Is this a (financially) middle class household these days or not?

Their mortgage might not be huge if equity is 350k. Mortgage might be 200k

Football is no longer confined to the working class - it’s very much entrenched in the middle classes, too!
Love Island - no idea, I don’t know anyone who watches it.

I think it would be capped at between £120k and £150k, so a 20 year mortgage at 4.5% for £150 would just about make it the right number I think?

A class bun fight!

The mortgage is the giveaway because:

if you divide society roughly into three - the poor, the rich and the middling sort

then the poor do not have mortgages. They rent, either private rent or council

the rich own outright.

the middling sort have a house that they have a mortgage on.

Very middle class/ well off. Low mortgage payment, high equity, large disposable income, large house.

It's more than double minimum wage so I'd say on finances alone it is a middle class income.

Definitely

Someone please class me. Shit job but married to man with a good job. Social circle very mixed. Like doing some things seen online described as pretentious and extremely middle class like making elaborate healthy dishes and forcing my kids to eat them. Like going on hikes. Like loads of stuff that was described as middle class on some other thread I read but had a kid at 16 so apparently underclass (read that on a thread too). Hate football hate love island.
anyway if you read all that please class me

Err because you’re not working class just because you work. A senior partner at a law firm will rely on their earnings to survive but is clearly not working class due to income and education levels.

Mortgages can be 4.5x income.
No idea why you think the max is £70k on a £30k income

A BMW these days seems more nouveau riche than middle class - happy to be corrected on that.
But class is a combination of all these subtleties and nuances - none of which should really matter.

I would say yes, £5200k a month and for 1 person, did you say? Yes, absolutely. Mortgage repayment is low (I was paying £1k+ a month in rent as a single person from about the age of 25), but a lot of equity.

By comparison, I’d say Dh and I collectively earn probably about £5k a month (as company directors so slightly different set up). We have 2 dc, so family of 4. Our mortgage is £1700 pcm on an £800k house (I’d guess about £500k equity at this point).

We are definitely middle class! But I’d say we’re very culturally middle class before financially we were in this position. Both privately educated, well traveled, professional careers, very middle class hobbies and social networks. Financially though I think that’s quite comfortable and secure.

@Yealp Did you just get here from the telegraph?

No. It is quite evidently under class, not even reaching impoverished lower working class.

I think some people just know.

I’m absolutely working class. I grew up in a deprived council estate in the NE of England, on a diet of turkey twizzlers and chips. I spent my childhood playing out until my mum bellowed her kids names into the street, and my teenage years drinking in a park.

My income now is reasonably high. But I’d never drive a fancy car because it wouldn’t suit me. We still go on caravan holidays. If something goes up in price by 50p I’m not buying it. I’ve got a professional role, and a thick northern accent.

You just can’t take the working class out of some people.

But it surely must be a shorter term as his loan would be capped at £70k ish based on his income? Is it 12 year mortgage term?

We have the same net income per month, mortgage of £1200 with about 250k equity. Own our own business. We are 100% working class from working class families.

We have 1 car (a beaten up 15 year old wreck) so no fancy BMW etc and 1 holiday every 2 or 3 years. We do live in a higher than average UK cost of living country though.

I think I would be upset if people though I was middle class 😂

Because like you, they don’t understand it. And they have probably never experienced or recognised class prejudice.

£1,000 a month seems really low for a mortgage on a 4 bed detached house. That's the rent for a one bedroom flat in my Northern city.

My mother was a stay at home mother and my dad always had different jobs (is he even relevant they divorced early on?) I definitely think I have a middle class vibe based on other threads I’ve read like with hobbies. Very interesting.
But how are people out here saying with confidence what class they are even if they’re income doesn’t match up?

My mother was a stay at home mother and my dad always had different jobs (is he even relevant they divorced early on?) I definitely think I have a middle class vibe based on other threads I’ve read like with hobbies. Very interesting.
But how are people out here saying with confidence what class they are even if they’re income doesn’t match up?

@Zobra a whole host of things inc. your parents occupations, your occupation, education, social circles, and even vocabulary. It's complex 🤣

Money and income has nothing, in itself, to do with class. Look at John Caudwell, one the richest people in the UK and yet he’s firmly working class. His children might not be, but he is. Same with the guy that owns Pimlico Plumbing. Or footballers. All of the money makes no difference.

If you have to rely on your earnings to survive each month how can you not be working class?