Household income. Where are you?

[chonka901]

https://ifs.org.uk/toolsanddresources/wheredooyoufitt_in

Using this link and putting in everything joint net income ,including child benefit and maintenance which I think it takes into account. It has us at 73 percent. Not a stealth boast before any states that. Genuinely surprised.

I certainly don't feel like this but appreciate people survive on less. It doesn't take into account mortgages, rent, generational wealth, inheritance, childcare etc so is a guide.

It is eye opening though.

I feel poor compared to my friends though. We definitely are not the London elite. Just public sector workers in the North. I guess the maintenance helps. My friends must be in the top 20 percent.

@shuggles yes I understand your point about rich people being oblivious and idiotic. And the food analogy is an excellent one.

However, There are just as many people here confused by why they are scoring on the lower side, who feel better off than their percentile is saying.

The point Im making is different to yours... that's that the info being gathered doesn't provide a clear reflection of anything, from a statistical point of view.

(As a sideline, It is also harder to define 'choice' beyond the extreme obvious points (private school, holidays etc)..... you say nursery costs are a choice. Not if you have no family support and need to work and are trying to climb out way out of the benefits system ... , unless of course all children are choices, which technically they are... unless you are in an abusive marriage or lack the education and empowerment to manage your contraception. .. most tend to see at least 1-2 children as a right, and choice' kicking in on child 2-4, though this is extremely cultural. Debt payments? If it's for a Mercedes? Sure, but Often it's poorer people's only way to purchase key items like a fridge. Repairs/building? If it's a kitchen extension, obviously. If it's to get the f'ing mould out that is making your child's lungs collapse, because you are forced to live in a shitty apartment- not so much choice.

There are multiple 'taxes on the poor' like this that are rarely measured and force expenses up for those who can least cope with them. Supporting others- because you are part of communities with far, far less and know personally a large number of people who are desperate, is another....

93%

94% (net income, I think a lot of people on here are entering gross).

93% after housing costs.

97% taking away our two dependent children.

But the calculator puts my household in the top 10%, even though neither of us is a high earner. We all know there's a tiny number of super-rich, but for people like me to be in the top 10%, there must be loads of people on terrible incomes.

Yes, the country is insanely unequal, and it's terrible for everyone overall, but people keep voting for it.

93% but I live alone on reasonable income and have no mortgage.

Where is the % I can't see it 🤣

If I take the dependent kids off we go up to 99%.

Six years and counting……… 🎉🤣

66%, really surprised as I'm always skint

The bar at the far left side indicates that 1/2million households live on £0 per week.

How does that work in the UK where Universal credit exists?

That's weekly income, not considering any expenditure.

How do you live on £0? How do you buy food/pay rent/bills?

Even an Asylum seeker gets £49.18 for each person in their household a week or £8.86 if meals are provided.

A single individual on Universal credit gets £78 per week

6% 😁 I don't feel we are poor though; we're extremely careful but we eat well, overpay our mortgage and save each month. We have both dropped a couple of days in work whilst DD is a baby/toddler so I guess that explains why it is so low right now. Now I'm feeling quite proud of our frugality!

53% and I am so grateful for all of it!

People on higher incomes give plenty…it’s called tax.

depends how remuneration is structured

"Using anonymised data from personal tax returns, we show that in 2015-16 the average rate of tax paid by people who received one million pounds in taxable income and gains was just 35 per cent: the same as someone earning £100,000. But one in four of these paid 45 per cent – close to the top rate – whilst another quarter paid less than 30 per cent overall. One in ten paid just 11 per cent—the same as someone earning £15,000. The rich, it seems, are not all in it together."

Mine came at 57% which I was surprised it wasn't higher given that I earn 6 figures. It has to cover 3 adults and 2 late teens maybe that is why.

96 % - two teachers. Definitely don’t feel it!

13% after housing. Five months ago we would have been 60% after housing, but dh was made redundant and there are no jobs in his field, so he had to take what he could get. (Didn’t get any redundancy as the company he worked for deliberately screwed him and others over, in a very clever way that was just the right side of legal.)

I am disabled and unable to work, as are 2 of my dc, who are both adults. Although apparently they can’t be included as dependents on that calculator, despite neither of them having an income, so in reality we’re probably lower than 13%.

Thankfully we had no debt, although we do now thanks to the aforementioned employer screwing up dh’s payroll last year, landing us with a large tax bill we can’t cover because they made him redundant.

We are still adjusting to living within our new means, but thankful to have what we have and fully aware that many are much worse off.

41% after housing

@WellerUser you said family so need to include dc & originally use gross figures...

Prison population is 87,000 odd - so they would be part of the £0 group I think.

If you live in a care home and are paid for by the LA you still get £30 per week as personal allowance so whilst low they're not £0

Who else? I'm genuinely wondering who would count in this group.

27% which surprises me because our housing costs are below average for the area (because of inheritance) and I don't particularly feel like we are struggling.

@TheOtherAgentJohnson
This is so true, I have always voted Labour or socialist, but I fear I will not live long enough to see a Britain as equal as the one I was born into in 1966. But I am going to keep hoping. I used to wonder why my grandmother supported so many charities but I get it now and do the same.

I do think people don't understand what the word rich means or it's skews by the likes of Elon and Jeff who are miles away from the majority. The Euromillions was 85m, the winner can't afford the most expensive London property but it doesn't mean they aren't rich. Someone here in the 99% percentile with a 500k income is rich imo.

84% on net incomes no housing costs, and the same when I put housing costs in. Surprised although I know we are comfortable I didn’t think it would be that high.

97% and I don’t feel rich

83% not quite sure how as we are retired and on modest pensions, I’d say objectively “comfortable “ would describe our status financially.

Higher than 97% apparently. Do not feel it