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.

89% - wish it felt like it.

To get 95% plus doesn't your income need to be 220k plus?

42% calculated with housing costs however only 26% if I discard housing costs (house owned outright so no costs other than water and insurance)

You could just answer the question instead of going on your customary rant.

42% doesn’t feel like it but we have a lot of others costs.

Debatable because too many factors are built into that. Is a car payment (if you have one) essential or disposable. How about if you have the heating set to 22 or 16. There's too much wriggle room on bills, I know mine could lower

I'm reasonably comfortably off according to that, but I don't have any mortgage commitments or dependants, so I expected that result.

We came up as better off than 37% of people (used net income and double checked all figures). Which compared to some of the answers on here definitely seems on the 'poorer' side.

For context, we have 3dc and bring in £4800 net per month. Council tax of £250pm.

I'd be interested to see the income/circumstances of those coming in at 80%+ yet claiming to be skint 😁.

I've played around with it - with CT of £250 a month and 3 dc, we'd need net income of nearly £9k a month to be over 80%. I'm not sure how anyone could consider themselves poor on that tbh.

It’s pretty pointless as it doesn’t look the value of your asset (eg we have very high mortgage costs but a significant amount of equity) or savings, investments or pension provision. So it gives a picture of where you sit for money coming in but no idea of your overall wealth/comfort/security.

I get what you're saying, but to me disposable income is after all expenses necessary for YOUR lifestyle and needs. That would include bills, cars, whatever. The leftovers after all those necessities for YOU is your disposable income. The fun money 😊

My net income is £4600 as a single parent. So I’m at 86% but I have no-one to share the mortgage with etc. Hence not feeling loaded - but definitely don’t feel poor either.

71% not including housing costs
43% after housing costs

I earn the type of salary that is generally considered very good on MN but I have 3 kids 2 of whom are teens single parent and my mortgage is mega

82%, we were closer to 90% last time I did this, wonder if it's because one of ours is a teen now.

d 7% of the population - equivalent to about 4.7 million individuals.

I have about £17 a week to live on after bills, work full time not entitled to any assistance.

I put in net but added back my student loan and pension contribution.

26% but I am doing ok on that.

81%. We're comfortable but not too comfortable. But we've lived off an awful lot less.

We're up in the top 8% but at the end of working lives so in reality half is stuffed into pensions and at peak earning power. There is however a huge disparity between where we are (senior in roles but working) to the super rich. At £130k you are very comfortable day to day but no business class flights nor super luxury hotels, (just booking my holiday) and we both have older cars etc

98% for my household.

I think it should take certain outgoings into consideration though. We are supporting two children in university which is very expensive.

Yes but others can't support children through university and the kids have to work ... so that's a choice

94%, DH is finance specialist and I am a teacher.

@chonka901 do not go by this!! according to this i am -115 and am in the poorest 1% of the population!!! this is rubbish!!

73% for me, don't live in a high (MN standard) salary area but no rent or mortgage to pay.