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.

Did you put in net or gross income?

Even for Mumsnet, there seems to be a very skewed amount of 95%+ on here so I’m wondering if people aren’t putting their net income in!

@nellythe

Was going to say the same thing. I knew mumsmet had a lot of high earners but where are all the 30-60 people?

38% which feels about right. Pretty much in the middle. We still go on nice holidays abroad every year, have a new TV, gym memberships and a car.

Edit: 14%!! I didn't realise you're meant to put net income...

God, now I feel kind of shit about my life a when I thought I was doing well!

Ditto - mine currently is 21% but when son is 18 I will be up to 43% despite losing CB / UC for him .
Yes , the food bill will go down BUT my mortgage % goes up too

I think that’s the cause of the discrepancy also with so many in the 90s% saying they feel they struggle. One poster was around 95% (if I remember correctly) and said buying cat food was a cause of problem. I’m at 87% and, although certainly not flush at the end of the month, I definitely don’t live frugally so it just doesn’t make sense if this is truly peoples net and not gross income!

We're at 16% 👌Doing better than 10.6 million people
I am ambulant disabled and can only pick up little jobs here and there. Puts it into persepctive when big political campaigns try to go for disability benefits like we're lapping it up in luxury. We get on okay but have learnt to compromise, sacrifice and learn how to do things and make things for ourselves. Our clothes are second hand, our appliances and electronics are all second hand, we've been on one family holiday in seven years and had to do it on credit. This is just how it is, no complaints. We are housed, clothed and together as a family <3

97% here, net income. I think the people saying ‘I don’t feel it’ must have very high housing costs. Our mortgage is under £1k per month I wouldn’t say ‘I don’t feel it’.

We are slightly higher than you but in the south. We have some debt and can’t move due to living down here.

99%. Apparently.

Yes , a minimum wage job of 40 hours a week would be 25k a year .

Some can’t do those hours eg childcare etc

26% but I only work part time and have a 4 year old that just started school this academic year.

Not on the bones of our arse but definitely watch what we spend. No debt, decent savings and a good chunk of equity in a mortgaged house though.

I do need to find a job with more hours, get a second job or do something to boost my earnings though. My career choice and experience unfortunately lends itself more to childless people who are flexible enough to move around the country.

Ours went from 22nd percentage with 4 kids, calculated the same amount with 2 kids and it put 38th percentage.
I don't think it's really a reliable representation, they definitely don't cost that much extra per child 😂
And if I don't include hosting costs and 2 kids it's 51st, yet our mortgage is only £1200 which is the lower side of average, in our area anyway.

Tbh ours is 73% and our income is comparatively low (very average if anything low salaries) so not sure what the calculator says.

What more do you want from me?
Adding in children just increases the income by the child benefit, (which is lost for those earning over £60k). So, if anything, it could put the household into a higher percentile. I previously gave gross figures of salaries for two people at £50k.

If you want to check for yourself, be my guest. You just can't believe that two people on £50k are in that high a percentile. Which was my original point.

Better off than 74% of the population (including housing costs). Doesn't feel like that.

I'm at 23% but feel i'm doing fine but I have savings and a decent pension and housing costs will drop dramatically next year and will be about 40% and I'llstill be able to add to savings

The problem with this is that one persons essentials are anothers persons luxuries so if there was £1000 a month for food and one family of 4 might consider £400 for all food including takeaways perfectly adequate another family could be spending £800 on food and another £200 on eating out; so on paper one family looks like it has no spare cash the other has £600 spare cash but in reality they both had a 1000 and chose to spend it differently the same applies to housing one couple with 1 child is happy in small 2 bed flat another feels they need a 3 bed detached house with garden and home office and garage one has huge mortgage the other small it's a choice start adding in whether in london or cumbria and the differences increase again, then if one has a sister and mother to look after child hile they work and the other has to pay full time child care,
it is impossible for a simple calulation to work things out

but within the necessities there is a huge amount of personal choice if you are better off, if poorer you have to just rent the very cheapest place, budget to the last penny at supermarket and pray nothing breaks

there are not very many families where a 3 bed flat, terrace or semi would actually be inadequate housing

We're around 44%. Another thing it doesn't take into account is local costs. I am in the NE. Southern colleagues on the same NHS band as me are surprised at how cheap things are by comparison. For example, a coffee in an independent cafe, a pint, a haircut. Their costs are often higher but their wage is the same (London weighting notwithstanding).

Better off than 22% .
Not a surprise. Things are tight.

I don't think the calculator works to be honest as it doesn't account for student loans for example. So we come out as paying higher rate tax but as each of us earns less than 30k we are not in that bracket.

You make a good point - teachers would be the same (other than those with London / fringe additional pay )

93%

It’s crazy though as we can’t afford to do work on our house, have no savings etc. By the time mortgage, childcare, bills & food have been paid there’s not much left!

@WellerUser Oh I missed this bit where said you got it wrong, chill!

0.5, I'm on my own, it's impossible, hours slashed at work, and I'm not well (part time, min wage)

15% but very low mortgage so would be worse off if it weren't for that. Can't work due to disability, so living on disability benefits & my husband's wage. I was the main earner before I became disabled so it's frustrating to be unable to contribute!

I get less than someone on benefits or on a pension (I do know what friends receiving get)