Income brackets: what is prception of low/middle high

SingleSue

SGE1 wrote: »

Isn't it all relative to age? I would say that someone earning £40k at the age of 40 is a mid earner. But someone earning £40k at 21 is a high earner What about earning as many k as you are old?

low earner: <your age -10k
med earner: your age +(-9k to +10k)
high earner: >your age +11k

Lol by that and with my age it would be 28k for a low earner, 29k-48k for a mid and 49k for a high earner.

Right now I would love half of the low earner income.

SGE1

SingleSue wrote: »

Lol by that and with my age it would be 28k for a low earner, 29k-48k for a mid and 49k for a high earner.

Right now I would love half of the low earner income.

Not quite... up to 28k for the low earner; and from 49k for the high earner. Ie, those figures are respectively the top and bottom ends. I know it's semantics, but I came up with those figures pretty quickly, just to illustrate the concept. They also refer to people in full-time employment, I should have said.

And are you saying that aged 38, you're earning less than £14k?? If that's the case, according to my little theory, you're a low earner - isn't that what you would argue?

Gorgeous_George

Low - less than me.

Medium - a bit more than me.

High - a lot more than me.

Maybe a low earner is one who needs benefits to pay their way in the world. A medium earner is one who just earns enough to avoid benefits and a high earner pays 40% tax. There's also the hideous earners who take (I cannot say earn) £millions.

GG

sjaypink

low: less than about 16k (20k for a family).

high: over 50k.

(again as an individual- i wouldnt class joint earnings of 50k as a 'high earning family' probably over 70k.)

vivatifosi

Did anyone else watch 'What Britain Earns' by Peter and Dan Snow at the beginning of the year? Apparently only 10% of the UK population earns over £46k per year. I couldn't find the programme on the net as a download, but there's an ok article about it here:

http://www.sundayjournal.ie/watch-it-miss-it-with-andrew-quinn/What-do-you-earn.3662057.jp

Davesnave

michaels wrote: »

What always disappoints me is that public sector workers insist on fairly equal wages around the country - resulting in huge differences in spending power across the country - it would be best if wages were negotiated locally so that they were set at an appropriate level across the country - for example currently teachers are well off in some parts (Wales for example rarely has teacher vacancies) and not in others - London for example so the Welsh schools get the pick of good teachers whereas London schools must almost take who ever applies and thus standards in London are much lower

I think you'll find that the ability to speak Welsh is a requirement in many Welsh schools, thus limiting the choice of teachers. There are also cultural, social & logistical differences that would make Wales less attractive to many teachers, though they might make the area more attractive to others. (More young people leave Wales than enter the country as new residents each year.)

In any event, it is unlikely that someone contemplating a post in, say, Tower Hamlets, would also be considering another in Tregaron. Not impossible, just unlikely!

Cleaver

SGE1 wrote: »

Isn't it all relative to age? I would say that someone earning £40k at the age of 40 is a mid earner. But someone earning £40k at 21 is a high earner What about earning as many k as you are old?

low earner: <your age -10k
med earner: your age +(-9k to +10k)
high earner: >your age +11k

I earn my age + 12k! So, yay!

My wife earns her age - 12k. So, boo.

I guess we're mid.

fc123

It also depends on how many people the wage has to support.

Single man on 80k equals good living.
Same man with SAW + 4 kids; just gets by in London / SE.

From a london perspective I would say;

150k+ HIGH

70k MEDIUM.

Under 30k LOW.

zarazara

if the above is correct then we are on a pittance.

MoaningMyrtle

Interesting thread, my perception would be:

Low - under £12,000
Mid - over £30,000
High - over £50,000

These are all for one person, regardless of age, working full-time.