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Share your dilemmas and get honest opinions from other Mumsnetters.

To think the problem with wealth inequality is that rich people don't know how rich they are?

768 replies

Neeroy · 17/11/2025 09:04

Article in the Times today saying that people earning six figures 'don't feel rich'.

Because they are surrounded by six figure earning peers they are comparing themselves to people who have more rather than the 90% of the population that have far less. This is why the budget is poorly received in the news, because rich people think they already shoulder too high a burden when in fact compared to everyone else they still have far more disposable income. Even if they have to cut down on the number of holidays they go on. They aren't sitting in the dark under a blanket. Or only making food that doesn't require turning on the oven.

I don't think they realise how so many people have to live.

www.thetimes.com/article/1fb46414-8f65-436f-8f95-451d69626148?shareToken=8061d939633164c0dfbd805240c8e008

OP posts:
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usedtobeaylis · 17/11/2025 10:12

YorkshireGoldDrinker · 17/11/2025 10:01

The sweeping generalisations here. Holy crap.

I'm English.

I disagree with the notion of 'wealth inequality' because it encourages mediocrity and decline. Envy damages everything it touches regardless of the form it comes in and I don't entertain it.

Do you think if we stop analysing wealth inequality then it magically disappears?

beguilingeyes · 17/11/2025 10:13

Tesla are planning to make Elon Musk a Trillionaire, which makes me feel nauseous. What on earth is to be done about people like him and Zuckerberg/Bezos...not people earning six figures.

OhMargaret · 17/11/2025 10:15

wheresmymojo · 17/11/2025 09:40

I don’t think people earning six figures are as rich as you think…

I earn six figures (£120k). I’ll be able to buy a very small one bedroom flat in East London so I can be reasonably close to work (I do a four hour return commute at the moment and it’s killing me). I have a big mortgage so no early retirement for me.

I have one 8 year old car, that has very damaged bodywork but I can’t afford to fix as it happened during COVID when I was unemployed and couldn’t afford the excess to claim on insurance.

I go on one very cheap few days away in Europe sharing an AirBnB with friends a year and a couple of overnight stays in AirBnBs in the UK. No big abroad holidays.

£120k is my income but I don’t have a pension or private healthcare because I’m contracting.

I don’t buy any designer anything. I buy at least 50% of my clothes second hand on eBay.

I don’t have a cleaner or anything like that. I have no savings. Like £0.

Is this “rich”? I would have felt really well off on the same salary 10-15 years ago but not anymore at all. And yes, partly because of where I’m choosing to buy but honestly I can’t cope with four hour commutes every day anymore on top of a 10 hour work day.

Exactly.

OP I would argue the opposite of your statement is true. Too many people mistake this for ‘rich’ because of the 6 figure salary, they don’t realise the country is owned by a tiny number of multi-millionaires who pay proportionally minuscule amounts of tax and whose fortunes are very hard to pin down. They’re the ones we should be discussing, the rest of us are passing around the same £5 note.

Dgll · 17/11/2025 10:17

One thing I 100% know for certain is that if they get poorer, I won’t get any richer and nor will anyone else on this thread.

Everanewbie · 17/11/2025 10:17

Neeroy · 17/11/2025 09:04

Article in the Times today saying that people earning six figures 'don't feel rich'.

Because they are surrounded by six figure earning peers they are comparing themselves to people who have more rather than the 90% of the population that have far less. This is why the budget is poorly received in the news, because rich people think they already shoulder too high a burden when in fact compared to everyone else they still have far more disposable income. Even if they have to cut down on the number of holidays they go on. They aren't sitting in the dark under a blanket. Or only making food that doesn't require turning on the oven.

I don't think they realise how so many people have to live.

www.thetimes.com/article/1fb46414-8f65-436f-8f95-451d69626148?shareToken=8061d939633164c0dfbd805240c8e008

OP, the income tax absolutely rinses middle-higher earners. For example, take home pay of various salaries ex. pensions and student loan:

£100k = £68,557
£125k = £78,057
£150k = £91,286

The 62% tax trap (greater if you have children in nursery) clobbers you once you earn more than £100k. £25k in additional earnings brings in c.£9500 extra in real life and takes away 15 hours of childcare in England.

