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To think the problem with wealth inequality is that rich people don't know how rich they are?

769 replies

Neeroy · 17/11/2025 09:04

Article in the Times today saying that people earning six figures 'don't feel rich'.

Because they are surrounded by six figure earning peers they are comparing themselves to people who have more rather than the 90% of the population that have far less. This is why the budget is poorly received in the news, because rich people think they already shoulder too high a burden when in fact compared to everyone else they still have far more disposable income. Even if they have to cut down on the number of holidays they go on. They aren't sitting in the dark under a blanket. Or only making food that doesn't require turning on the oven.

I don't think they realise how so many people have to live.

www.thetimes.com/article/1fb46414-8f65-436f-8f95-451d69626148?shareToken=8061d939633164c0dfbd805240c8e008

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Differentforgirls · 22/11/2025 20:01

Cornthin · 22/11/2025 15:46

you would judge them very negatively and be happy if they felt “shame” if you adopted same stance as on this thread

If people feel shame it’s not down to me.

Differentforgirls · 22/11/2025 19:50

Cornthin · 22/11/2025 15:20

I fear for your kids if they decide to really go for their career and work long hours @Differentforgirls

They will have you judging them with a curled lip and no doubt want to keep you at arm’s length

They do already. No children though.

Differentforgirls · 22/11/2025 19:45

Satisfiedwithanapple · 22/11/2025 15:19

Children don’t ask to be born to judgy narrow minded people either.

Irony.

Cornthin · 22/11/2025 18:53

percypiggy200 · 22/11/2025 18:38

Oh absolutely. Not just because of the hours but because he is essentially running things himself and he is happy and fulfilled - it was like night and day to be honest.

So In previous job he was working even longer hours but wasn’t happy and fulfilled?

percypiggy200 · 22/11/2025 18:38

Cornthin · 22/11/2025 18:33

I bet you were happy!

Oh absolutely. Not just because of the hours but because he is essentially running things himself and he is happy and fulfilled - it was like night and day to be honest.

Cornthin · 22/11/2025 18:33

percypiggy200 · 22/11/2025 18:32

A new job where he is more in control.

I bet you were happy!

percypiggy200 · 22/11/2025 18:32

Cornthin · 22/11/2025 18:30

he used to work more.

what made him work less @percypiggy200 ?

A new job where he is more in control.

Cornthin · 22/11/2025 18:30

he used to work more.

what made him work less @percypiggy200 ?

Cornthin · 22/11/2025 18:27

percypiggy200 · 22/11/2025 18:23

They think it’s weird we always have date night together and not with other couples. I don’t feel like I barely see him. He comes home at 8.15pm - I go to bed at 10.30pm - we are together all weekend. It has never occurred to me before this thread that other couples/families spend all weekend plus many hours a day together.

I think it’s weird your friends think it’s weird!

He is up and out from 6am for 14.5 hours a day. Sees his child almost not at all during the week. No doubt returns at 8.30 quite keen to decompress!

im surprised that it’s only once a week, especially as you’re in Dubai!

percypiggy200 · 22/11/2025 18:23

Cornthin · 22/11/2025 18:16

Your friends think it’s weird to go out for dinner weekly with a husband you barely see?

They think it’s weird we always have date night together and not with other couples. I don’t feel like I barely see him. He comes home at 8.15pm - I go to bed at 10.30pm - we are together all weekend. It has never occurred to me before this thread that other couples/families spend all weekend plus many hours a day together.

Cornthin · 22/11/2025 18:16

percypiggy200 · 22/11/2025 18:12

Everything! Sorry I feel like I have hijacked this thread!

Your friends think it’s weird to go out for dinner weekly with a husband you barely see?

percypiggy200 · 22/11/2025 18:12

ForJadeQuoter · 22/11/2025 18:04

What cuisines do you like?

Everything! Sorry I feel like I have hijacked this thread!

ForJadeQuoter · 22/11/2025 18:04

percypiggy200 · 22/11/2025 17:58

We go for dinner - we also both love food and wine and restaurants. Always just the two of us (maybe three times in a year with friends) - some of our friends think this is weird!

What cuisines do you like?

percypiggy200 · 22/11/2025 17:58

ForJadeQuoter · 22/11/2025 17:52

What do you do for date night?

