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.

96%

Single and divorced, 69%.

But is does take into account housing costs. Isn't whether you live in a small flat or a massive house also an expenditure choice? Perhaps deducting a standardised housing cost per person in a family would be a better way of stripping out all of those choices.

I've never been a heroin addict. Now Amazon Prime. That's my drug of choice! 😱

Mine is 93% without taking housing into account and 89% with. It doesn’t take into account the huge debts we have from IVF though, so it certainly doesn’t feel like we are that well-off!

But someone with a lower income simply wouldn't be able to put themselves in a position where they had 'huge debts' for IVF, because they wouldn't qualify for the loan and if they did, they wouldn't be able to pay it back, that's the point people like @MasterBeth are trying to make you see.

These threads always go the same way. Lots of highly paid people insisting that they aren't well off because they spend all their money on very expensive versions of essentials that aren't on the radar of people on average incomes because they simply can't afford them.

14%

49%. Single parent, one child. Usually have £1.2k left disposable after all bills etc so I feel like we are fine but not swimming in cash!

67% for me, 2 kids under 13 - I work part time and my husband works full time. I’m surprised at this as we definitely are feeling the pinch

In conclusion, Your after housing cost income is so high that you lie beyond the far right hand side of the chart

(They haven't taken school fees into consideration. It's why I'm still shopping in Zara and not Chanel)

40%, 2 kids. We are managing but have no long term savings. Mortgage is running into our seventies now. Just grateful I'm no longer renting.

99% with the deductions it asks for, that last % has a huge variety though of which this calculation doesn’t differentiate

After tax, after housing 98% and after tax also 98%... And yet I don't feel rich. Should I be ashamed to think that?

13%. Which feels pretty accurate considering how life is.

That comment (not yours) was peak mumsnet.

”I don’t feel reach because this income tool does not take into account my overseas holidays and private jet”

😂

Here. Single mum on maternity leave, I get £1000 or so universal credit every month, £100-125 child benefit (depending on how many Mondays there are in a month) and about £800 in maternity pay (which will dwindle to nothing soon and I can't go back to work when my maternity leave ends as I can't afford childcare.) My ex pays nothing for our DS, even though he works so much he can never see DS, because he can't afford it. 🙄 (I'm going to put in a claim with CMS because it's ridiculous, the excuses he's been coming up with.)

Higher income than 17% of the population.