What do you think classes as a high earner?

[ThinkingABoutThinking221]

Just after ppls opinions on this.

Hear alot about the cost of living etc and the big divide between high and low earners......

What do you think would constitute as a high earner and why? Baring in mind everyone's personal circs......

£250,000 plus.

£300k

£50k plus is a high earner to me.

What percent of people fit in that category?

£100K in SE England puts you in the top 5% of earners. How can that possibly not be "high"?

Take a standard 12 inch ruler and stand it on its end. £100K would be just over half an inch from the top. If someone pointed there would you say they are pointing to the "high" or the "middle" part of the ruler?

160k+, only because the tax bite point on 100k is quite harsh. Otherwise you’re working your nuts off to pay lots of tax.

This.

And I know a lot of them!

Over 100k

£495k

£90k or above. £150k is a very high earner.

Oh OP surely you realised you'd get some really silly replies! 😂

Yes but this assumes that the amount earned goes up incrementally with the % you sit in. Whereas in fact you can be top 5% and earn 100k and the top 0.1% earn 1 million+. If you try the same exercise by income and not %, the 100k earner is down in the first cm or so with everyone else.

High Income and High Disposable Income are two very different things. Our family income is nowhere near 100k... but our outgoings are relatively small (no childcare, mortgage/Council tax under £1000 per month) so we feel better off than those with a mortgage double or even triple that, a childcare bill and a salary of £100k

I'd say over about £45-50K, but my industry is notoriously low paid (yet high demand for jobs).

£50k

Around £75k is well off to me. That's our incomes combined so if someone earns that in one salary that feels like it would be life changing to me. £100k would be rich to me. £150k would be crazy rich. Above that would be crazy.

I’d love to know what most of you think a low earner is, and if you truly believe anyone earning between those two figures is “average”.

I just assumed they were stuffing it in their pensions rather than paying tax on it.

Yes but the question wasn’t “what do you think is a high take home figure” was it.

People suggesting they aren’t high earners because they have high outgoings are totally missing the point.

well, it’s MN isn’t it, where everyone has a “boot room”, 15 bathrooms and a husband that’s on millions.

Then they wake up.

80k for single person or combined household income of 120k.
To add we are anywhere near that. I would class us as low earners

I'd say £40k was a low earner.

People who think £45-50k are high earnings are usually getting £35k worth of housing benefit/child benefit/universal credit/council tax relief/prescriptions/school dinners/dental care/utility discounts/PIP etc etc, which they conveniently seem to forget.

You still earn highly, despite your tax figure and outgoings.

I get CHB and my wages and that is it; 50k is still a high earner to me.

It's relative. If you live in a private road in surrey where the houses cost £1.5m plus and there's a high end car on every drive, you might not feel like a high earner on £150k. However if you earn that and live just outside a northern City, where a similar house costs half as much, you will feel far better off.