We go for dinner - we also both love food and wine and restaurants. Always just the two of us (maybe three times in a year with friends) - some of our friends think this is weird!

ForJadeQuoter · 22/11/2025 17:52

percypiggy200 · 22/11/2025 17:46

Crazily so. My DH and DC are heaven on earth. DH and I have date night every week it’s the highlight of my week - we spend all our free time together - we just love to talk to each other - we’ve been together for 12 years and I have been adored all that time and I adore him. My little boy is the most loving, gentle, gorgeous soul. Sometimes I think that my time is running out in some way because I feel there is more happiness than is allowed and so I obsessively text my husband to check that his seatbelt is on for example 🤣

What do you do for date night?

Cornthin · 22/11/2025 17:50

DH and I have date night every week it’s the highlight of my week

I bet it’s the highlight of your week!!

percypiggy200 · 22/11/2025 17:46

Cornthin · 22/11/2025 15:47

Are you happy @percypiggy200 ?

Crazily so. My DH and DC are heaven on earth. DH and I have date night every week it’s the highlight of my week - we spend all our free time together - we just love to talk to each other - we’ve been together for 12 years and I have been adored all that time and I adore him. My little boy is the most loving, gentle, gorgeous soul. Sometimes I think that my time is running out in some way because I feel there is more happiness than is allowed and so I obsessively text my husband to check that his seatbelt is on for example 🤣

Arran2024 · 22/11/2025 17:46

Icebabyice · 22/11/2025 16:41

AI’s take on this…
It is not accurate to say that avoidant attachment types are more likely to be high earners; in fact, their attachment style can lead to financial difficulties, although the link is complex. Some avoidant individuals may be successful in their careers because they prioritize work over relationships, but others may struggle with finances due to avoiding them or engaging in compulsive spending to meet a perceived need for validation. Financial habits are often linked to emotional well-being rather than income potential.

I'm not saying that everyone with an avoidant attachment style is rich though. I should have made it clear i was responding to a previous comment from someone who queried why have children then work all day. I just knew plenty of people who hated spending time with their families and adored work. They paid staff (or had a stay at home partner who put up with their unavailability) instead.

Icebabyice · 22/11/2025 16:41

Arran2024 · 22/11/2025 16:18

Some people have an avoidant attachment style and having to spend time with their children is actually pretty difficult. A lot of these people will have very good jobs and will pay for nannies to give the children what they can't.

I have known plenty of people like this (I used to work for a bank in the City).

It is hard to overcome an avoidant attachment style. It makes sense for these people to prioritise working hard and paying for childcare.

AI’s take on this…
It is not accurate to say that avoidant attachment types are more likely to be high earners; in fact, their attachment style can lead to financial difficulties, although the link is complex. Some avoidant individuals may be successful in their careers because they prioritize work over relationships, but others may struggle with finances due to avoiding them or engaging in compulsive spending to meet a perceived need for validation. Financial habits are often linked to emotional well-being rather than income potential.

HeyThereDelila · 22/11/2025 16:35

@ForJadeQuoter they probably will.

We understand why- the country is broke and millions live in poverty, but it’s a bit annoying when our friends who both earn £80k+ each and have a far smaller mortgage than we do because they have more family money get free nursery hours and we don’t. But there you go, a line has to be drawn somewhere.

If DH stays healthy and working we’ll end up very well off. But the money while our DC were little would’ve been nice, and it would’ve been nice for them to have a house with a garden.

Arran2024 · 22/11/2025 16:18

Some people have an avoidant attachment style and having to spend time with their children is actually pretty difficult. A lot of these people will have very good jobs and will pay for nannies to give the children what they can't.

I have known plenty of people like this (I used to work for a bank in the City).

It is hard to overcome an avoidant attachment style. It makes sense for these people to prioritise working hard and paying for childcare.

OneAmberFinch · 22/11/2025 16:13

Neeroy · 22/11/2025 15:27

I'm not sure that's what I said. I believe I said that yes people have different expenses but being in a position where you have a £3k mortgage means you are rich enough to have got enough of a deposit together to buy the house and a high enough salary to get the £3k mortgage. That in itself is a decision the rich get to make that the rest of us don't.

I agree those two houses have different values depending on where they are in the country but to be able to make the choice to buy a two up two down in London for £750k is a decision rich people get to make. That is what people are struggling to understand.

