Would you class this family as average, comfortable or well off?

[Greyorcream]

Curious what people would class as “well off” these days?

Couple in late 30s with 2 dc (late primary/early secondary age). Not in London.
Partner A earns £52k and Partner B earns £74k. So fairly average wage. Neither majorly stressful roles. Both work full time. Home by 5 each evening. Both can wfh 2 days a week.

Both get annual bonuses of around 8% and usually salary increases of about 4% each year.

Mortgage outstanding is £339k on a house worth around £500k (5-bedroom house).

Pension contributions (employee + employer combined):

• Partner A: 17% (this will be increasing)
• Partner B: 21%

Savings:
usually save a third of income each month.

• £130k joint savings
• £40k saved separately for the dc.

No inheritance or family help received. No loans, car finance, credit card debt or student loans.
No childcare or private school costs.
Lifestyle-wise, usually one big family holiday a year plus a couple of weekends away.

Would you consider this comfortably well off, average, affluent, or something else? Genuinely interested as perceptions seem wildly different depending on area and social circle.

Well obviously that's far from average.

I think you’re having us on

Anyone sitting on £130k savings is well off by anyone's standards.

I don't see how a joint income of £126k plus 8% bonuses could be described as 'fairly average wage'

How do you see them @Greyorcream ?

I'd say it was average for older couples

I'm curious as to why you ask 🤔

Being able to save 1/3 of your income when you have kids is definitely more than comfortable!!

Wealthy. The average salary in the UK is well below both of those.

What do you consider the family to be?

I know you’ve given a lot of info but it’s the day to day costs that also matter. How much is take home and what are costs eg mortgage, council tax, travel etc.

What people forget is that the salaries may look good but working people have a lot of costs that are aid in full and not subsidised.

The salaries are not fairly average.

I mean "fairly average" you say ? None of that is "fairly average" and definitely affluent in my world.

I imagine, if I knew them, that they were doing fine, and be glad for them that they did not need food banks or benefits support.

Beyond that, I don’t think I would classify them.

I’d genuinely love to know what job pays 74k with minimal stress and allows the person to be home before 5. I’m not being facetious, I’d genuinely like to know

They can save one third of their income so I don’t see costs are an issue!

Very middle class

Very well off.

I hope the OP answers this.

they work in office roles in a manufacturing company. B is supervisor role.

You lost me at describing their wage as fairly average tbh.

Oh do fuck off. You are clearly being goady here. In no universe are either of those salaries “average”. To put it into context, partner B earns roughly what my husband and I earn a year combined gross salary. Partner A earns considerably more than either of us individually too. The combined household income in this couple is close to double our household income.

Clearly this is a very wealthy family, especially with that level of savings at a very young age.

What’s with all these not-so-stealth brags lately about how much people earn but playing it off with that faux innocence of “oh I thought this was average”.

On the very slight off chance you are serious, the median full time salary in the UK is £39,039 per year. The median UK salary including part time workers is £32,880. For ages 30-39, the median full time salary is £36k.

Tell us again how those salaries are fairly average.

Well off.

Describing those salaries as average is so out of touch.

That income, those savings and a lack of debt save mortgage, they seem considerably wealthy compared to me. I have a smaller mortgage on a smaller house of much less value. A managable credit card debt. Student loan debts that we will probably never earn enough to payoff. I am on benefits due to disability and my husband works part time on minimum wage due to caring for me. We have little savings and rarely go on holiday. But we are comfortable as long as we have the house and food to eat, few luxuries but can afford an occasional treat.

A very quick Google search would have told you that those wages are not "fairly average."

Ok so a bit above average.