Handy little website courtesy of the IFS - "Where do you fit in"?

HAMISH_MCTAVISH

tommy75 wrote: »

I bet Martin didn't know that his forum was mainly used by the top sector of earners in the UK on massive salarys. Perhaps you should introduce a stocks and shares sub forum area that you have to pay to get into for these big hitters Martin so they can waddle off and argue about which shares will make them the most k's in the same day. Maybe then us few mere mortals can moan and complain about the self certified mortgages and vast corruption of the last ten years and how generations will have to suffer for the greed of these poor excuse's for humans who have 6 holidays a year and come here to boast about it, then spout utter rubbish that Average Joe shouldn't be able to provide a roof for his/her children.

:rolleyes:

Bitter much?

before_hollywood

i dont have a sparkling job but i take advantage of the government rent a room scheme, i assumed it as a 1 person household, mainly as i dont know what my lodger earns (i know what she does and what grade she is, i could google it if i could be bothered) but i took into account her payment to me and discretionary bonuses that we get

With a household after tax income of £318 per week, you have a higher income than around 63% of the population - equivalent to about 37.7 million individuals.

dont show my boss he will think i earn too much

1echidna

Graph shows quite a clump of high earners on this board. I wonder if it accounts for the strong streak of bigotry, cynicism and downright nastiness to people struggling in less fortunate circumstances.

Jennifer_Jane

Thanks so much for posting this website, mbga9pgf, I've found it very useful to see the context I'm in.

Am retiring on Monday, and it's going to be a little worrying whether I can afford council tax, heating, etc on a salary that I can't do much to improve on. So, for the record, I am above 24% of the population.

Very interesting website. Thanks for posting.

Jen
x

julieq

mbga9pgf wrote: »

Hang on, how will increased volumes decrease rates? More houses competing for less money decreasing rates? I Dont think so!

Supply of mortgages, obviously, i.e competition between mortgage providers.

mbga9pgf

julieq wrote: »

Supply of mortgages, obviously, i.e competition between mortgage providers.

Your really dont get the idea behind a credit crunch do you? you certainly dont understand that the levels of lending that were available back in 2007 are gone forever!

Cleaver

fc123 wrote: »

Mate..make the most of it.
I have a close relative like you..earnt well, solo then ...Bam...early 40's, wife, 2 kids born close together, then....not enough space....oh dear, schools are a bit tricky in their area........poor as a churchmouse now (in terms of play money) but earns masses according to the index.

And kids take 2 decades to pay off...each. So, 3 kiddies, a 2-3 year gap bewteen each one...you are looking at penury for 28 years...plus, even if wife earns and works same as now..there's The Childcare Costs...huge.

Oh yes, well aware of the above FC. And it's the reason why holidays are our only main vice. We have a normal car, no desire for trendy clothes, live in a pretty small flat (proximity to stuff is more important to the property itself) and we're damn careful with our money. Not tight you understand, just that we account for and discuss every pound we spend and ensure we wanted to spend it.

Still don't reckon we'll do the whole kid thing. But you never know.

We were discussing recently that when we met at work in 2001 we were both on £3.60 an hour and we had just as nice a life then really. Smaller scale of course, but just as much fun. And I feel that every job we've got was because we earned the right to get it, through working hard and qualifications we'd gained.

Sorry, I sound like I'm trying to justify because I re-read my original post and it sounded a bit arrogant. Didn't mean it that way.

julieq

mbga9pgf wrote: »

Your really dont get the idea behind a credit crunch do you? you certainly dont understand that the levels of lending that were available back in 2007 are gone forever!

Where did I say that they needed to be?

I'm just pointing out that the condition for base rates to rise is a general recovery, and one of the prerequisites of a general recovery is a relaxation of credit restrictions. We can tick along for years on low rates in a depressed economy, but if they rise there will tend to be a corresponding convergence of base and mortgage rates because of more competition to lend money.

Anyway the proof of the pudding is in the eating, so let's see, shall we?

Cleaver

tommy75 wrote: »

I bet Martin didn't know that his forum was mainly used by the top sector of earners in the UK on massive salarys.

Just to be a pedant, the website doesn't put people in the top percentiles for having 'massive salaries'. It looks at salary as one aspect, but then also at the number of children and council tax.

The nature of this board will mean that many posters will be younger people with an interest in purchasing a house and may therefore live somewhere cheap at the moment (i.e., low council tax) and may also not have children. And at the risk of saying something really ill-informed, maybe the subject matter of the economy and recession (rather than saving money) means that this board might attract people who are more comfortably off than those looking for cheap tins of beans on some of the other boards. But that's a real generalisation, as I think we're quite comfortable but I still love a bargain.

However, I guess the simple explanation is that the internet is full of people who lie about their salaries because no one will ever really know.

mbga9pgf

julieq wrote: »

Where did I say that they needed to be?

I'm just pointing out that the condition for base rates to rise is a general recovery, and one of the prerequisites of a general recovery is a relaxation of credit restrictions. We can tick along for years on low rates in a depressed economy, but if they rise there will tend to be a corresponding convergence of base and mortgage rates because of more competition to lend money.

Anyway the proof of the pudding is in the eating, so let's see, shall we?

We shall. and you are backtracking like a good un may I add.