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.

5%. Ouch.

Same but I feel we're pretty comfortable.

11% ☹️

I'm at 49%. A bit surprised as I feel very comfortable so thought it would be higher! Single parent of one, working part time (school hours).

We're in the 40s percentage if I add that we have children, but high 80s if it was just us on our own! So a bit silly really as you can't predict how much the kids are costing us

Why would paying for expensive things make you less well off?

53%

I'm at 5%. I knew I'd be low on the scale, but not that low, as so many people seem to have so little. I earn and get child maintenance making an income of £24k, but £13k of that goes on rent, which has become horrendous in the last few years. Don't claim UC though, that would boost my income if I did apply for rent support.

98% because of the mortgage being paid.

50% without housing
48% with

I feel we are pretty comfortable, I did used to struggle though so that probably impacts my feelings. Family of 4, one in nursery, 1 car, at least 1 foreign holiday a year and 3 or 4 UK short breaks.

Minimal savings though

What a crap calculator. Doesn't take any debt or assets into consideration.

It might as well be a buzzfeed 'HOW RICH ARE YOU???!!!' quiz

I am in a financially more fortunate position than 68% of the population.

For all wealthy mumsnetters who are landing in the top 90% (or even top 95%) and saying they don't feel it- try getting rid of that ugly SUV.

78 with net income but that's deducting tax, pensions and student loan because I can't be arsed to work it out properly. Definitely doesn't feel like it with mortgage and childcare costs.

But a person could spend all their money on a huge mortgage,which is gaining them a valuable asset, Norland trained nanny, electric car lease payment and four figure monthly grocery bill for unlimited organic protein and blueberries as 'essential' and claim to be short of money, which is clearly ridiculous.

Well that's true, I came in at 48%, however, I completely outright my home, no mortgage, which is worth £600,000 and have no debt. So I imagine that would put me higher than some others.

You absolutely should claim if you're entitled to it!

88% though we certainly don’t feel or live high end by any stretch. We do have a cheap mortgage and only 1 child so maybe that affects it

@littleluncheon Why would paying for expensive things make you less well off?

It's mumsnet-math. They incorrectly believe they are struggling because they have no money left after buying a bunch of things that they wouldn't otherwise have if they weren't on high salaries to begin with.

"I have no money left at the end of the month after paying for my ugly SUV, my subscriptions, my 2nd holiday this year, my expensive home, and my children's private education."

Either 91% or 67% - depends on declaring that we are supporting 2 children at university/apprenticeship. Suppose at 91% we can afford to do that

You have a higher after housing cost income than around 5% of the population

Explains why I always feel skint!

96%

Doesn't account for housing costs and the fact I need to commute a long distance and stay in hotels all week though...

We are retired. Much of our income comes from savings, so his doesn’t work for us as we only take what we need each month.

55%. But I don't really understand what it's calculating, if I take out the DC it puts us at 85%. I don't believe almost 50% of the population are better off than us just because we have children

97% here. I'm not a lady who lunches but I a mother that frequents the coffee shop.

It's so weird though isn't it?
Having large outgoings doesn't mean your income is less 😂
It just means you spend your money on lots of nice expensive things!
If you had an average income you just wouldn't have a big mortgage on a house in an expensive area, you wouldn't financially support adult children at university.
My kids won't be going to uni unless they can live at home (in a bedroom shared with a sibling) and work part time.