To think they are ‘𝘳𝘪𝘤𝘩’

[HansBanan]

Okay, I know it's subjective but I'm some what bored of my in-laws down playing this.
My SIL is 28, well educated, 2 children, lives in London. She's married, husband is about 40, a little older maybe, a high earner (250k ish - chief investment officer for a wealth management company).
They are mortgage free, in a large beautiful house (I'm not sure of the logistics of how this is the case but know they are). 1 car, owned outright. They have credit cards but I'm sure they pay them off monthly and mainly use them for the benefits and rewards.
Their children are young so not school age yet, but it's very clearly they sill be privately educated. I'm not sure how much the bonus her husband receives would be but let's assume it's anywhere between 25k - 125k depending on the firm.
They holiday several times a year, almost always business class.

AIBU to think that is ‘𝘳𝘪𝘤𝘩’? My in-laws are all insisting that in London this is just comfortable but I don't buy it! Especially not with their mortgage free home!
I know it's not my business but it irks me

When I say we make less we can't afford it, it's all "oh but they have to battle London pricing they are only just comfortable".

But you said they inherited their home. Don't his parents know this? They are not battling any housing costs.

Whether they are rich, wealthy or extremely comfortable it makes little difference to your PIL’s rudeness.

I would let DH deal with it and refuse to have any further conversations with them about money.

What other metric do you think we should use then? Your answer seems to be literally the richest people in the world, which is patently absurd. If you have a house worth more money than most people can dream about and earn more in a month than most people ever see in a year or even, in some places, in their entire lives, you are rich. If you have that level of wealth you can very easily stop working and live a lifestyle better than most without working another single day. But sure, it's "comfortable".

But you are right on one thing, most people in the UK are better off than most places in the world. This country and other wealthy countries are very much the exception, not the rule when it comes to living standards. Just another thing you clearly have no idea about.

So the next time someone comes on here and says they are struggling, are you going to tell them 'no, you're not! You live in the UK and our living standards are high, why don't you move to (insert third world country) and then you'll know what real poverty is'? If not, why not?

Also, those people (in the OP) don't have 'a level of wealth where they could never work a day in their lives and still live a lifestyle better than most'.

Yes they do.

Let's assume that the house they have is worth £5mill and they have no other assets - which of course, they will.

A very modest return on that money if they sold would yield a completely passive income in the top 1% in the uk. So yeah, they do.

You really have no idea what is normal for most people, do you?

You really could not miss the point any harder.

So much hysterical, irrational rage in your posts? Why?

Can anyone explain to me why living in London would be expensive, other than housing costs? Council tax is really low isn’t it? You don’t really need a car and you don’t have to continually spend money going to London like the rest of us and then spending a fortune on a shitty hotel.

I wouldn’t say rich per se on those figures but just because it’s a single income and I imagine SIL has expensive tastes! Eeew to a man in his 40s going for such a young woman who he then ‘keeps’ though

Forty and twenty eight is hardly a dramatic age gap.

Because they're poor and don't want to admit it.

4 million pound would be enough to quit work and have a nice comfortable lifestyle so I’d say they are rich because they could if they chose, sell their house , buy a house outright for 1 million and live off the other 4. I’d be annoyed too OP and yes I’d call them rich/minted/loaded.

You could do that on 5million with no mortgage. At 5pc interest it's exactly the same annual income.

Honestly only on MN.

They are rich. End of.

So much patronising, thickheadedness in yours. No wonder they are frustrated.

Well that was revealing. Why is it something to "admit"? Honestly you and poster you replied to are not covering yourselves in glory.

Not poor here BTW ( mortgage free, several 100k in bank) but I can well see why they are annoyed.

Anyone who needs to come on the internet and declare that they have several 100k in the bank has got issues. Just calm down. You’ll hurt yourself.

£250k salary with no housing costs anywhere in the world makes you rich.

Ahahahahaah! This has to be the most Mumsnet post I have ever seen. Chapeau.

Stay at home mums of two young kids are being “kept,” now?

Eff off

What a fucking weird post. My personal circumstances have absolutely nothing to do with anything.

I'm not poor. I've already said that. I'm doing just fine, but I've come from a poor background and can recognise how massively insensitive trying to claim that anyone with £5million in assets and an income of half a million a year is not rich is. Because they are.

Where is the rage, exactly?

Are you mistaking having a different opinion to someone as rage?

Whereas I do not come from a poor background, but I still know that I'm not rich. I would like to be richer.

Presumably you want more money in order to do something with the additional money? Simply wanting more money is an odd aspiration.

It is not odd at all. I would like the security more money could bring.

If he’s CIO he’ll earn a LOT more than that