What with this and the cost of housing anywhere near centres of commerce, surely you can see why £100k is the new £50k?

itsthetea · 17/11/2025 10:17

History proves that Wealth inequality encourages violence and revolution, greed and envy

hostory and modern day societies shows that people are happiest in more equal societies - and what is the bloody point of living if we are not happy ?

it doesn’t encourage people to work hard . That’s a myth rich smug people like to propagate

and hard work and wealth creation are pretty crap goals for life / they should be the means to an end - and end of self fulfilment love and happiness and peace

oldFoolMe · 17/11/2025 10:17

I don’t think either side understands how the other half live. Those on a lower income dream of being a high earner but don’t understand the stress and sometimes debt that comes with it, there’s being a high earner and then there’s wealth.
the higher earners can’t comprehend what its like to put stuff back at the supermarket because the budget won’t stretch that far.
Neither are unreasonable, just not aware until you have walked in their shoes.

SalmonOnFinnCrisp · 17/11/2025 10:18

AllJoyAndNoFun · 17/11/2025 09:58

No - the top 50 families own more than the combined assets of the BOTTOM 50% of the UK population, not more than 50% of the total population. Important distinction. Also if you look at whose those families are, a lot of that wealth is not primarily derived from economic activity within the UK, so it's arguable who should be benefiting from that. That is actually part of the problem, in that extreme wealth is now extremely "global" so hard to pin down in terms of effective taxation strategies.

But yes, I agree with you that heaping Doug and Sarah, and even Jane and John with a combined salaried income of £1million in with Jeff Bezos and the Mittals is unhelpful.

Yes! This is fair (& correct!) i typed in haste.

Glad we agree its still valid.

I think OP is misdirecting her (correct and understandable) frustration at the uks economy.

The point upthread about wealth being "not have to think before you buy something" is a good one.

If you are Susan and you are making 130k and being told you are a top 2% earner!!! Woopee!!! you fairly reasonably assume you will be able to buy something reasonable and not think twice...after all you are top 2%!!!
And then back in reality you find you actually can't just go ahead and buy a pair of shoes from russell and bromley or buy that £300 dress that looks great and instead you get in your 6 year old yaris and drive to aldi for the weekly shop and it (understandably, i think) feels frustrating and muggy because you arent supposed to be in this position because you are in the top 2% and you are supposed to be able to afford it! And what the fuck are you doing wrong?
Apart from you arent doing anything wrong. You are just trying to raise your family and dont have generational wealth to offset your massive mortgage for your slightly nicer than average house.

To billionaires and people with net worths of 100m + there is zero difference between someone on benefits and someone making 200k per year. We are all on the same (shitty) team.... just the billionaires are an actual team pulling together for their own interests while we are infighting and squabbling while they consolidate more wealth and assets and widen the already cavernous wealth gap.

hazelnutvanillalatte · 17/11/2025 10:18

No, the problem is that the super rich have directed all attention at high earners who work extremely hard in skilled and necessary professions, and then are taxed extremely highly. These are not the people who should be penalised - attention should be focused on the super rich who avoid their share of taxes, ie Rishi Sunak's billionaire wife who claimed non-dom status to avoid tax.

itsthetea · 17/11/2025 10:18

100k isn’t a middle earner and pretending it is is called lying to get your own way

ThatCalmFinch · 17/11/2025 10:19

I'm pretty sure I heard Kirsty Allsop on R4 this morning saying that income tax needs to be increased and stamp duty abolished, the Hon Kirsty is of course married to a property developer billionaire.

firstofallimadelight · 17/11/2025 10:19

Yes aside from the mega rich and the poor most of us leave within our means .
Whether that’s a combine income of 50k,live in a fairly deprived area in a 2 bed house, 2 kids, 1 uk holiday , 1 old car and a few thousand in the bank.
Or 600k income with a four bed house in central London , two car loans, a nanny, private school fees , 3 abroad holidays a year and 50k savings. Both examples probably feel like there’s not much spare cash rolling about and will compare themselves to their peers.

YorkshireGoldDrinker · 17/11/2025 10:20

usedtobeaylis · 17/11/2025 10:12

Do you think if we stop analysing wealth inequality then it magically disappears?

Yes. Many things disappear from public discourse if people just stop talking about them. Deprive something of oxygen and it dies.

As someone who was dragged up, beaten, abused, starved and humiliated by my mother, and frequently came home to an empty fridge and survived on sweets and ready meals either nicked or bought with my paper round money, I know what it is to be poor, dirty cold and sick all the time. The adults decided I was an anorexic bag of hormones and dismissed me out of hand, so my situation only got worse. Then my hatred of grown-ups, you know, the ones who are meant to actually give a crap, who turned out didn't care one bit, fermented to extreme levels.

