To be shocked that 50k in savings is seen as ‘ not much in savings’ - maybe on mumsnet - but think about how people are struggling to put food on the table.

@DingDongJingle same! high earner with 2 children, one with disabilities. i have no social life

I think many MNetters are tone deaf when it comes to money. They like to say things like 'Oh poor me, where does my £5000 monthly income disappear to? I can't make ends meet.' Etc etc ad nauseum.
Then there are a whole swathe of people who are really struggling. And who probably don't talk about their finances so much because it's harder to admit you're not doing so well. We'd all do well to remember these people next time we are tempted to boast about our salary or our pension or our savings.

I am not saying nobody on mumsnet earns 100k+.

People earning 100k+ are 4% of the general population and yet when a thread about salaries comes up on here it seems like more than half of mumsnet earns more than that with the other half not being too far behind.

Wifi isn’t the expensive luxury it once was 4% of the population should be 4% of mumsnet but barely anyone on here wants to admit to earning sub 60k.

You either genuinely believe mumsnet has an exceptionally wealthy user base despite it being a free to use site or you accept that there are a significant number of bullshitters on here

Most of my friends do talk about money openly, plus quite a few are on benefits so they aren't allowed savings over a certain amount. So yes, I do know.

How on earth do you know? I wouldn't tell my parents/sibling/best friend exactly how much I had in savings, let alone every random friend and acquaintance.

You might know multiple people with that and more, they just don't go round telling people.

There are also those of us that aren’t British, and don’t live in the UK.

So you’re not a high earner are you…..someone else earns for you….giving you lots of piss about time 🙄

The PP mentioned high earners, not SAHMs 😳

I’m a SAHM because DH earns well, and I have plenty of time to ‘piss about’ on MN.

Yes but what does that 4% equate to in actual numbers?
For London if we assume population of 8.9million, assume 50% of working age and then take 4% of that - gives us about ~222.5k people. Being v generous about 50% being women that's still 110k women.... Is it really so hard to believe that a fraction of us are on here?

That's not considering the numbers who work in London commuting in, or the rest of the country. Plenty will have some downtime to post, esp during maternity leave....

FACT? You know a lot of wealthy people aren’t on PAYE? Those stats are missing great swathes of people earning a lot more money.

Of course £50k is a lot of money but in the context of your thread it is not. Context is key.

Theres a lot of wealthier people on here. Sure, there’s undoubtedly a number of liars, but I doubt that number is as great as some (would like to) believe.

As an aside, not everyone who has wealth on here will have it through a career, or through a career that requires them to work long hours.

Top 1% earner here, and I have plenty of time for mumsnet 😁

my social life is shit though, so maybe that’s the tradeoff

There’s a lot of bullshit about money on Mumsnet.

Check the salary threads, everyone claiming to earn 100k “it’s child abuse to have children if you don’t earn 100k your family will be impoverished”.

FACT only 4% of the uk population earn over 100k.

But sure ill keep believing that 4% all choose to spend their time congregating on Mumsnet while the other 96% seemingly don’t know Mumsnet exists

Im a high earner with a shit social life, due to a disabled DC. Hard enough getting child care for him in working hours, let alone for a night out 😂

Very true, I know quite a few high earners, if I ever mention mums net, they always laugh at me!!

High flyers work long hours and enjoy active social lives, they are not on here!

OP your £50K is a well above average nest egg, good for you!

It's a crazy world on here. I asked here once about how best to invest our 20k savings and was told it wasn't enough to worry about investing, it was a tiny amount. I was pretty insulted! We saved for ages to build that up. I don't know anyone with loads of money in the bank.

They all seem to have massive pensions and plan on retiring at 55 as well. I can’t even afford to make the standard pension contribution!

And most of those who brag on here don't have any savings anyway - pure fantasy - sure a few might, but the vast majority are just living out a fantasy life on the forum.

Quite. People actually earning what people on here claim to earn, don't have time to piss about on mumsnet.

Surely it depends on lots of different factors? Age, income, the amount left of your mortgage, your pension pot etc.

It might well not be enough for them- depends on their outgoings and aspirations.

I have adhd and sometimes I am v v literal in my understanding!

Ahh. This explains some of your unusual/different replies to people making perfectly valid comments OP!

I went in to the bank a few years ago to put some money in. At that time I had 30k in savings.
The bank cashier said well done having 30k, no one has that round here.
I think it is a good amount of money.