I don't live in London because I can't afford to. My previous career would have progressed greatly if I'd worked in London. But I couldn't afford to live there so I took a sideways step and will never achieve £100k salary. Those are the sorts of choices non rich people have to make.

Rich is being able to make a decision to take on a £3k mortgage and not knowing how rich you are compared to the rest of the population is complaining that having such a high mortgage leaves you with not much at the end of the month. Like the rest of us but from a relatively much lower starting point.

Look I don't disagree. I know I'm fortunate.

However in this example I'm actually comparing literally the same house, or say 3 houses right next to each other. One recently mortgaged, one mortgaged 20 years ago, one social rented.

Those houses cost vastly different amounts (thousands) in terms of monthly cashflow. Even if you just look at interest i.e. the rent equivalent.

And it doesn't buy any extra utility - there's no lifestyle inflation involved in living in number 21 vs 23 vs 25. You're all on the same house in an equally nice street equally close to London's amenities etc etc.

I don't disagree that money gives options, I'm not saying I'm on the breadline, etc, I'm just reacting specifically to your earlier point in the thread about how it is not reasonable to consider disposable post-housing income only. I agree if we're talking about someone who says they're cash poor because they bought a mansion but that isn't the example I'm talking about here.

ForJadeQuoter · 22/11/2025 16:11

HeyThereDelila · 22/11/2025 16:09

DH earns (good) 6 figures. We live in a 3 bed terrace, haven’t been abroad for three years, our baby DD won’t have her own bedroom, we have one cheap leased car. Our house has a tiny paved yard, with no garden. We won’t get free nursery hours because of DH’s earnings so need to find £1600 a month for nursery (and that’s fine, a line needs to be drawn somewhere). We have a big mortgage because we don’t live far from London, but we have to live here because it’s commutable for our London based jobs. Our pension pots are small because of sick leave, unemployment, nursery bills for DC1 and DH starting a new career at 30. We’re certainly not able to pump loads in to our pensions for the tax relief.

We don’t come from wealthy families and are state educated, so have no capital or private wealth. I earn an average salary. Because we didn’t come from well off families we saved up our own (modest) house deposit, so missed the era of low interest rates and have high housing costs. We are unlikely to be able to afford a third child.

DH earns well but it’s long hours, stressful, takes him away from home and he spends huge amounts on travel.

We’re fortunate in that we can afford good food, the heating bill and to pay for days out and extra curricular activities for the DC. But we’re not rolling in it. The only people we know who seem genuinely flush are our small handful of friends with millionaire parents who bought them a house to avoid IHT and couples where they both earn seriously big money. None of this is to say “woe is us”- we know we’re better off than 95% of the population- but it doesn’t go far nowadays.

Exactly. I hope labour don't increase your taxes.

HeyThereDelila · 22/11/2025 16:09

DH earns (good) 6 figures. We live in a 3 bed terrace, haven’t been abroad for three years, our baby DD won’t have her own bedroom, we have one cheap leased car. Our house has a tiny paved yard, with no garden. We won’t get free nursery hours because of DH’s earnings so need to find £1600 a month for nursery (and that’s fine, a line needs to be drawn somewhere). We have a big mortgage because we don’t live far from London, but we have to live here because it’s commutable for our London based jobs. Our pension pots are small because of sick leave, unemployment, nursery bills for DC1 and DH starting a new career at 30. We’re certainly not able to pump loads in to our pensions for the tax relief.

We don’t come from wealthy families and are state educated, so have no capital or private wealth. I earn an average salary. Because we didn’t come from well off families we saved up our own (modest) house deposit, so missed the era of low interest rates and have high housing costs. We are unlikely to be able to afford a third child.

DH earns well but it’s long hours, stressful, takes him away from home and he spends huge amounts on travel.

We’re fortunate in that we can afford good food, the heating bill and to pay for days out and extra curricular activities for the DC. But we’re not rolling in it. The only people we know who seem genuinely flush are our small handful of friends with millionaire parents who bought them a house to avoid IHT and couples where they both earn seriously big money. None of this is to say “woe is us”- we know we’re better off than 95% of the population- but it doesn’t go far nowadays.

ForJadeQuoter · 22/11/2025 15:54

I feel too often on MN there's politics on envy. I remember a thread a few years ago where people were upset about how high the bonuses are in finance.