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

neverdespairgirl

mitchaa wrote: »

As to my wifes car, I'd soon rather my little 1 in a new age mini than in an old age rustbucket.

Our R reg car has precisely no rust on it.

jackieb

Why are some people so hard on those who they perceive to have high incomes? What's wrong with trying to get on in life? If you had the choice of earning a comfortable amount, wouldn't you want to? Sounds like sour grapes to me. Where's the incentive for people to push themselves if you want them to be taxed even more? £100k isn't a huge amount these days - and I think they've probably earned the right to earn what they do - and they pay quite enough in tax as it is.

Some people are never happy with others lifestyles - be they earning £100k a year or they're on benefits. There's no pleasing some people on here.

Someone in an earlier post said they didn't see the point in earning a salary that would take you to the 40% tax bracket. That's madness. I can't believe someone would have so little incentive to earn more if they were able to. Not everyone who earns a good salary, wears a suit to work and sits in an office all day - some of them do get their hands dirty and work long hours.

Harry_Powell

mitchaa wrote: »

But yet borrow money for a house, it's the same logic you are using

If you can afford the monthly payments, you can afford the car, the house, or whatever it is you are financing. Car should never be seen as an investment, the same way the latest TV or the carribean cruise shouldn't be.

Some get their kicks from going to concerts, some get their kicks from spending their lives behind an xbox controller and some get their kicks from driving nice cars. We are all different, some just see cars as a mode of transport in order to get you from point A to point B. (NDG for example) Me, I am a car enthusiast, I love driving, I love hurtling down the motorway, late at night, listening to music, trapped in my own little world, peace and quiet from the wife and the child without a thought or care in the world. I like racing round a track at silly speeds and the adrenaline rush that gives me. I like having nice cars, come on who doesn't? You dont spot any rich or famous stepping out of beat up old rust buckets do you?

We are all different.

A house is one of the necessities I mentioned, so is a fridge (I'd not hesitate to buy one on credit if my old one died and I was skint). Even a car is a necessity for some people if they require it for getting to work, though clearly we don't need to spend a fortune to get a reliable car to get safely from A to B.

I actually don't have an issue with people debting themselves up. It's their life after all, but you see so many of them on the DFW and bankruptcy boards or on the media wailing about how cruel life is when in reality they had the income in the good times to protect themselves financially and yet chose to spend it on frivolous things. When the bad times arrive they're the first to start bleating on about being 'unlucky'.

As far as rich people are concerned, I'd point out that many of them drive cars that are plain ordinary and Jurgan klinsman used to turn up at our ground in a 1970's VW Beetle. He sold it on ebay and advised people not to buy it because it was full of rust. Class!

I doubt that truly rich people buys their cars on finance.

[Deleted User]

jackieb wrote: »

£100k isn't a huge amount these days

I believe it is this kind of quote that upsets people.

Sorry, but £100k is still a significantly big salary when you consider that if you earn £31,759 you are in the top 25% of earners (http://news.bbc.co.uk/1/hi/8151355.stm).

Earning £118k puts you into the top 1%. Now, if 99% of the people earn less than that - don't you think saying it wasn't a lot of money would be quite contentious?

I definitely aspire to earn a good salary - but i think i'd get a bit upset if i became one of those cocks who competes with their neighbours about who has the best BMW or holidays, at the end of it.

JonnyBravo

mitchaa wrote: »

Jonny, both my cars have 5* safety ratings, if i bought based solely on my childrens needs, i wouldn't be driving a 'sportscar' that hit 60 in 5. As to my wifes car, I'd soon rather my little 1 in a new age mini than in an old age rustbucket. Ncap ratings did in fact play a part when she decided on what small car to buy. You will also note that in the child test, the 18mth old child was in the rearward facing position, a little silly considering children are moved to forward facing come 12mths. My little 1 is now 2.

Well you're talking a lot but a quick check of actual facts shows you're talking yourself into a hole.

The Audi TT is a 4 star NCAP rating (old TT model), and that is for adult occpants only. It wasn't possible for them to test the safety for children..... quote....
Child occupant
The TT is a two-seater and, because cars are tested with the front seats occupied, there was no room for a child restraint. However, the passenger airbag could be turned off using a key-operated switch inside the glove box. A warning light is positioned between the seats and aft of the gear lever.

If it's a new Audi TT it hasn't even got a rating due to not having been tested. But you looked that up right?

The Mini has 5 stars if it's a new one (for adults in the front) but only four if it's an older model. It's child rating is 3 stars. But you know this cos you looked it up right?
You'll also know that NCAP follows the car manufacturers guidelines on where to seat and how to seat the children. I'm sure you've checked how to do this in the Mini as, for you, safety is paramount. (It's unclear incidentally from the test results whether they were backward facing or not, but some websites suggest they wouldn't have been backward facing for those ages in a Mini)

mitchaa wrote: »

My point was not based around the merits of the particulars of current Ncap tests, it was an old vs new technology point that i was raising.

If that was your point then I'd agree, but you went on a holier than thou crusade of a few grand not being worth your child's safety. For you safety was "paramount".
Whereas what you meant to say was it was in your decision like NDG's but so was "appearance" and all it entails. It wasn't paramount, and yes it may have been higher on your agenda than NDG's, but frankly having now seen how wrong your "research" is I'm not so sure you even looked it up before buying.

