To not feel that well off with a household income of £100k?

[phalendrina]

Live in London. Both of us are on £50k. We work 9am-7pm. Sometimes longer. Can’t afford to buy yet.

When I was younger I always thought a household on £100k would feel well off. We don’t. Obviously we are fortunate to afford food and rent etc, but we can’t afford long haul holidays or nice clothes.

Anyway, it's not just because of the bigotry on here, but I think the OP won't be back.

Yes, I'm sure you manage to dress well!

See comment below

I live in the north. We earn approx 70k and have just about enough but no luxuries. We do have three kids and a dog tho.

I don't think you're being unreasonable. We're on a combined income of 100k (working in London and commuting from countryside) and we definitely live comfortably but I wouldn't say we're rich. We don't drive flash cars or have designer clothes for instance and we always watch the pennies. I guess it depends how you're defining rich.

🥱
Try harder you peasant

Good try! Sorry, but I'm not going to let you dismiss and minimize reality. The data on this exist. It is not a point of debate that Boomers have had it easy. Have some of them made poor relationship/career/education decisions that have held them back? Yes they have. Have a few been unlucky? Yup. The vast majority are enjoying decades of retirement at everyone else's expense and voted for a government that handed them unearned housing wealth that has contributed zero to the economy and starved people like me of housing.

😂😂 cries into my £172 pw statutory maternity pay

What sort of job op.
It's not as grim up north as you think

I feel sorry for the OP scraping by on a meagre 6 figures. I had to hold back tears at the thought she might have to wear shudder Primark. Or, heaven forfend, a supermarket own brand. 😭

I earn £50k and live and work in London. I live alone and pay about £1k a month on mortgage plus bills on top. I feel well off - I am well off compared to the majority of the people I work with. I can save, go on holiday, eat out and pretty much buy what I want, within reason (and not all at the same time!)

So. Everyone born into that demographic , right?
Male, female, black, white, gay, straight, privileged, grew up in care, victims of abuse, illness and injuries?
All the same. Boomers. Right.

OP said she didn’t feel “well off”, she wasn’t claiming to be on the breadline.

On a slightly higher combined salary and we feel fairly comfortable but certainly not wealthy. I still pick up glossy magazines full of nice clothes and exotic holidays and think “who can afford that?”.

You need to be claiming benefits if you have 3 children and an income of £24K

I understand exactly what you mean, when I was young and worked in a shop on minimum wage I thought 100k would get you an amazing lifestyle - designer clothes, massive house, fancy car etc etc. But the combination of increased bills, inflation and of course the fuck up that is housing in this country means that even those on a much larger than average salary will not be living the golden lifestyle that they thought they would on 100k

Between you you have take home of £6,200 pcm.

Even in London this is a very good amount.

We need to know more about your outgoings and income, and why you have nothing spare.

you would be rich rich anywhere else. Literally anywhere!!! Move out of London, try to wfh to save money on commute and save save save and within a few years you won’t know yourself!

There you go again. The data on this are clear. It's not a debate.

How much is your rent?

Waaaagh.

Catch yourself on. Horses for courses!

No, it's clearly not, because it's stereotyping. Not everyone in that demographic.
My point - people are individuals. I wouldn't judge on ethnicity, gender or colour. Or age.

The vast majority are enjoying decades of retirement at everyone else's expense and voted for a government that handed them unearned housing wealth that has contributed zero to the economy and starved people like me of housing.
They didn’t earn any of it? I’m 43 and at least I accept that that generation didn’t spend the way this does- holidays, cars, eating out, takeaways- my parents worked and saved and earned their retirement. Yes this generation has been hit the hardest and starved of housing, but people blaming retirees is ridiculous!!!

Wind them up and watch them go.

I think people assume £100k is a huge salary because of how far that may have taken a household a decade (or decades) ago. But in 2023/4, with inflation and shrinkflation, it doesn’t really go as far as someone on a low income might assume

I’m in my 20s and on £50k, my partner and I combined have an income of around £100k and our bills are around £2K per month. Saving for a deposit isn’t steadily happening, we both pay plan 2 student loans etc. If you visited our home, you’d think it was average and likely wouldn’t match it to our income. There’s nothing substantially different other than we have the privilege of not feeling forced to live with parents