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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:
PounceDown · 26/01/2025 15:06

PounceDown · 26/01/2025 15:02

53% and I am so grateful for all of it!

41% after housing

TangledandEmbrangled · 26/01/2025 15:05

13% after housing. Five months ago we would have been 60% after housing, but dh was made redundant and there are no jobs in his field, so he had to take what he could get. (Didn’t get any redundancy as the company he worked for deliberately screwed him and others over, in a very clever way that was just the right side of legal.)

I am disabled and unable to work, as are 2 of my dc, who are both adults. Although apparently they can’t be included as dependents on that calculator, despite neither of them having an income, so in reality we’re probably lower than 13%.

Thankfully we had no debt, although we do now thanks to the aforementioned employer screwing up dh’s payroll last year, landing us with a large tax bill we can’t cover because they made him redundant.

We are still adjusting to living within our new means, but thankful to have what we have and fully aware that many are much worse off.

Notellinganyone · 26/01/2025 15:05

96 % - two teachers. Definitely don’t feel it!

Alainlechat · 26/01/2025 15:04

Mine came at 57% which I was surprised it wasn't higher given that I earn 6 figures. It has to cover 3 adults and 2 late teens maybe that is why.

boxyboxs · 26/01/2025 15:03

People on higher incomes give plenty…it’s called tax.

depends how remuneration is structured

"Using anonymised data from personal tax returns, we show that in 2015-16 the average rate of tax paid by people who received one million pounds in taxable income and gains was just 35 per cent: the same as someone earning £100,000. But one in four of these paid 45 per cent – close to the top rate – whilst another quarter paid less than 30 per cent overall. One in ten paid just 11 per cent—the same as someone earning £15,000. The rich, it seems, are not all in it together."

PounceDown · 26/01/2025 15:02

53% and I am so grateful for all of it!

Cathmawr · 26/01/2025 15:02

6% 😁 I don't feel we are poor though; we're extremely careful but we eat well, overpay our mortgage and save each month. We have both dropped a couple of days in work whilst DD is a baby/toddler so I guess that explains why it is so low right now. Now I'm feeling quite proud of our frugality!

user1471538275 · 26/01/2025 15:01

The bar at the far left side indicates that 1/2million households live on £0 per week.

How does that work in the UK where Universal credit exists?

That's weekly income, not considering any expenditure.

How do you live on £0? How do you buy food/pay rent/bills?

Even an Asylum seeker gets £49.18 for each person in their household a week or £8.86 if meals are provided.

A single individual on Universal credit gets £78 per week

Bubblyb00b · 26/01/2025 15:00

66%, really surprised as I'm always skint

tachetastic · 26/01/2025 14:59

If I take the dependent kids off we go up to 99%.

Six years and counting……… 🎉🤣

Whatevershallidowithmylife · 26/01/2025 14:55

Where is the % I can't see it 🤣

Retirementsoon · 26/01/2025 14:55

93% but I live alone on reasonable income and have no mortgage.

TheOtherAgentJohnson · 26/01/2025 14:54

Notgoodatpoetrybutgreatatlit · 26/01/2025 14:11

@TheOtherAgentJohnson
No what I think is that even well off people aren't that well off judging by what folk are saying here. My household according to this calculator is very well off but there are still % points available above us. In order for that to be correct assuming the calculator is accurate, and I don't frankly have the maths to work it out, there must be a top 1% or .5 % who are very very rich. Thus making even the well off not so well off.
Actually I believe our country is very unequal and that is very ecomically unhealthy, in so many ways.

But the calculator puts my household in the top 10%, even though neither of us is a high earner. We all know there's a tiny number of super-rich, but for people like me to be in the top 10%, there must be loads of people on terrible incomes.

Yes, the country is insanely unequal, and it's terrible for everyone overall, but people keep voting for it.

Didimum · 26/01/2025 14:53

94% (net income, I think a lot of people on here are entering gross).

93% after housing costs.

97% taking away our two dependent children.

FoxtonFoxton · 26/01/2025 14:52

93%

financialcareerstuff · 26/01/2025 14:49

@shuggles yes I understand your point about rich people being oblivious and idiotic. And the food analogy is an excellent one.