Being poor made me value money and success, not hate people who were better off than me.

TeaBiscuitsNaptime · 17/11/2025 10:20

Thatsalineallright · 17/11/2025 09:57

If we're talking about billionaires, maybe. I think it's obscene that Jeff Bezos has more than 220 billion and yet tax payers are having to pay benefits to Amazon workers who can't afford to live on the shitty wages he gives them.

But people who earn more than 100k? That includes jobs like doctors. I think you're being ridiculous to blame them for creches being so expensive.

Edited

There's a lot of misplaced denial in this world. Where the very rich folk feel bad looking at the poor folk so they decide to take those feelings out on them instead, spreading the message that it's those in council houses, with addiction issues, single mums etc thats the problem. Nothing to do with the people up top of course

RegusGirl · 17/11/2025 10:22

Yup, when I was poor I had to use toilet paper as tampons. Some public toilets only had the old, hard toilet paper so I had to use that. I seldom had the luxury of proper tampons.

If you can afford proper tampons without having to worry about the cost then quit complaining about your income.

Just to add, I am fine now financially. But that is my yardstick.

ruethewhirl · 17/11/2025 10:22

YorkshireGoldDrinker · 17/11/2025 09:38

They got that way through hard work. Even those who have inherited money, their parents will have worked their backsides off.

Success is earned. Many risks have been taken. Do you ever roll your eyes when a business owner complains about taxes? You shouldn't, because taxes have increased and many business owners have had to abandon their dreams, or worse, they've ended their lives, bringing major upset and pain to their families.

If you have a job, it's because someone worked their backside off and ploughed through several sleepless nights wondering how the hell they're going to pay their employees.

Don't belittle success, be inspired by it or fail. That's it.

Edited

And many, many people work just as hard, if not harder than the wealthy and successful, and they're barely putting food on the table. You seem to have a rather naive view of work and success.

JLou08 · 17/11/2025 10:24

An example of that I've seen on here a few times is when people talk about siblings sharing bedrooms. Comments about you need a 5 bedroom house, why have you moved to a 3 bed/4 bed?
I don't know anyone who lives in a 5 bedroom house, very few I know live in a 4 bed and that's usually a loft conversion and a tiny box bedroom included in bedroom numbers. I don't even come across many 4+ bedroom houses when I'm searching for property because I live in a deprived area. People living in affluent areas are so out of touch that they think it easy to find a 4+bedroom house.
People with 6 figure salaries may not have a huge disposable income due to mortgage increases. However, if they lived in a 2 up 2 down, bought second hand cheap cars instead of expensive lease cars and shopped at Aldi like many average earners need to do just to make ends meet, they would see a huge difference.

YorkshireGoldDrinker · 17/11/2025 10:26

ruethewhirl · 17/11/2025 10:22

And many, many people work just as hard, if not harder than the wealthy and successful, and they're barely putting food on the table. You seem to have a rather naive view of work and success.

Depends on the work you do, though, doesn't it? Are you sitting in an office chasing promotions, brown-nosing and pressing buttons all day?

I think wealth as a concept is too focused on money these days. Which to me is really strange considering money is fake and worthless now.

Wealth comes in many forms. Money is one form and people only care about monetary wealth when they see someone who's done well for themselves, ie envy.

FancyBiscuitsLevel · 17/11/2025 10:26

Oh I’ve just realised the OP hasn’t been back in an hour. We’re getting a lot of these threads at the moment - post something controversial than not return to the post. @Neeroyare you coming back to argue your point ?

Jugendstiel · 17/11/2025 10:28

YorkshireGoldDrinker · 17/11/2025 09:38

They got that way through hard work. Even those who have inherited money, their parents will have worked their backsides off.

Success is earned. Many risks have been taken. Do you ever roll your eyes when a business owner complains about taxes? You shouldn't, because taxes have increased and many business owners have had to abandon their dreams, or worse, they've ended their lives, bringing major upset and pain to their families.

If you have a job, it's because someone worked their backside off and ploughed through several sleepless nights wondering how the hell they're going to pay their employees.

Don't belittle success, be inspired by it or fail. That's it.

Edited

This is such a narrow, Disneyfied view of the wealthy. I come across it most from people who have grown a pretty modest amount of wealth from hard work and (quite understandably) get fed up of others thinking they got lucky when they know they made their own luck. But they are not the problem here.

