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

abaxas

Just to add,

I like to have the thought that I could, even though I dont.

What I mean by this is... If my car blows up, I can fix it. My work computer dies, I can buy a new one. I want a holiday, I can. All without credit.

Not, I have to have a holiday, I want a new car, etc etc. It's my right INNIT.

That is my version of happiness and yes I am happy :>

mitchaa

abaxas wrote: »

What we did was convert from buying prepaired food to fresh. Also not buying supermarket fruit and veg makes a huge difference.

For 2 we spend about £150-200 a month on all food apart from meals out. And eat well. Infact better when we ever have :P I beleive it's sweet potato and coconut curry tonight ! And since I work from home, had a lovely fish pie for lunch.

In terms of cars. We run an A3 and a polo, working out at about £700 a month to buy, fuel and run! What are you driving?

Im not saying that we couldn't cut back, of course we could. The little lad probably does add £100pm onto the shopping bill in terms of nappies/wipes/milk, yoghurts etc, but £500 is easily do-able considering work lunch costs in there aswell.

I drive an Audi TT-S, was £37k new a few months ago, put down around £12k as a deposit and financed the rest. It keeps me happy, and no im not a gay hairdresser:rotfl: The missus has a Mini cooper and that keeps her happy.

I know its a lot to spend on bits of depreciating metal but its what keeps us happy.

Alan_Cross

The OP shows why it is so hard to get people to pay taxes.

With people living on amounts like that and not acknowledging that they are modestly wealthy, it's little surprise.

What you do wonder about is, if they really do consider themselves to be 'middle earners', how do they regard a household of, say, 2 x £15k. Presumably their logic would dictate that it must be regarded as a poverty situation.

Now then, on that basis would they agree to more tax being levied to support such households...?

Would they, hell. Most of them are paid-up members of the tax-anyone-but-me brigade.

PasturesNew

lostinrates wrote: »

PN, really, it is very possible to mix outside income bracket....I'm sorry for anyone who doesn't really: either because they don't realise and are dull of wit, or because they do realise and are narrow of mind.

It's very difficult to be in the places where people who earn more are hanging out and doing stuff.

I only ever seem to meet people on the dole. Except online, which is why I am here so much.

PasturesNew

mitchaa wrote: »

Im not whinging about it, it's just what I/we spend our money on.

But the thing is, the way you spend your money, the treats and luxuries you have, are "rich", you're living the dream ... so why aren't you feeling that? Surely feeling rich is having those things, being able to do that stuff.

Heck, I'd feel rich if I spent £2 on a cheesecake as a birthday treat! Which I didn't. For this year's birthday treat I went and bought some chips and ate them from the wrapper in the street.. boy that was fun! It was like going back years.

bryanbukowski

From speaking with many of my clients, they very much gauge 'richness' on how much work they put in to the amount of money they get out.

For example many £100k earners arguable put in £100k worth of work each year, so why should they feel overtly 'rich', they've earnt there income.
On the flipside, small business owners who bring in £30k a year from visiting their offices once a week would consider themselves 'rich' due to the amount of work they currently are putting in.

This would certainly explain why so many people doing 70 hour weeks, don't feel rich!

kabayiri

Alan_Cross wrote: »

The OP shows why it is so hard to get people to pay taxes.

It's surprisingly easy to tax a family who have an income of 100K I'd say.

Many of these will still be PAYE, and if there are 2 adults in the higher bracket of tax, they will be pay a solid wedge of tax.

Move up the pay scale, to 1m a year income, and things become different altogether. These people have advisers and are able to receive that income in a variety of tax efficient forms.

I'd say, as a target, middle income Britain is a sitting duck for a government desperate for more cash.

PasturesNew

mitchaa wrote: »

I know its a lot to spend on bits of depreciating metal but its what keeps us happy.

awww ... aren't you happy with each other then?
:P

dave4545454

it's all relative, i consider myself rich money wise as well as happiness wise and my job is unpaid.

PasturesNew

bryanbukowski wrote: »

This would certainly explain why so many people doing 70 hour weeks, don't feel rich!

My weeks are about 70 hours ... I'm not rich. It's about £150 for the past 7 days, which would annualise to £7,800 if things keep being dire. I would add that I don't top that up with any benefits. Income when you're self-employed is a moving target and so you can't fill in the forms.... and I'm always sure that tomorrow things will be better .... tomorrow.... any day now ... it'll go up again. This month's been absolute suicide income wise. Might just forget it for the rest of the month, except I can't... have to keep tweaking/trying.

This amount is less than rent/ct/jsa would be if I were signing on and doing nothing.