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)

Are you very rich? Just what does someone need to earn for you to consider them worthy?

That take home income that would put someone in the top 10 % of earners and a mortgage of £1,000 per month on a 4 bed house would be impossible very low in most parts of the south east.

Nothing to do with class though.

Better get that mortgage paid off asap there won't be a middle class soon.

@TomatoSandwiches i don’t understand

Why does class matter?

Hate these humble brag posts

I agree with this. DH is a top 1% earner but we are working class with an upper middle class lifestyle - holiday homes, fancy cars, dcs in private school etc.

Do people really care about this stuff? Isn’t pretty much everyone MC nowadays? Even my window cleaner drives a BMW and has just had a new Wren kitchen fitted 😂

We are all working class these days. If you are reliant on your wage to pay your bills how are you anything else.

Income and class are not related. 95k is in the top 5% of earners. I don't understand what you think it is.

Fuck me im in the wrong business. Surely its a money laundering scheme!

Oh ffs.

i guess mortgage paid off?

The “middle class” nowadays are more likely to have large mortgage payments but large equity.

Class isn’t simply about income or assets, its a much more complex question. So someone’s mortgage doesn’t define their class.

Having said that, this is a comfortable wage and a manageable mortgage. As far as we can tell from the information here this isn’t someone who is struggling.

This again. I like the Rooney example from @idontcareabouttennis

I worked for someone many years ago worth 12m. They owned bars, offices , car parks in major city. Private education etc

She once picked me up in the rolls but mainly the jag from my house but was also more than happy for me to pick her up in my micra

she always said ‘I’m not middle class I’m working class with money'

Genuinely how do you know what class you are if it’s not income? From what I’ve seen on here I’m middle class for owning books but underclass for having a kid at 16? Definitely not working class because I hate football and chips with gravy.

Genuinly how are you working out what class you are? I don’t know if I’m middle or under class.

its based on your parents occupational type and your own.

lol yeah this is living on the breadline. Can’t be middle class unless you have your mortgage paid off dontcha know. And only 3k disposable - how do people cope?

The middle class have always worked - it’s the nature of the professions that various generations undertook that partly defined the class.

If you have to rely on your earnings to survive each month how can you not be working class?

Money and income has nothing, in itself, to do with class. Look at John Caudwell, one the richest people in the UK and yet he’s firmly working class. His children might not be, but he is. Same with the guy that owns Pimlico Plumbing. Or footballers. All of the money makes no difference.

@Zobra a whole host of things inc. your parents occupations, your occupation, education, social circles, and even vocabulary. It's complex 🤣

My mother was a stay at home mother and my dad always had different jobs (is he even relevant they divorced early on?) I definitely think I have a middle class vibe based on other threads I’ve read like with hobbies. Very interesting.
But how are people out here saying with confidence what class they are even if they’re income doesn’t match up?

My mother was a stay at home mother and my dad always had different jobs (is he even relevant they divorced early on?) I definitely think I have a middle class vibe based on other threads I’ve read like with hobbies. Very interesting.
But how are people out here saying with confidence what class they are even if they’re income doesn’t match up?

£1,000 a month seems really low for a mortgage on a 4 bed detached house. That's the rent for a one bedroom flat in my Northern city.

Because like you, they don’t understand it. And they have probably never experienced or recognised class prejudice.

We have the same net income per month, mortgage of £1200 with about 250k equity. Own our own business. We are 100% working class from working class families.

We have 1 car (a beaten up 15 year old wreck) so no fancy BMW etc and 1 holiday every 2 or 3 years. We do live in a higher than average UK cost of living country though.

I think I would be upset if people though I was middle class 😂

But it surely must be a shorter term as his loan would be capped at £70k ish based on his income? Is it 12 year mortgage term?