At what age did you surpass your parents salary (if at all)

[reducingfootprint]

I've always equated salary with success (i know i shouldnt) and used my parents as a benchmark
surpassed DMs salary aged 22 and have yet to surpass DFs (6 figures)

2013 - 32y

How do you adjust for general inflation as well as house price inflation, the things your salary buys?

Oh and would you get your parents pension income (again adjust for inflation please)

I surpassed my fathers the minute I got an after school job - as he didn't work.

My mothers aged 25.

@MadameBlobby

can someone please explain to me what the significance of a sunflower is?

OP – strange thread. Strange benchmark. Im in my late 20s earning early 30s. I was on about 45k last year. So I must be doing worse now? No. Sometimes you need to take a step back to take 5 steps forward. Also know of colleagues earning ~150k which I would be just as qualified to apply for (but haven’t out of choice, as it would not be stable and comes with its own complexities. I’m investing in a secure future instead which for now means less $$). I suppose it is similar to going to university for X years instead of taking up a job straight out of school. No right or wrong answer though. No of success stories (and not very successful stories) either way.

To answer your Q – neither parent yet. Likely both in about 5 years.

My parents spoke openly about pensions, the concept of savings, budgeting etc but I never knew what my dad earned and I don’t tell my dc. They might tell friends and from experience salary conversations lead to either jealously or smugness. You can be discreet but no one automatically think “I earn less than x, that’s good news.” It may not bother you overly but either way it doesn’t bring any happiness knowing that information.

My house is bigger than mine was when I was at primary but smaller than when I was at secondary. Could afford bigger but I’d rather travel abroad.

can someone please explain to me what the significance of a sunflower is?

It's a biscuit. A jammy dodger.

I think.

I was 36 or 37 and the only reason I know is because my mother told me I had surpassed my father’s income. However my father died 14 years before this. I never knew my mother’s income but I suspect I was making more than her then, but I’m not sure.

The inflation thing is really important.

Earning more in numbers is meaningless if you haven't taken inflation into account.

My parents generation, some of them did quite well. Final salary pensions are a huge deal. Me and DH parents get them.

Things will be different for the generations after those pensions. That's coming soonish. Retirees with no pension, and no tax take for the govt. It's scary.

I've worked in good jobs all my life and topped up etc and my pension is worth fuck all. The future is looking tricky.

By the age of 26. Was on about £25k then, neither parent had earned more than about £15k each in their lives.

So you don’t actually “surpass” your parents salary until you pass today’s value for that past £ amount

Yes and no. Presumably there would be usually some overlap when parents and offspring were working. If you surpass their salaries at that point it's comparable like for like.

At 32 if you go on annual salary, if you pro-rated it to time actually worked more like 28.

I've always equated salary with success (i know i shouldnt) and used my parents as a benchmark.I surpassed DMs salary aged 22 and have yet to surpass DFs (6 figures)

Gosh - well done you.

Luckily for me I don't equate money with success as I work as a plain old staff nurse. My mum was a teacher, and dad a university professor, but I have no idea what their salaries were - but it was a very long time ago.

Very strange post.

I’m far better educated than my parents. My father had practically zero education and was only semi literate. My mother had o levels and a secretarial course. They ran a very successful building firm. I’ve got o and a levels and am a qualified nurse (though not degree or even diploma level....I trained under the old apprenticeship type training).

I will never earn their salary despite on paper being more successful/better educated.

My parents put a lot of importance on financial success.

I always knew what they earned. You really do need to take inflation into account.

Having said that. I think they say blah blah my daughter is doing x to their friends. They're terrible snobs. They are good at financial support but shit at emotional support support which is what I needed.

And my brother has worked 6 months in his life and is still favourite.

Money is definitely not everything. But it's definitely helpful to have some.

Oh and I’ve no idea how much they earned, except that being self employed it wasn’t a fixed amount. And since my mothers been dead 10 years and my dad 25 it’s meaningless anyway without inflation being taken into account.

You’ve asked this question in a really clumsy way. But anyway, I earnt more than my dp in my twenties. When I got to my 30’s I was earning more than both of them together. I own a bigger house than them. My dds don’t go without, whereas I had to.
Both my dps are from another country and working class. When my df saw a pension statement of mine, he said I was going to become one of those little old ladies who buys her food shopping from M&S 😂