What is considered rich these days??

[Soccermomsavestheday]

So my husband and I live a pretty decent life but not one that warrants being called ‘financially out of touch’ and ‘how the other half live’ in my opinion which is just a couple of example of my sil many comments towards us.

My husband earns around £250k a year, I don’t have to work so don’t. We live in a nice 4 bedroom detached house with a lovely sized wrap around garden. We’re lucky enough to send our children to private school. We don’t go on extravagant holidays or wear high end designer clothes etc. We both drive Range Rovers but one is second hand (5 years old). And bottom line we have worked really hard to be where we are but don’t consider ourselves ‘Rich’ more so comfortable that we can live a modest life without financial restraints

it really bugs me when she says stuff like ‘you wouldn’t know what it’s like to budget’ and ‘it’s alright for some’ etc. I do budget monthly and am very much aware of how much things costs etc

Am I being unreasonable in this situation?

They're in rural sw England.
However living in London gives you access to world class entertainment, theatre music and sports without a long expensive commute compared to what's near my cheaper house in a se commuter town

Not working is out of touch with any self responsibility.

If your husband got ill and needed care could you take care of the family and bills?

Sure but despite the protests on MN not everyone in the UK lives in London. OP certainly doesn’t and has stated property costs are lower where she is.

MEOW!!!!

In normal families, marriage is a partnership and everything is a result of both people's effort. Sorry if that's too hard of a concept to understand.

What's rich? Id say above £2mn in assets excluding pensions and main residence.

Not directly related to income or lifestyle

Then she should be feeling very, very comfortable…!

And if not - she can of course always get a job herself to increase their income.

Once upon a time you won a million on the pools you were rich and set for life. The daily mail did an article a while back and asked what would be an equivalent nowadays. Nice house, second holiday home, subscription to netjets , children at private schools etc. they came up with a figure of £20 million. Which, and u know this is a matter of perspective, does not strike me as a large amount of money.

What is considered rich these days?

I would say being rich in other ways besides financially.
Being loved, being healthy and being a kind person.
There are so many things in life that we take for granted. Things that no amount of money could buy - independence, freedom, the ability to speak.
I say this as mum to a severely disabled adult son who has never spoken nor experienced life's riches..

Sorry. Money buys all those things.

GIven 99.5% of people earn less the £250,000 - I would certainly say it is rich.

I would say anyone in the top 10% earners is rich so anyone earning over £65,000.

Is it though? As most women I know that "stay at home with the kids" barely see said kids as they're old enough to do their own thing. Their DH works all week but comes home to a wife that has nothing nice to say about them.

Once they're at school you need to have the awareness to say you're not a SAHM but just SAH

I'm only one person with limited experience but find relationships where there is no one at home far happier

Sorry but no amount of money would give me a conversation with my son.
That's something I never have nor ever will experience.
The pain of that never gets any easier.
It's become harder now he has entered adulthood.
I suppose money is buying the talking therapy I am having though, so you might be right on that score.

You couldn't be considered rich on an income of 250k. You need to be earning 10 times that - and have all your assets paid for, no borrowing and have service staff.
The op is simply toward the high end of working class imo.

I would say rich is having more than one house worth over 5 million. Sending children to private schools, going on multiple holidays a year and not worrying about money ever. Just because you have a flash car does not make you rich. Many poor people have flashy cars. My relative falls into the category of very rich (3 properties worth over 5 million each, endless holidays, kids in private etc etc. But they have a very normal cars bought second hand!!!! Even though they can afford multiple flash cars bought brand new

It not just luck, its choices. You can study hard and CHOOSE to go into a career that you know will never really pay well, like teaching. Or you can CHOOSE profitable careers where six figures is standard, like consulting. People make different choices for different reasons but they are choices.

What is she making the comments about, is it when something specific comes up or is she just making comments?
I.e is she reacting to something you've said?

40k from 160k is not 1/3, it’s 1/4

That proves the point. You can easily afford private school fees. How can you think of yourself as anything other than rich?

So, it's harder to be a solicitor then, since it takes much more schooling and training.
I didn't know that.

That's the thing about many of the genuinely wealthy. If you meet them in the street you often wouldn't know. Because wealthy people learn to be low key. If you dont life is an endless stream of sneering or being taken advantage of...

😂

“We’ve worked hard for our money” cracks me up. It doesn’t sound like you’ve worked at all OP, let alone hard. And raising children is hard but that’s what every parent does whether they work or not.

You haven’t worked hard, your husband has. And potentially he hasn’t worked harder than the next person on £30k.

Enjoy your life, but don’t expect anyone to believe it’s down to your hard work.

ahhh bless you with your 5 year old Range Rover. You’re sooo down to earth

Agree