Does everyone on MN earn loads of money!?

[whatsausername]

for context, I earn 27K per annum and so does my husband. We have one DC. We are early 30s.

I just feel all the posts I read on here more or less everyone is loaded. Don’t get me wrong we can comfortably pay our bills but we have to save for anything big (holiday Xmas etc)

we still private rent. I’d love a mortgage but it’s not gonna be in the next 5 years for us.

everyone on MN seems to have huge houses, loads of holidays and multiple DC’s 🫣

I have read your posts.

I don't disagree that people who have high salaries can have financial woes.

I don't live in the UK. I live in Ireland, Dublin, which is the most expensive area. My job takes me to the UK regularly.

My point is people with higher salaries usually can solve their financial difficulties because they have a more lucrative skillset and higher earning power.

It gives them more choice. It may involve difficult decisions but the vast majority of the time, it's because people don't want to downsize, over stretched themselves financially, don't want a longer compute, didn't factor health insurance or critical illness etc. into their budget etc.

It's very disingenuous to say there's no realisation of the fact people live different lives.

I've worked with some ultra high net worth earners, I've worked with people below the below the poverty line etc and previously in debt recovery too.

Yes, life, divorce, illness, etc cause financial difficulty but people with higher earning ability have far more options than those who earn less and can solve most of their financial issues by different choices but usually don't want to make them. People at the other end of the spectrum don't have that luxury.

I’d feel rich on 50K, not gonna lie 😁

Yes, life, divorce, illness, etc cause financial difficulty but people with higher earning ability have far more options than those who earn less and can solve most of their financial issues by different choices but usually don't want to make them. People at the other end of the spectrum don't have that luxury.

Exactly that. If you're at the bottom of the income range, there's nothing to cut. You can't downsize your house, you can't sell your car, you can't take your kids out of private school/tutoring/expensive clubs. You can't cut down on meals out or go without a holiday. Because you don't have those things in the first place.

it's balanced by the amount of posters who claim shock and disbelief that someone on a higher tax bracket can struggle 🙄, or people who laugh at parents making sacrifice to send their kids to (very expensive) private schools.

You are free to believe what you want, but if you look at how expensive holidays are fully booked weeks, sometimes months in advance, if you look at the price of properties recently sold in most part of the country... it's not surprising that some of these people are on MN.

I bloody wish, but I'm shop floor retail. Will work until I drop.

Very few people earn loads of money, a larger number are paid it.

A lot of teenagers think making up posts on mumsnet is fun. Dont believe everything you see posted here, especially in school holidays.

There is quite of mix of financial circumstances among the genuine posters.

Not really. I'm on 40k but I'm a single parent and fund everything myself so it's tough. A good wage but have to budget with a spreadsheet to make the money last. I also invest but in absolutely not rich. 40k won't get you far when you're a single parent.

earn too much for any government help. It's quite an awkward salary really.

A lot of teenagers think making up posts on mumsnet is fun. Dont believe everything you see posted here, especially in school holidays.

I despair of the youth of today if they think trolling Mumsnet counts as “fun”. Can’t they just go and drink cider in the park while snogging unsuitable people like in the good old days?

I can't imagine any of the teenagers I know or see around me wasting time posting on MN frankly.

You must have missed the now deleted thread from earlier today about chavs and goths.

We have a nice house. We bought it in 1997. Inflation and politics has done the rest over 30 years.

Yes or at least my DH does. I had a huge inheritance in my 30s so would be fine if he ended our marriage.

Mumsnet started with lots of well off middle class women. Lots are still around as are lots that aren’t now that it’s broadened out significantly.

I sometimes look on indeed at jobs out of interest what’s out there and most are under 45k. I appreciate indeed isn’t where you get 100k jobs but proportionately mn seems to have more high earners in one place (and they seem very unaware anyone could survive on less money). It’s also like they can’t comprehend that the cleaners, shop staff etc in London also manage to afford to live and don’t receive 100k a year (because apparently you can’t survive in London on less).

Some MNers also can't comprehend that some people in the low paid jobs are not capable of anything else. Lots of "just retrain" or "upskill". If all the low paid workers did that, then society would be stuffed. But it always seems to be the fault of low paid workers for being paid low, and not their employers, and definitely not the cost of living.

Reading posts by all the high earners has really depressed me lately. Feel like I messed up my life. Having some money would make such a difference.

I am a relatively high earner and hopefully about to get promoted. Salary £140k, last year over £50k in bonuses and equity. Expecting to jump up from this somewhat.

I don’t even work in a hugely high paying industry - consultant doctors, law firm partners, financial services, big tech - folks at my level in these industries would out earn me by miles.

Not expecting anyone to get the violins out but I had a pretty poor, working class upbringing with neither support, money or inheritance. As a result I’m a lot worse off than friends who earn less but have had bank of mum and dad help.

Also because I grew up in a financially insecure environment I have prioritized safety nets like paying off my mortgage (instead of a bigger house) and paying into my pension. I probably don’t appear well off particularly, just averagely middle class. I feel like most friends my age have fancier cars and bigger houses, and better holidays. I often think I need to review my spending and budget to see if I can save more and cut back so that I can afford the bigger house etc.

Because people with that mentality are fantasists and enjoy winding people up for light entertainment. It's a game.

im sure there are large swathes of the population who don't feel the need to mention how much goes into their bank account, no matter how much that is, because they have more class.

85 k between me and DH 3 kids living with us 1 dependant step kid . Also renting 2 holidays a year , also need to save to do stuff .

I did miss it, but just found it on reddit.
There's not many teen whou would find winding up old people that funny however.

you forget that low salaries have a lot more financial help than the high earners. It would be a fairer comparison to compare the cash they have,

Do you mean UC top ups? Because if you are single person with no kids, you don't get anything.

Are you suggesting uc is comparable to being a high earner?

There are circumstances where a person on a lower income plus UC can end up with similar take home to a person on a much higher wage. This generally requires high childcare and sometimes also private rental costs. So it may be comparable in that respect.

However, it's also true that the biggest UC awards require certain fixed costs in order to be eligible, whereas a person who's bringing home the same amount in wages might have much more flexibility in how they use their money. It all depends really. There's also the question of assets, as someone receiving UC for private rent by definition isn't a homeowner whereas a person whose only income is their higher wage might be. Though increasingly less so if that person also happens to be young.

Teenagers dont generally reveal to their parents they are online trolls. Try monitoring their internet activity.