Are you worth more than you earn? Poll results/discussion

Rainy_2

sdooley wrote: »

Unless you've just lost your job I don't see how A-C are possible. No-one would lend to someone with that much debt surely? (not counting mortgages which will have a matching asset). M-N will be mostly pensioners I suspect.

Unfortunately it's possible for me! I'm self employed and just opened my second shop so I have loans to cover set up costs etc. and I'm not earning any wages from it...yet!

chardir

And the prize for most complicated poll ever goes to... MSE Lawrence! :rolleyes:

MSE_Martin

chardir wrote: »

And the prize for most complicated poll ever goes to... MSE Lawrence! :rolleyes:

Nope - this ones all mine - MSE Lawrence just put it up for me

sdooley

geri1965 wrote: »

I can't work it out accuratelt as I have no idea of the value of my pension, endowment policy and death in service benefit (if that counts).

If I do a very rough guess using value of house + savings minus mortgage (no other debts) then I fall into J.

Death in service benefit doesn't count. I have 4 x salary but it's not an asset, I can never use it. (In fact attempting to transfer it for payment or borrow against it will normally void your family's claim, depending on the terms of the trust).

sdooley

Although "are you worth more alive than dead" is an interesting one. I'm definitely worth more dead than alive to my loved ones in purely fiscal terms but I'd hope they'd see it differently in general!

teddyco

Britain has proved yet again that the Siren's Song of Socialism with all its' gold-plated promises and sugar coated dreams doesn't work for British families.
This is the REAL reason why so many folks are struggling with expensive bills and lowest levels of expendable income for the last decade.
Labour always runs out of money and that's still true today!
It's not just a case of getting the Conservatives in power; It's a case of forcing them to make the required changes to the give-away social programs that are strangling this country.

doctorthoughtfull

I ticked box "N",,,, but as I only earn £6000 a year the value of assets is little

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stogiebear

Unfortunately this poll is so complicated and badly worded that no information can be extracted from it. That's a pity because how people look at their own financial worth is an interesting subject to pursue.

Charis

If you have been made redundant and are living in your car, provided the car is your own you are liable to be at the top of this league. Value of car divided by JSA = .....

horsechestnut

I come out as N because I am retired. It is because my income is low and I am not in debt.
However I have to watch every penny!!!