What do you consider a ‘high’ earner?

[Tsort]

In my head, a ‘high earner’ is someone who never really has to think about money. So, perhaps £200K and up. However, I’ve recently seen threads where people on circa £50K are described as ‘high earners’. As a Londoner, that seems like madness to me, but these things are obviously very dependent on where you are.

So, I’m curious. Where do you live and what would you consider a high salary?

That’s very interesting and does seem plausible.

I tend to think in terms of individual salary, and that’s what I had I mind when I posted. However, household income is probably a much more useful metric.

Exactly. I think some comments are clearly assumptions especially the law fields. There's a person on here and other threads quite clearly stating they do not earn any where near 250k. Personally I think it's wild to assume that lawyers earn that type of money commonly in UK.

I don’t think anyone’s said that’s what all (or even most) lawyers earn. Just that people in corporate law (specifically magic circle) can earn that.

Sorry @Tsort it wasn’t

Great post.

It really is relative to what others around you earn.

Although presumably the people on 6 figure salaries must have some awareness of the barrister or barman who gets them their coffee or wine / the cleaner in their office / the porter in the hospital / t person that delivers their takeaway / the chap that sells newspapers on the street corner / the chap that empties the bins in the park / the care assistant that gets people washed and dressed every morning / the EYP who looks after their children whilst they are earning these megabucks. Surely nobody can really think that a 6 figure salary isn't a great salary which is earned by only a tiny, tiny number of people ? People can't live in that much of a bubble can they?

I think maybe they can. The lack of perspective at play in this thread is hilarious.

No worries. 😁

@Kite22 I can only speak for myself (and I’m not on six figures, but my husband is), but I’m aware that I earn more than a the majority of the population, yes.

Lawd....just read my post back..... I can spell barista, honest !

@Kite22 I think we all knew what you meant! Autocorrect hates us all. 😂

250k 😂😂😂

I honestly don’t know Wtaf I’d do with that. Do we mean one earner or joint?

I would say this is more about family income really than individual. 50k is bugger all really in south east if it's total income before tax.

I would say in everywhere except south east family income of £5.5 monthly after tax is high earners. £7k monthly in south east and London

£200k household income. Mortgage £2.5k a month. Cheshire. Kids aren't private schooled. We don't take luxurious foreign travel. We are squeezed.

We are squeezed

How? What on earth are you doing with it all?

How on earth are you squeezed?!

Unable to cope with finances or spending more than they earn.

@JustMarriedBecca how much are your healthcare, car loans, pensions, investments etc?

Is it just really, really hard to fit your wallet in your pocket?

As a single person with a step-child (so has 2 other parents who provide the bulk of financial support) on 29k who can live fairly comfortably, I view 50k plus as high. Not "ultra-rich, will never want for anything" but certainly significantly above the average UK earner. I'm in the South-East so 50k would still not provide great possibilities for mortgage on a house, but relative to what most people are dealing with it's high. It's all pretty relative to circumstances and perspective though. I would say though surely 200k is ultra-high, like 1% of people, not just "high"?

We have no car loans, we can't afford it. Pensions mainly. We have no private healthcare either.

Same here. If we each went down to that we’d have to cut back heavily on saving for retirement, maybe give up a home.

@JustMarriedBecca something is going very, very wrong with your finances.

It certainly is. They’re burning through £8.5k a month after the mortgage is paid. No cars, no nice holidays, no school fees or health insurance, what the fuck are they doing with it?

Cocaine and escorts?