bide my time 😊...

I took mine out and it made no difference! Not telling them that, though!

FindusMakesPancakes · 26/01/2025 18:04

I know we are top 1%ers, don't need a calculator to tell me. But there is still a gulf between us and oligarch type wealth. We are very, very comfortable but nowhere near that!

pelargoniums · 26/01/2025 18:01

PigInAHouse · 26/01/2025 16:57

Just to point out that I’ve done it 3 times using the same figures and got 3 different percentages, so I’m not sure how accurate the calculator is.
I also got a lower percentage when I mistakenly used my gross income than when I used my net income. I think the whole thing is flawed.

I might keep doing it till it tells me everything’s going to be fine and I’m sitting pretty 😎

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