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2.5 Million Families on £100k/year Don't Feel Rich

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  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    neverdespairgirl wrote: »
    Teachers are on more than £25k, on average! My mate's a history teacher, Home Counties, 5 years in to her career, and on nearly £40k.
    http://www.tes.co.uk/article.aspx?storycode=6000186

    http://www.tes.co.uk/article.aspx?storyCode=6018413
  • ixwood
    ixwood Posts: 2,550 Forumite
    As a few of the 100ker's illustrate, I think lifestyle inflation is the answer.

    Not many people can stop their outgoing going up with their incomings. Bigger house, bigger cars, bigger holidays, bigger everything.

    The middle classes love to look wealthy with conspicuous consumption becoming the norm.

    Personally, If I was in a 100k household, I'd be thinking/planning about how early we could retire and enjoy life. Not continuing to slave away for the rest of my life, choosing which £150 pair of jeans to buy, or whether the 2nd hoilday should be Mexico or Jamaica this year.
  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    neverdespairgirl wrote: »
    Teachers are on more than £25k, on average! My mate's a history teacher, Home Counties, 5 years in to her career, and on nearly £40k.

    Clearly your mate is not just a history teacher they have other responsibilities as well.
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    I think its all too easy to pigeon hole peopke into th you earn 100k so must be rich. Based on the poor/below average/average/comfortable/rich we could easily fall into 3 or 4 of the catagories.

    on one hand our cars are never new. I would rather someone else took the biggest hit on depratiation. Not been abroad since 2007 nor had anything more than a long weekend in middle england since then. This seems to mean i/we for into the below average catagory. Yet we can possibly be average because when my washing machine broke we had an emergancy fund and we had the coice of models with the main factor being performance not price KWIM.

    We may also be comfortable because we have a cleaner for 4 hours a week.

    I would probably say we were someplace between average and comfortable. Joint income around 45-50k depending on how things go over the year, low housing costs yet we run 2 cars, have luxury items when we want within reason and have a fair bit of disposable income to cover unexpected problems like washing machine dying but only because we do have a budget all be it a loose one.
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    mitchaa wrote: »
    There can't be many jobs paying that kind of salary, what do you do for a living? GP with own practice? Banker? Managing director of a worldwide company?

    Why do you drive around in a 10yr old car when you have £7-8k hitting the bank account every month? Safety concerns would be my first thought, did they even NCAP test cars 10yrs ago?

    We have an R reg car, about 11 years old, I think. Perfectly safe, works well. Why shell out for a new one for the sake of it?
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    fedupfreda wrote: »
    We both have jobs we can just about tolerate (I've never known anyone who actually liked the job they did, it was just a means to an end :D)

    I like my job.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mitchaa wrote: »
    ...did they even NCAP test cars 10yrs ago?
    New term to me... I've never heard of NCAP.

    If I were buying a new car, I'd be looking at how much it was costing me and the mpg, insurance group and tax disc band.

    So I'd pick the cheapest, with the highest mpg and lowest insurance/tax, to minimise the cost per mile.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    PasturesNew wrote: »
    http://www.tes.co.uk/article.aspx?storycode=6000186

    http://www.tes.co.uk/article.aspx?storyCode=6018413

    Makes sense from that - she's on several years' worth of increments, near London, and gets an extra wedge for being a highly-approved teacher or something.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    olly300 wrote: »
    Clearly your mate is not just a history teacher they have other responsibilities as well.

    Well, at the moment, she's on maternity leave (-:

    She's a history teacher, plus gets an extra whack for being a form tutor, I think, and a bonus for having been assessed as an extra-good teacher.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    PasturesNew wrote: »
    New term to me... I've never heard of NCAP.

    If I were buying a new car, I'd be looking at how much it was costing me and the mpg, insurance group and tax disc band.

    So I'd pick the cheapest, with the highest mpg and lowest insurance/tax, to minimise the cost per mile.

    NCAP kicked off in 1997, according to Wikipedia.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
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