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.