'Lying awake worrying about how to pay the wages'. Yes I bet that is true of a number of small business owners who deserve better tax breaks and simplified employer regulations. But don't kid yourself and don't peddle this silly myth when it comes to challenging wealth distribution in relation to the superrich. Trump, Bezos, Jobs, Musk have never once lain awake worrying about anything that wasn't related to the inflation of their own egos.

You say inherited wealth comes from the hard work of the families who made it. But don't ignore the harder work of their workers, underpaid in lousy unsafe conditions. Why do you admire one and gloss over the other? Most superrich families achieved their wealth historically not just through hard work but through ruthlessness, lawlessness and brutality - stealing land, employing tiny children, creating factories so filthy and dangerous people choked to death and died young, working 12 hour shifts, and living in hovels while the aristocrats and industrialists built mansions for themselves.

It's still happening! Workers in Silicon Valley live in their cars! They can't afford flats. They have bought the myth of the dream. People in their twenties in the finance and fashion industries die of exhaustion, from drugs they take to keep them awake for the impossible hours they are expected to work. A woman really did give birth in a Sports Direct warehouse because she wasn't allowed time off. Sports Direct workers were checked before starting shifts, to ensure they were wearing unbranded clothing. That's one way of ensuring they know their place in the pecking order.

Trump didn't ever lie awake wondering how to pay people. He inherited a staggering amount of wealth and managed to be possibly the only person ever to lose money running a casino! He prides himself on not paying tradespeople because he has better lawyers if they try to sue. He is President of the USA - which should be the ultimate achievement and measure of success. But nothing - not one thing about that super-wealthy man is commendable. That we have become so dazzled by wealth intrinsically, not by what people do with their wealth, that we allow such an insane incompetent to rule the world should be a wake up call.

Bezos started out a really canny and imaginative entrepreneur. His desire for wealth made him inventive. And it succeeded. But why does it have to come with inhumanity? Why does it end with people working in the dark, giving birth in the toilet of an Amazon warehouse because they are not allowed a break. On zero hours contracts?

We have to start asking ourselves: why do we wealth and success are the same thing? Why do we aspire to wealth above other (imo) far more desirable measures of success.

You say 'Don't belittle success, be inspired by it.' I say: determine your own values of what 'success ' and what it should look like. Wealth - if you think this is a measure of what success is, okay. But also: Humane leadership - essential. Moral fibre - essential. Creation of a cohesive society - laudable. Desire to better the world for everyone, not just yourself - the ultimate measure of success, in my opinion. Amassing great wealth is not a measure of success in my book. How you amass it and what you do with it once it is amassed - how you distribute it, what you offer the world now you have that chance - that is inspirational. i'd never belittle that. But Musk becoming a trillionaire? I couldn't despise anyone or anything more. I am not jealous of his wealth. I am appalled at his tiny-minded, hoarding, self-centred paucity of imagination at what that money could do.

Sorry for the rant. @YorkshireGoldDrinker , you may not even have read it. But your values come over to me as those of someone who has worked hard and whose wealth or family wealth is the result of hard work, and who does have a sense of responsibility to employees. And people like you are really not the problem. I wish all employers had that ethic. But I do wish people who have created a modest amount of wealth for themselves didn't get defensive and put the blinkers on when it comes to discussing the sickness of superwealth hoarding at the expense of society. They are not the same thing.

AlltheHedgehogsontheWall · 17/11/2025 10:28

I'm very unsurprised by all the comments from people saying that they are on 6 figures and aren't rich. 😂

You're completely right. My parents are wealthy and have no idea whatsoever about what choices normal people are making day-to-day, and genuinely believe that they are struggling to survive.

My Mum sadly told me about how she's been waiting such a long time to get a new kitchen to replace her "tatty" old one, but my "tight-fisted" Dad is resistant to her spending £100k from their substantial investment accounts. The kitchen was last replaced about 10 years ago and still looks new. Not to mention the fact that most normal people wouldn't even consider £100k to be a reasonable budget for a kitchen.

My Mum and Dad are both coming from different angles. My Mum believes she and my Dad have "worked hard all their lives" (which they have, but don't we all!) and "deserve" to have everything all the time. It's important to her that people see how well she's done and having guests over to admire a brand new kitchen is a dopamine hit for her.

My Dad has a scarcity mindset. No matter how much money they are sitting on, he believes that it's going to run out. Even when they have been told by wealth advisors that they have more money than they can spend and are going to end subject to a lot of IHT and they should help out their kids now, his instinct is to hold onto all of it and only spend the minimum.

