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How well paid are you?

24567

Comments

  • pinkteapot wrote: »
    It should look at the ratio of wages to cost of living.

    It does, have a look at the "how is this calculated" page. It converts your figure to PPP dollars which should take account of the local cost of living (or the local purchasing power).
    Thinking critically since 1996....
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    pinkteapot wrote: »
    It should look at the ratio of wages to cost of living.

    If you read the first post it does state.
    All figures are adjusted to reflect variations in the cost of living from one country to another
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Jennifer_Jane
    Jennifer_Jane Posts: 3,237 Forumite
    1,000 Posts Combo Breaker
    Very interesting: here is my pension result:

    Your wage is $1,471. The world average is $1,480.
    Your wage is 48% of the United Kingdom average and 99% of the world average.

    What was of interest to me was to compare my pension vs the South African average (23rd on the list, and below New Zealand, although quite a drop from NZ to RSA). Despite huge unemployment there and vast numbers of poor people, I'm still not close to their average. I always thought I would be able to live quite well, there, apparently not.
  • 92203
    92203 Posts: 239 Forumite
    Part of the Furniture Combo Breaker
    102% of the UK average, 212% of the world average. I work in IT. Seemingly a very average wage. I have found out earlier today that a lot of jobs at my work place are being moved to India. Lots of people put at risk. Glad I don't have a mortgage!
  • Mrs_Arcanum
    Mrs_Arcanum Posts: 23,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your wage is 28% of the United Kingdom average and 59% of the world average. But then I only work for about 33% of the average UK working week.
    Truth always poses doubts & questions. Only lies are 100% believable, because they don't need to justify reality. - Carlos Ruiz Zafon, The Labyrinth of the Spirits
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Very interesting: here is my pension result:

    Your wage is $1,471. The world average is $1,480.
    Your wage is 48% of the United Kingdom average and 99% of the world average.

    What was of interest to me was to compare my pension vs the South African average (23rd on the list, and below New Zealand, although quite a drop from NZ to RSA). Despite huge unemployment there and vast numbers of poor people, I'm still not close to their average. I always thought I would be able to live quite well, there, apparently not.

    Don't forget to add the accommodation,bus fare,prescription costs etc back if you own a house with no mortgage.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    OMG! I can't believe you guys!

    Don't you realise that DervProf doesn't like people to post personal financial details on his financial forum??!!

    I can't believe you are all breaking his rules! He's going to go mad at all of you for this. Expect a terse comment for each of the posters on here that have mentioned their personal financial details!

    You'll pay for this from DervProf!!
  • RazWaz
    RazWaz Posts: 1,070 Forumite
    Part of the Furniture Combo Breaker
    Your wage is 21% of the United Kingdom average and 44% of the world average.

    Guess living on UK sickness benefits isn't as wonderful as people like to make out
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    RazWaz wrote: »
    Your wage is 21% of the United Kingdom average and 44% of the world average.

    Guess living on UK sickness benefits isn't as wonderful as people like to make out

    And that is all you get?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • RazWaz
    RazWaz Posts: 1,070 Forumite
    Part of the Furniture Combo Breaker
    StevieJ wrote: »
    And that is all you get?

    ESA at the under 25s assessment rate is less than £55 per week, and housing benefit is £60 per week in my area. This is all I am currently entitled too as I'm 21.

    I do have a DLA claim being considered at the moment, and I'd get more if it is accepted, but they may reject me and the rates would stay the same. Single healthy people under 25 would only get this much on JSA too.
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