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?

Unsure if you understand the concept of family?

Its a question of who you are comparing yourself too? To some you are rich to others maybe not! But you sound comfortably off to me.

£160k a year is deemed the top 1%

You aren’t unreasonable to be irritated by SIL’s repeated comments.

You are unreasonable to ask us whether you are rich without telling us your net worth.

You are certainly high-income.

I think your budgeting and others is probably v different. Youre not having to choose between food on the table and heating etc

Working hard is what a lot of people on min wage do as well.
I imagine you're seen as rich/well off to many

Not relevant, you relied on free childcare and were still “SKINT” after working and benefiting off said free childcare and then you have the nerve to throw “why have children you can’t afford” to others.

Don’t make shitty statements to people when you don’t have your own house in order.

OMG not again

you are well off, not rich.
Rich is when people have millions and genuinely don’t budget at all.

your SIL is rude and her snarky comments are unacceptable

You have the right to be offended by anything. But you're not poor.

Of course you are rich.

I think it depends on your circle? We would be called well off here but I certainly don’t feel it when we’re with our friends or wider circle.

HumblebragsRUs here.

I’m not rich by any means, but I worked in a small office where I was better paid than some, and I remember one staff member having a massive go because I didn’t know when we got paid (I didn’t) - she and most other staff spent most of the month in the red and relied on credit and going into the black for a few days per month to survive. It was a humbling experience

Rich is genuinely the same as it has always been - if you have good health, a loving family and great friends , no worries about food in the fridge and a roof over your head then you are richer than the majority of the world. All too often this gets forgotten in the race to beat the Joneses. Many billionaires would sacrifice some of their millions for any of the above if they were without them ; not many people would sacrifice health or family for money.

Plus..isn't is 'he', rather than 'we' have worked really hard. You're clearly boasting..whilw pretending not to..

Such a smug post..many people do well academically, have PhDs, yet earn significantly less than your DH. Luck plays a crucial part, if you can't see that, then understand why you're SIL dislikes you..

Rich is really pretty comparative. In some places this would be considered “rich”
because your lifestyle is well above average. Go to a prime London area and this would be “poor” compared to people making 7 figures or more. You are comfortable so be happy about that and ignore comments from others.

I had a degree, taught for a few years, had two kids, worked a bit more then went back to college aged 36 with mainly 17-20 year olds. But there were a few older students and I must say we all got on really well and I thoroughly enjoyed it. Only problem was that the teaching was pretty patchy - I remember telling one of the lecturers he'd not have lasted more than a few weeks in my school!

Yes you are out of touch.
Yes you are rich
Do you actually think nurses, teachers etc don't work hard?????

So tell us how much help apart from buying schoes and bags for your SIL kids did you do? Did you give her money? How much? As its hard to grasp if she is sponging off you or not.

I mean it's skill and what you choose to apply yourself to. If you do a PhD and waste years not earning and then go into underfunded academia it's on you?

Her DH worked harder and worked smarter.

My husband thinks we are rich, approx £60k income between us, both working full time. But he came from a very poor family and it still blows his mind we have a dishwasher and garage lol.

I think we are comfortable. We can afford ours bills, food and overseas holidays with budgeting and being sensible but still do what we want (clothes/shoes as kids need them and meals out without too much stress). We are lucky our mortgage is very low. Bought when houses were half as much and good equity from 1st home means we pay less than a 3rd of what houses on our estate rent for. Never moved for this reason. Extra bedroom would be nice but extra mortgage would be crippling.

I would consider your £250k rich. We would be in a slightly bigger house (that extra bedroom, but not too big as then i gotta clean it lol) and more holidays on that income.

The Elon Musks of the world are just beyond my compression. That kind of money is crazy.

The OP said to someone else who pointed out that nurses work hard:
I actually agree with you being a former nurse 😜.
She also said:
We both come from working class backgrounds but studied far beyond post graduate level and worked our way up the ladder as such.
I don't know what nurses who study "far beyond post graduate level" go on to do, ie whether they stay on the wards or not.
I'm really not sure how much to believe out of all of this though.

Nurses and teachers get paid decently here.

Nurses start on £32k and teachers start on £33k

Perfectly fine.

Teachers get nice long holidays as well.

Rich to me is having peace of mind.
No debt no drama.

You’re comfortably wealthy but not ‘rich’ imo. Rich to me is multi millions... I guess it’s all subjective. I would also argue that unless you have millions stored safely away or in secure assets, your wealth is fragile. Businesses can go kaput and if you work for someone else, you could get fired or made redundant at any point.