However, There are just as many people here confused by why they are scoring on the lower side, who feel better off than their percentile is saying.

The point Im making is different to yours... that's that the info being gathered doesn't provide a clear reflection of anything, from a statistical point of view.

(As a sideline, It is also harder to define 'choice' beyond the extreme obvious points (private school, holidays etc)..... you say nursery costs are a choice. Not if you have no family support and need to work and are trying to climb out way out of the benefits system ... , unless of course all children are choices, which technically they are... unless you are in an abusive marriage or lack the education and empowerment to manage your contraception. .. most tend to see at least 1-2 children as a right, and choice' kicking in on child 2-4, though this is extremely cultural. Debt payments? If it's for a Mercedes? Sure, but Often it's poorer people's only way to purchase key items like a fridge. Repairs/building? If it's a kitchen extension, obviously. If it's to get the f'ing mould out that is making your child's lungs collapse, because you are forced to live in a shitty apartment- not so much choice.

There are multiple 'taxes on the poor' like this that are rarely measured and force expenses up for those who can least cope with them. Supporting others- because you are part of communities with far, far less and know personally a large number of people who are desperate, is another....

Scirocco · 26/01/2025 14:48

StormingNorman · 26/01/2025 14:46

People on higher incomes give plenty…it’s called tax.

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

Crikeyalmighty · 26/01/2025 14:47

83% - highish income, but high housing costs

TunipTheVegimal24 · 26/01/2025 14:47

PandoraFrontier · 26/01/2025 14:25

Does it? We don’t have sky, car loans etc.

That’s just living. It could be less, granted. You absolutely live within your means. If I take annual costs into account, it’s probably more like 5k.

running 2 cars, 2 children in extra curriculars, and then general household bills (mortgage, gas, electricity, water, CT, food yada yada), gym memberships, personal hobbies (golf), that’s the outgoings.

it could be less like I said, if we had to we’d give up the gym and golf, children wouldn’t be able to do extra curriculars, go down to one car etc.

I was just really trying to explain why those in the 90% range don’t actually feel rich.

🤦‍♀️

SnarkSideOfLife · 26/01/2025 14:46

Papyrophile · 26/01/2025 14:42

We're at the lower end of the top third, but I misread the instructions first time round and used gross figures. Which gave an impressive, but completely incorrect, result.

Oh, ooops, I did this too! Ha ha. I must be lower down though which makes more sense.

StormingNorman · 26/01/2025 14:46

Scirocco · 26/01/2025 14:37

The global rating questionnaire posted earlier may be quite thought-provoking for people, in terms of reflecting on how fortunate many people are and how much of a difference could be made by charitable giving from people with incomes in the higher percentages.

People on higher incomes give plenty…it’s called tax.

Quiinkong · 26/01/2025 14:44

InDogweRust · 26/01/2025 14:19

We are really high which doesn't surprise me as both DH and i earn loads.

We pay loads of tax though. I think a lot of lower earners don't realise how much tax comes off higher salaries. Someone on £120k doesn't take home twice what someone on £60k does.

£120k - take home £75k
£60k - take home £45k

The extra £60k costs you £30k in tax.

The amount of tax is madness! No one should be paying that much tax, it's just wrong.

tachetastic · 26/01/2025 14:44

95%, but this doesn’t take into account school fee so we certainly don’t feel it.

UnimaginableWindBird · 26/01/2025 14:44

22%. Which is about right. By Mumsnet financial standards, we are simultaneously living an deeply unenviable ife (no car, no babysitters, not much in the way of travel, very cheap somewhat ramshackle house on a council estate) and also living in unfathomable luxury (mortgage paid off, DH took early retirement, my job is fun and fulfilling, catchment area of excellent state schools, home a short walk from city centre of highly desirable city, relatives in delightful holiday locations, easy access to cultural amenities).

TunipTheVegimal24 · 26/01/2025 14:43

AsACloud · 26/01/2025 14:10

98% which doesn’t feel right, given how many millionaire's there are in this world! Very aware how fortunate we are though.

The richest 1 percent have more wealth than the bottom 95 percent of the world’s population put together. So the scale is quite skewed - the top 1%, are richer than the average person could imagine.