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Original poster

What you were earning in 2010 adjusted for inflation..

99 replies

WelshCakes1 · 26/04/2023 15:42

In 2010 I was on 24k
A few moves and promotions later I'm now on 37k
Quite reasonable progression I thought.

But according to this my 24k in 2010 is now worth over 39k - I'm worse off than I was as young 20something

I knew wages hadn't kept up with inflation but this is mad.

What would yours be?

https://www.in2013dollars.com/uk/inflation/2010?amount=24000

£24,000 in 2010 → 2023 | UK Inflation Calculator

This inflation calculator uses the official UK consumer price index. An inflation rate of 3.88% per year means £24,000 in 2010 is worth £39,371.85 in 2023.

https://www.in2013dollars.com/uk/inflation/2010?amount=24000

OP posts:
Justanothermum01 · 26/04/2023 22:38

I was earning 29000 ish in 2008, as a senior nurse, that calculator says thats worth around 49000 now. My actual fte earnings are just over 40 and I definitely feel significantly worse off 🙁

MotherOfRatios · 26/04/2023 22:50

I'm in my 20s so can't do 2010

But just accepted a civil service job £49k and from the Reddit thread it seems salaries haven't changed since then
if that pay had gone up with inflation, it would now be £70,615.01

alwaysmovingforwards · 26/04/2023 23:15

In 2010 was warning about 1/4 of what I earn in 2023.

Interested in this thread?

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Cost of living
PinkCast · 26/04/2023 23:27

I didn't work in 2010, so looked at my 2011 salary.
I'm in euro zone so my €58k salary in 2011 is worth €72k now according to that calculator, but if it was Gbp £58k is worth £90k now 😱 I'm not on that!

voxnihili · 27/04/2023 05:45

DP and I have very good salaries. Whilst we never complain or feel hard done by I often think that we don’t have the life of luxury that many years ago I thought these salaries would give us. For interest, I typed our current salaries in as if that’s what we earned in 2010 and if they had risen we’d have a very nice life now. Obviously I knew that things get more expensive each year and money doesn’t go as far but I was shocked at the difference.

voxnihili · 27/04/2023 05:50

I’ve also just played around to see what salary in 2010 would be equivalent to what I’m on now. I’ve had several promotions since then and always thought it was worth the extra stress but now I’m not so sure. Obviously I’d be on less money now but it’s weird to think of all the extra responsibility I have now, but it’s not really ‘worth’ any more than my salary some years back without the extra stress.

HappilyContentTheseDays · 27/04/2023 05:56

Not really comparable for me, as I changed jobs.
Brilliant job in 2010, if the salary was adjusted for 2023 I'd be hitting a 6 figure salary.
But times changed, I left, went overseas, came back, I'm on a temporary minimum wage job now so I earn so much less, it's hardly believeable!
Fortunately I'm returning to my previous industry very shortly, so that will solve the problem....

HowManySunflowers · 27/04/2023 06:04

In 2010 I was a SAHM earning £0. Now I'm earning 40k (FTE £50k as I work 4 days a week). Happy with that Smile.

bluechameleon · 27/04/2023 06:19

I've just compared my teaching starting salary in 2005 with my current salary. I've gained about 13k, which isn't a lot for 18 years' experience and a much more senior position with a lot of responsibility.

HashBrownandBeans · 27/04/2023 06:28

£14,500 in 2010 is worth £23,787.16today

im on £30k now but a totally different industry

OutDamnedSpot · 27/04/2023 06:58

Bloody hell. That’s depressing.

I was a teacher on Point 2 of the pay scale, earning £25,618. That should apparently be £41,287 now. Instead, a teacher at that level earns £31,750. Essentially a £10k real terms lay cut.

A teacher at my point on the leadership scale then would have earned £46,000. Apparently that should now be £73,000. I’m £20k below that. Pffft.

Kazzyhoward · 27/04/2023 07:15

This wage stagnation should be no surprise. I remember a top economist after the economic crash and "printing billions" to save the banking system, saying that we'd need at least a decade of treading water to pay for the rescue package.

Unfortunately, a decade later, we had Covid, and again, the cost of printing all that money to pay for the covid support schemes, furlough, etc., along with loss of productivity, is likely to take another decade of treading water.

You can't glibly "print" billions of pounds, benefit from it at the time, but not expect to have to suffer the consequences!

Original poster
WelshCakes1 · 27/04/2023 07:30

PinkCast · 26/04/2023 23:27

I didn't work in 2010, so looked at my 2011 salary.
I'm in euro zone so my €58k salary in 2011 is worth €72k now according to that calculator, but if it was Gbp £58k is worth £90k now 😱 I'm not on that!

Interesting that the Euro hasn't risen anywhere near the same! Are you in Ireland?

OP posts:
PinkCast · 27/04/2023 09:52

Yes, although I'm dubious about the inflation rate being Europe-wide. I'm pretty sure it'd be higher in an Ireland only context.

Beezknees · 27/04/2023 09:57

Nothing. I was on benefits in 2010.

IneedanewTV · 27/04/2023 17:40

OutDamnedSpot · 27/04/2023 06:58

Bloody hell. That’s depressing.

I was a teacher on Point 2 of the pay scale, earning £25,618. That should apparently be £41,287 now. Instead, a teacher at that level earns £31,750. Essentially a £10k real terms lay cut.

A teacher at my point on the leadership scale then would have earned £46,000. Apparently that should now be £73,000. I’m £20k below that. Pffft.

I would imagine all public sector workers are in the same boat. I need a 25% increase on my salary to bring it up to todays prices. That’s the disadvantage of local government.

mamaduckbone · 27/04/2023 19:22

I'm only earning about £5k more than I was in 2001 according to this. 20 years of teaching experience doesn't really seem worth itSad

UndercoverCop · 27/04/2023 19:25

22k just under in 2010, now earn around 54k but I've been promoted several times and that includes overtime, unsocial hours and out of hours on call , the people who do my old job start on 23k now. It's ridiculous. Also public sector

LindorDoubleChoc · 27/04/2023 19:30

All the replies adjusted for change of career are a bit completely pointless.

The question is what is X job paying in 2023 directly compared to what it was paying in 2010.

roundcork · 27/04/2023 19:30

This reply has been withdrawn

This has been withdrawn by MNHQ at the request of the user.

Knackeredandalsotired · 27/04/2023 19:39

Ive had a 28% cut in real terms since I started my current job in 2008…

I think I wish I didn’t know that 😥

Pineapplefish · 27/04/2023 20:23

I'm not sure where you found this website @WelshCakes1 , but it doesn't agree with the Bank of England inflation calculator, which I'd have thought would be more accurate? According to this your £24k is now equivalent to £34k, not £39k.

https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

Inflation calculator

Use our inflation calculator to check how prices in the UK have changed over time, from 1209 to now.

https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

TheSaturdayAfternoonnessOfIt · 27/04/2023 20:32

Another who has just discovered I've taken a 10k pay cut.

verdantverdure · 03/05/2023 14:29

The lack of progress is so depressing.

My wages are higher but I've gone backwards.

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