In reality we buy cars for a whole host of reasons, someone elses reasons can be different to yours and still be valid.
In all honesty lets consider just how likely that NCAP rating is going to come into play in any meaningful way. It's unlikely....... the skill and attitude of the driver is much more important.
Does NDG pootle round London at 15mph mainly? Do you tear up and down the A roads of Scotland in your impressive sports car at 60mph using your 0-60mph to burn off those in slower cars??

It is this that will determine your childs safety far more than any star rating.

movilogo

I find it very difficult to believe that 2.5 million household has £100k/year income

because

today's news says there are only 2.9 million individual in UK who pay higher income tax. It was down from 3.9 million last year due to economic downturn.

I understand the difference between household and individual, but still numbers do not match.

SingleSue

JonnyBravo wrote: »

Well you're talking a lot but a quick check of actual facts shows you're talking yourself into a hole.

The Audi TT is a 4 star NCAP rating (old TT model), and that is for adult occpants only. It wasn't possible for them to test the safety for children..... quote....
Child occupant
The TT is a two-seater and, because cars are tested with the front seats occupied, there was no room for a child restraint. However, the passenger airbag could be turned off using a key-operated switch inside the glove box. A warning light is positioned between the seats and aft of the gear lever.

If it's a new Audi TT it hasn't even got a rating due to not having been tested. But you looked that up right?

The Mini has 5 stars if it's a new one (for adults in the front) but only four if it's an older model. It's child rating is 3 stars. But you know this cos you looked it up right?
You'll also know that NCAP follows the car manufacturers guidelines on where to seat and how to seat the children. I'm sure you've checked how to do this in the Mini as, for you, safety is paramount. (It's unclear incidentally from the test results whether they were backward facing or not, but some websites suggest they wouldn't have been backward facing for those ages in a Mini)



If that was your point then I'd agree, but you went on a holier than thou crusade of a few grand not being worth your child's safety. For you safety was "paramount".
Whereas what you meant to say was it was in your decision like NDG's but so was "appearance" and all it entails. It wasn't paramount, and yes it may have been higher on your agenda than NDG's, but frankly having now seen how wrong your "research" is I'm not so sure you even looked it up before buying.

In reality we buy cars for a whole host of reasons, someone elses reasons can be different to yours and still be valid.
In all honesty lets consider just how likely that NCAP rating is going to come into play in any meaningful way. It's unlikely....... the skill and attitude of the driver is much more important.
Does NDG pootle round London at 15mph mainly? Do you tear up and down the A roads of Scotland in your impressive sports car at 60mph using your 0-60mph to burn off those in slower cars??

It is this that will determine your childs safety far more than any star rating.

I bought my car because it fitted into the amount my parents were willing to lend me (my Audi A4 had just gone bang big time and they were peed off with me borrowing their car) and that I could pay back in a timely fashion without too much stress.

The items that was taken into account on my search was - Is it big enough? Is it diesel? Does it have a decent size boot? Is it mechanically sound? How many miles has it done? What service history comes with it?

I didn't have thousands to buy a car with, I had less than £600 (the upper limit my parents imposed), I just needed to get a car which would get us from A to B, B to C and then back to A again on the school run.

Mind you, I am one of those very boring drivers that counters in road and weather conditions and adjust my driving to suit....and I never exceed the speed limit.

jackieb

ringo_24601 wrote: »

I believe it is this kind of quote that upsets people.

Sorry, but £100k is still a significantly big salary when you consider that if you earn £31,759 you are in the top 25% of earners (http://news.bbc.co.uk/1/hi/8151355.stm).

Earning £118k puts you into the top 1%. Now, if 99% of the people earn less than that - don't you think saying it wasn't a lot of money would be quite contentious?

I definitely aspire to earn a good salary - but i think i'd get a bit upset if i became one of those cocks who competes with their neighbours about who has the best BMW or holidays, at the end of it.

Of course, it's a good, decent salary, but I still don't think it's huge. If someone earns £20k they're going to think they'd feel rich if they made £100k - but believe me, the more you earn the farther away the 'i'm rich' salary is.

My husband made £80k last year. We never go abroad on holidays. We own one car, which is almost 8 years old. If you saw me there's no way you'd think we had that money coming in. We've already put one son through college, and are putting another 2 through just now. I work part-time just to pay their bus fares and lunches. In the past we've had to rely on family to buy us food - we've lived in a 2 bedroomed house with 4 children - that's just an incentive to get yourself a better job.

ukcarper

I have never had a new car no desire to have one but I have spent a lot of money indulging in my hobbies so if driving a nice car is one of your hobbies I can't see any harm in it. But I wouldn’t say I was not well off because after paying for my hobbies I didn’t have any spare cash.

[Deleted User]

jackieb wrote: »

Of course, it's a good, decent salary, but I still don't think it's huge. If someone earns £20k they're going to think they'd feel rich if they made £100k - but believe me, the more you earn the farther away the 'i'm rich' salary is.

My husband made £80k last year. We never go abroad on holidays. We own one car, which is almost 8 years old. If you saw me there's no way you'd think we had that money coming in. We've already put one son through college, and are putting another 2 through just now. I work part-time just to pay their bus fares and lunches. In the past we've had to rely on family to buy us food - we've lived in a 2 bedroomed house with 4 children - that's just an incentive to get yourself a better job.

You work part-time to pay their bus fare? I hope you've made sure they all get weekend jobs! My parents were in a near exact financial situation (2 kids, not 3) and my allowance/pocket money at college was dependant on a saturday job. Their financial support during uni was conditional on me working during the summer.