Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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:
MySweetGeorgina · 26/01/2025 14:14

26 and yeah we don’t make it to the end of the month

DH not worked for 2 years, and DS and I only work 24hrs a week

life is so expensive as well

PigInAHouse · 26/01/2025 14:14

97%

WaryCrow · 26/01/2025 14:14

Scirocco · 26/01/2025 13:23

I think you might be mis-reading. Saying something is useful is not the same as saying it's necessary.

Why do you dislike SUVs so much? They're perfectly reasonable cars for many people to drive.

While I recognise a genuine benefit for SUVs in the Scottish Highlands, surely you can’t be totally oblivious to the changing climate up there and the contribution excessive, unnecessary, consumption is making to that. Far too many drive these cars as prestige statements. For the record I recently got to work in the amber snow warning in my little c1.

I love the displays of snobbery from out-of-touch wealth on here, hope you also realise the social damage you are doing. If of course that’s not deliberate and the aim of the thread. And then you wonder why so many now are turning away from this economic system that forces so many to work for nothing.

Goldenbear · 26/01/2025 14:13

92% surprised as definitely doesn't feel like that.

WellerUser · 26/01/2025 14:12

Teateaandmoretea · 26/01/2025 14:03

But you have to deduct tax and NI and add on child benefit. Unless your 50k is net each when gross will be circa 140.

I put in two adults on £50k, no kids still makes it 89th percentile after tax.

My point is that two people earning what they think is good money are still better off than the vast majority of the population but probably don't feel that way.

StarCourt · 26/01/2025 14:12

49% which feels high as i'm a single parent but in the last 12 months I have started to receive PIP and my daughteR DLA which has increased income considerably. Taking that off I'm at 28%

Saurus72 · 26/01/2025 14:11

98% - we’ve done individual earning % calculations before so not a surprise. I know we’re very fortunate.

Whelmed · 26/01/2025 14:11

11%. Not a surprise tbh!

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.

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.

littleluncheon · 26/01/2025 14:10

PandoraFrontier · 26/01/2025 13:10

I don’t think people realise how much money that is. It’s around about 110k a year. That actually isn’t a lot of money if your outgoings, like mine, are around 4.5k a month which isn’t really excessive. Yes like the PP says you don’t have to worry but you’re not rich.

Rich to me is designer clothes, a mansion, brand new expensive car annually, many many expensive holidays a year, second or third homes (and I have friends who do have that. Trust me our lifestyles are very different).

Richer than 94% and able to spend loads of money? Not having to worry is surely the definition of rich and something the vast majority of people can only dream of.
How fortunate you are to be able to spend £4.5k every month.

Of course there will always be someone richer than you unless you are Elon Musk.

TunipTheVegimal24 · 26/01/2025 14:10

ManchesterLu · 26/01/2025 13:26

6%. But that doesn't tell the whole story. We have no mortgage, and have other assets. That's just taking into account our monetary income.

You can check a box at the bottom, which does the calculation based on housing costs too.

financialcareerstuff · 26/01/2025 14:10

This is an extremely blunt instrument - doesn't clearly factor in energy costs, repair costs, car costs, or primary mortgage payments, ... and doesn't distinguish between kids with nursery care costs, versus in full time state education, versus private school etc..

So it in no way reflects how much money you will have at the end of each month. Neither does it ask about savings/ debt (or debt repayments) so is not measuring your overall wealth either...

So, some will get low scores on this, while feeling relatively comfortable, and others will get high scores while feeling relatively stretched.

I suspect they are just trying to use this tool to collect data about people... the 'where are you' result is a freebie hook to give you an incentive to fill it out.

shuggles · 26/01/2025 14:08

@Teateaandmoretea According to this we’re only just above average. I currently do all the above and am far from skint. Well apart from the luxury home.

If you are just above 50% and do not feel skint, then that suggests you are a normal person who has your head screwed on and can manage money.

Unlike the people on this thread who are above 90-95% and claim to be living in poverty.

TunipTheVegimal24 · 26/01/2025 14:08

24%

God help those on lower.

Frowningprovidence · 26/01/2025 14:04
  1. I feel pretty wealthy so expected to be quite a bit over 50.
Teateaandmoretea · 26/01/2025 14:04

shuggles · 26/01/2025 14:02

@WellerUser This is why even the high earners feel they're skint.

The high earners feel skint because every single one of them in this thread is essentially saying "well I don't have any disposable income left after I have paid for everything."

Well no shit, because that's the sole application of money- for buying things.

It's like saying "I don't eat much food because there's no food left after I have eaten 2 McDonalds, 2 chippies, and 3 Chinese takeaways today." The logic is completely bonkers and unhinged, which would suggest that high earnings is not positively correlated with intelligence.

If you're taking 2 holidays a year, spending loads of money on an ugly car, putting huge amounts of money into a mortgage for a luxury home, spending money on hobbies, buying new clothes, buying phones and other tech gadgets, eating out on a regular basis, sending children to a private school... then no, you are not skint.

According to this we’re only just above average.

I currently do all the above and am far from skint. Well apart from the luxury home.

Billbo46 · 26/01/2025 14:04

Cartwrightandson · 26/01/2025 13:58

Theres a button to press above calculate that says

Check this box if you would like to calculate your place in the income distribution with housing costs deducted

Click on it to add your housing costs.

Also make sure your household income is minus all tax

We were 31%. Then I put in our housing cots and we are 9%. The housing cost are important.

Teateaandmoretea · 26/01/2025 14:03

WellerUser · 26/01/2025 14:00

That's the number I put into the calculator. Two adults on £50k each.

But you have to deduct tax and NI and add on child benefit. Unless your 50k is net each when gross will be circa 140.

shuggles · 26/01/2025 14:02

@WellerUser This is why even the high earners feel they're skint.

The high earners feel skint because every single one of them in this thread is essentially saying "well I don't have any disposable income left after I have paid for everything."

Well no shit, because that's the sole application of money- for buying things.

It's like saying "I don't eat much food because there's no food left after I have eaten 2 McDonalds, 2 chippies, and 3 Chinese takeaways today." The logic is completely bonkers and unhinged, which would suggest that high earnings is not positively correlated with intelligence.

If you're taking 2 holidays a year, spending loads of money on an ugly car, putting huge amounts of money into a mortgage for a luxury home, spending money on hobbies, buying new clothes, buying phones and other tech gadgets, eating out on a regular basis, sending children to a private school... then no, you are not skint.

lifeonmars100 · 26/01/2025 14:02

Can't be bothered to waste the energy to have what I already know confirmed. Always been near the bottom of the heap but this does not define me as a person.

EilonwyWithRedGoldHair · 26/01/2025 14:01

21%

It's interesting to do.

WellerUser · 26/01/2025 14:00

Teateaandmoretea · 26/01/2025 13:49

You aren’t 91st centile on 50k each with 2 kids. We earn more than that.

That's the number I put into the calculator. Two adults on £50k each.

BobbyBiscuits · 26/01/2025 14:00

It didn't work when I did it. None of the household bills are in my name but I contribute towards it. But so does another person as well as the Bill payer. Oh well. I know I'm broke anyway! 🤷

Teateaandmoretea · 26/01/2025 13:59

WellerUser · 26/01/2025 13:58

Well I put that amount and council tax costs into the calculator and it came up as 91%. This seems reasonable as the 40% tax level has unofficially affected the top 10% of earners. Where did you get your figures from?

Edited

Are you using gross not net?