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.

Originally replied in a way that wasn't constructive. Have reported this general nastiness instead

You need to add them as an adult at 18 according to the guidance

Loving the defensiveness of the rich

You clearly have a different idea of what rich is to me!
To me rich is you don’t have to think really before you spend. I most definitely do!

@nellythe I have a few cars for various uses and anything lower an SUV would flood trying to get through the water in my village that gathers for weeks every single winter.

Why do you have "a few cars for various uses"? Last time I checked, they all have 4 wheels and can drive forward.

Stick to your morally superior noddy car and let me enjoy my ugly SUV.

Calling other vehicles "noddy cars" is laughable and would suggest you have some very bad insecurities. Have you been tested for small man syndrome?

We're better off than 87% though that would rise to 94% if we weren't supporting kids apparently. We live in a very cheap part of the country so I know we are very comfortable.

My car gets me up and down the Highlands, out to emergency response bases, and safety in rural/remote areas is a very valid reason to have an SUV.

SUVs get through where other cars don't. That's hardly rocket science. They're more likely to survive accidents (eg tree branches, deer collisions, going off road).

Staying on site isn't an option for everyone (myself included) and isn't necessary when you can safely get there by car. You may hate SUVs but they're useful for a lot of people.

@Janedoe82 To me rich is you don’t have to think really before you spend. I most definitely do!

That applies to absolutely no one. Even a billionaire like Elon Musk needs to think before he decides to buy Twitter.

We're 91% without housing costs, 87% with, on a net household income of around 72k (roughly equally from me and my husband). We are certainly comfortable, but neither of us is a higher earner. We don't have kids though, which must make the difference.

11%.

Single parent. Life is fun!

Yes they can. But not all can tow heavy trailers etc, can they? I imagine if I drove everywhere in a bigger vehicle than required for occasionally towing you’d have something to say?

No, no insecurity here. I couldn’t care less what cars other people drive as long as they’re roadworthy. I was trying to illustrate to you have utterly ridiculous you sound but I don’t think you have enough self-awareness to see that!

9% here! Solidarity!

36%

And I feel reasonably comfortable. I don't own my own home, though which is my biggest anxiety (what happens when I retire or will I ever be able to retire?).
It is also a single income household with a dependent child.
Just calculated for where I was 10 years ago with two dependent children and a low earner topped up by benefits and it was 3%.

94% would never have thought so

I am talking about day to day life. I have been in the social circle of genuine rich- their lifestyle is vastly different to mine at 94%.
yes I can do a food shop without worrying, kids can do various activities, don’t worry about putting the heating on, have a decent car but not expensive, but we don’t have fancy holidays and my clothes are all high street.
This to be is comfortable rather than rich.

My husband and I each earn almost 50k, we have a low mortgage (£600pcm) so I was really shocked that it's telling me 45%. But I've got 4 kids, 2 of whom are teenagers - when I checked where we'd be without kids it tells me 87%! Actually my teenagers are cheaper, because I'm still spending a fortune on wraparound care for the younger ones.

Obviously in my head I understand that kids cost money, but I honestly hadn't understood how much. Although, tbf, we're pretty tight with money, I probably spend a similar amount on my 4 kids as I would do if I only had 2- none of them have expensive hobbies, and we never go abroad etc.

Anyway, at apparently 45% we have plenty of money for essentials, and we have flexibility to budget for extras. I feel comfortable 🤷‍♀️

I don’t know that I’d class myself as wealthy at the 92%. However I am comfortable and do feel fortunate. We aren’t big spenders though, I don’t feel the need for 3 x 5k holidays a year, a new car every 2 years etc.

we don’t have sky or anything like that, I don’t get my nails done, hair cut once every 6 months or so. And more importantly, no debt.

think that makes the difference.

@Scirocco My car gets me up and down the Highlands, out to emergency response bases, and safety in rural/remote areas is a very valid reason to have an SUV.

SUVs get through where other cars don't. That's hardly rocket science. They're more likely to survive accidents (eg tree branches, deer collisions, going off road).

What you have written is categorically incorrect. The evidence and data shows that SUVs are the most hazardous vehicles, both for people outside of the vehicle and people inside the vehicle.

Your vehicle is as much a risk to life as a once-in-25-year storm is. That storm killed one person, and while that is a tragedy and I would hope that no one dies in any storm, it is a far smaller number than those killed by SUVs.

As for "getting through where other cars can't," I find this a bizarre sentence and I still can't work out what you mean. I have never had issues going anywhere in the smallest cars, and I have driven on plenty of rural roads.

Staying on site isn't an option for everyone (myself included) and isn't necessary when you can safely get there by car. You may hate SUVs but they're useful for a lot of people.

More errors- again, saying that your SUV gets you there safely is incorrect, because a falling tree will kill you regardless of what you are driving.

You also inadvertently wrote "isn't necessary," which shows that your SUV is not a necessity, but rather, a choice.

The red warning was in place from 9 am. If I had to drive there, I would have made my journey at 4 or 5 am, before the worst of the storm hit.

You live on 11k a year with a child and you didn't think it would be that low ? Why on earth would you not claim rent support and UC?

48% (one income)

Not sure if this has been said but the tool is from 2022 and suspect therefore it’s probably not accurate

More comfortable than 94% of the population though - surely that's rich?
Or do you mean only the top 1% is rich? Top 10% comfortable maybe and the other 90% poor?

16% after high London rent taken off. Single working parent, feel comfortable, enjoy various trips abroad etc. But guess I always look for bargain tickets, rarely use hairdresser, no car etc. Those higher without childcare costs must surely expect a lot more luxury to complain

99%

The calculator is suspect isn't it? Plus it doesn't take into account your disposable income, eg how much you've got left after mortgage and paying for ds1 at uni.