My Mum's insistence on spending increases his anxiety. His refusal to spend money feeds into her belief she's hard done by.

Richardoo · 17/11/2025 10:31

wheresmymojo · 17/11/2025 09:40

I don’t think people earning six figures are as rich as you think…

I earn six figures (£120k). I’ll be able to buy a very small one bedroom flat in East London so I can be reasonably close to work (I do a four hour return commute at the moment and it’s killing me). I have a big mortgage so no early retirement for me.

I have one 8 year old car, that has very damaged bodywork but I can’t afford to fix as it happened during COVID when I was unemployed and couldn’t afford the excess to claim on insurance.

I go on one very cheap few days away in Europe sharing an AirBnB with friends a year and a couple of overnight stays in AirBnBs in the UK. No big abroad holidays.

£120k is my income but I don’t have a pension or private healthcare because I’m contracting.

I don’t buy any designer anything. I buy at least 50% of my clothes second hand on eBay.

I don’t have a cleaner or anything like that. I have no savings. Like £0.

Is this “rich”? I would have felt really well off on the same salary 10-15 years ago but not anymore at all. And yes, partly because of where I’m choosing to buy but honestly I can’t cope with four hour commutes every day anymore on top of a 10 hour work day.

This is pretty much us, albeit on a bit less.
We have 2 10yr old cars, rarely go on holiday, our mortgage isn't outrageous. What do we spend our money on?
Kids - mostly grown. But we have uni expenses, which adds up and we help out with other stuff where we can. Insurance is a big one, yes we have private health insurance, critical illness, redundancy cover (which has saved our bacon more than once)...All that kind of thing.
We moved away from family for better salaries, relocated so many times, so we were late getting on the housing ladder. But now spend a fortune on travel to see those relatives who are now elderly.

We never have cash to spare. There's always a sudden bill, the boiler, one of the cars, uni rental deposit. My health is crap at the moment, so only one of us is working. Yet, we are on the magical £100k, so should be minted.

CowTown · 17/11/2025 10:32

5pot6pot7potmore · 17/11/2025 09:31

Yes.

Six figures is not rich. Rishi Sunak has £640 million, so probably he has at least 50 million a year just from investments. It's not possible to spend that amount of money on consumption, so he just gets richer and richer buying assets that then get rented out to the proles who have to actually work for a living. That's why normal people can't afford houses - multimillionaires out bid us. And he's not even a billionaire.

This. Many posters on MN are keen to lump the £100k earners in with the likes of the Sunaks. Going on an annual ski holiday versus having enough money to never work a day again by living off of the interest are NOT THE SAME THING.

ruethewhirl · 17/11/2025 10:33

YorkshireGoldDrinker · 17/11/2025 10:26

Depends on the work you do, though, doesn't it? Are you sitting in an office chasing promotions, brown-nosing and pressing buttons all day?

I think wealth as a concept is too focused on money these days. Which to me is really strange considering money is fake and worthless now.

Wealth comes in many forms. Money is one form and people only care about monetary wealth when they see someone who's done well for themselves, ie envy.

I'm not personally doing the things you describe, but yes many people do do them in the pursuit of wealth. Some will succeed.

I agree with you that wealth isn't all about money, actually. I have what I need in life and am not chasing wealth myself. But I did feel the parallel you drew in your previous post between hard work and success/wealth needed challenging. Obviously it's true of some, but not all, wealthy and successful people. But hard work alone is no guarantee of success, and many very hard-working people are struggling to make ends meet at the moment.

usedtobeaylis · 17/11/2025 10:33

YorkshireGoldDrinker · 17/11/2025 10:20

Yes. Many things disappear from public discourse if people just stop talking about them. Deprive something of oxygen and it dies.

As someone who was dragged up, beaten, abused, starved and humiliated by my mother, and frequently came home to an empty fridge and survived on sweets and ready meals either nicked or bought with my paper round money, I know what it is to be poor, dirty cold and sick all the time. The adults decided I was an anorexic bag of hormones and dismissed me out of hand, so my situation only got worse. Then my hatred of grown-ups, you know, the ones who are meant to actually give a crap, who turned out didn't care one bit, fermented to extreme levels.

Being poor made me value money and success, not hate people who were better off than me.

I didn't ask about the public discourse disappearing and I know you know that. The entire concept of wealth inequality remains.

I also grew up in poverty, briefly in a well-off area where the council covered our rent, and pretending there wasn't a cumulative benefit of social and economic privilege among my neighbours wouldn't make that reality disappear.