Is this a (financially) middle class household these days or not?

[Yealp]

I don’t think so, my best friend thinks it’s completely middle class.

Income after tax per month 5,200
Household one adult and one dc
Mortgage payment 1k a month, equity 350k (4 bed detached)

Yes.

the clue is in the mortgage

What do you think if is?

Yes. The mortgage gives it away.

Class is very little to do with income (Wayne Rooney is never going to be anything other than working class, for example, even though he is loaded) - but I’d say that’s a fairly ‘middle’ income

Why does the mortgage give it away?

Yes mortgage and income.

Single parent comfortably paying a mortgage on a 4-bed house with more than £4k a month left after? Can't think what else it would be other than middle class!!

It depends how she earns her money. An almost £100,000 salary in a professional job = middle class. On Only Fans, not so much.

@Octavia64 i think that’s a huge mortgage payment for one adult personally!!

Yes. Not about household income per se - single earner taking home £5200 a month is a high wage earner. £350k is a lot of equity. A 4 bed detached house is a big house.

You’re not going to feel super rich because you’re a single parent but yes it’s definitely middle class in terms of income and assets. Whether you feel you identify as middle class is another matter - as a pp said, class is about more than just income.

@peacefulpeach yes I don’t get this, I thought it was a huge mortgage payment

My son pays £1k a month on his mortgage and he’s on his own, on £30k a year!

Absolutely this. I will always be working class in my eyes and so will a lot of people from blue collar families who claim to be “middle class”.

That’s an incredibly good financial situation to be in.

@Purpleturtle45 i guess mortgage paid off? Bit more disposable income as I guess after bills the actual disposable is more like 3k

Why is £1k a huge mortgage payment for one adult? Mine and DHs mortgage is £2100 together so over £1k each and neither of us make as much as you do (we both take home around £3.5k)

We earn far less as a couple (just under £3000 per month) and pay a £1,150 mortgage. It would be perfectly doable on that salary!

Do you mean middle class or middle income? Class has little bearing on income!

Doesn't it depend on how much is outstanding on the mortgage, current pension provision and higher education payments....depends on the age of the child too.

I don't think class has anything to do with income. It's new money i guess?

Your friend has done well to keep up a high earning role as a single parent, it’s a very good salary . I don’t think £1,000 a month mortgage is a huge payment at all - I have found that affordable on a much lower salary with no child maintenance.
Class is not based on income in the UK but it’s a healthy salary

For fuck's sake. £5200 per month after tax is about £95k gross - top five percent in the UK.

Do you really have to ask?

Odd question, but the figures imply a decent professional income which is typically considered middle class. That mortgage is really quite small for a 4 bed house. I still don’t understand what you think OP.

fuck me 😂 upper class

enough of the tendency on this site to claim being that well off is “middle” anything

3k a month disposable income is loads. Genuinely. Thats more than we earn before any bills come out