Do you consider this ‘wealthy’?

[haleeeee]

Two kids in private school since primary. Two buy to let’s of around 250k value each. One holiday home value 280k. Own home mortgage free. Income allows for a few holidays a year circa 3k each time.

Wealthy? Well off? Or just better than average?

Well some struggles are pretty laughable then.

Technically all can be, depending on your sense of humour and if the comedian is any good.

Bearing in mind that most wealth in the UK is held as property and as pension schemes. The family's multiple home ownership alone tips them into the wealthiest 10% of the population. We don't know the value of their pension schemes and other investments.

2019 figures

Wealth deciles, BBC

This is wealthy as they do have passive income ready to kick in when and if ever needed. It looks like they also have plenty of spare money which they surely invest for them and their children.

Above average middle class whom would normally have a house paid off, a holiday home, 2/3 holidays a year and private education when needed as state is really hood where they live.

they sound like 2nd generation and so have inherited houses from parents or were offered big chunk of money to pay their own very quickly.

But why do you want to know?

Comfortable but not insanely rich.

Way above the top 10%

They're 'Haves' but not 'Have Yachts'.

They probably get taxed a lot which is why they are struggling

Outgoings are a lot..

😂

Wealthy. Especially if you have a cleaner too.

I consider my self well off - I wake up every morning.

It's funny actually, the wealthiest people I know are the stingiest - e.g. have a habit of leaving early if it's their turn to pay, swipe breakfast buffet food to save for lunch, never offer to pay for coffee, don't give birthday cards / gifts etc. These are all people with houses worth £1-2 million, posh cars, great salaries/pensions , multiple holidays each year etc.
DH says there's a reason the rich stay rich!

Not always. Most if my well off friends it's because they were gifted something at some point..a large deposit for a house/a house etc. Or they bought many years ago when prices mich lower and are now mortgage free etc. Their incomes then pay for the nice things in life. If you don't have rent or mortgage to pay.. or a v low mortgage the life is much easier.

They’re wealthy but stingy, by the sounds of it. A classic combination.

If all the houses are owned outright then I would say they were well off, however if they have mortgages then I would just say they are comfortable. It’s all relative though isn’t it. I tend to refer to my parents as wealthy as they own several £1m + houses outright and also have more than £1m in savings plus investments, and can’t spend all of their pension each month, in fact not even half of it and that’s not their only income. There are still people far better off than them though.

I don’t think it matters what it could be defined as. It’s enough that they should realise others have and get by on a lot less. It lacks awareness to make out you are struggling. Of course, they may well be tight given their outgoings. But that’s due to choices they have made, not lack of choices.
nobody wants to hear about how they can’t afford dessert. Their lack of awareness is well… eurgh

Show Off 😂😂

To me they're very wealthy, but that doesn't mean they're cash rich.
Having properties doesn't mean they have much disposable income.

Did you just come here to brag? Obviously you know that makes you wealthy. Hate posts like this.

No helicopter then?

Very wealthy. I would not engage with them. When they say anythin. Don't be a guest at their pity party. I would not let their assets detract from ur life

They have substantial assets relative to most people but they may not necessarily have excess disposable income after paying their costs including private school fees.

I hope this isn't stealth bragging, OP. I know a pensioner, widowed, who just manages on the basic RP of £8,500 pa.

And? My dad is widowed and just on his state pension and one of the people I went to school with is a hedge fund manager on 5 million a year. There's a whole spectrum of income.

I knew a person on just a small pension who therefore qualified for Pension credit, the gateway to reduced council tax, help with rent, dentistry, and other benefits.

I believe the qualifying income is £218/week or less.

www.gov.uk/pension-credit/eligibility