How well paid are you?

Linda_D_2

J_i_m wrote: »

Wait... You're saying that you're paid 83% less than the national average and yet bought and fully paid off your own home with those wages?

What did you buy? A garden shed?

Did you have an inheritance or something similar, because otherwise that sounds very fairy tale (without wishing to be rude)

I bought a lovely two bedroomed house thank you and no, I didn't have any inheritance.

PasturesNew

Linda_D wrote: »

I bought a lovely two bedroomed house thank you and no, I didn't have any inheritance.

So then it comes down to:
1] When did you buy
2] Where did you buy
3] Where you in the same job, doing the same hours back then - or were you full-time/earning more back then and can now kick back a bit as you've not got to pay 2/3rds of your income on keeping the roof over your head.

JoeCrystal

Hmm... working in a factory and inputting basic wage and the wage is 58% of the United Kingdom average and 119% of the world average.

Oh well, at least it is better than world average! :)

Cheers

Joe

RenovationMan

Jennifer_Jane wrote: »

That's extraordinary. I also live at home.

Goodness me, as do I!

OK, what the hell is going on here?? :eek:

DervProf

Your wage is 113% of the United Kingdom average and 233% of the world average.

Based on latest figures, which vary a lot.

chewmylegoff

Yes! Get in. I earn more than the unlikely marriage of RM and Dervprof combined income, and I didnt even include the cash value of my dental insurance.

Generali

I do better than the local average which is higher than the UK average in turn.

What it doesn't pick up in a place like Aus are huge differences in incomes between town and country and hug differences in living costs.

The incomes are calculated at PPP $ but the AUD you earn will buy very different amounts in Sydney, a rural but not remote farming district and one of the remote Aboriginal areas in Oop North.

FTBFun

Generali wrote: »

I do better than the local average which is higher than the UK average in turn.

What it doesn't pick up in a place like Aus are huge differences in incomes between town and country and hug differences in living costs.

The incomes are calculated at PPP $ but the AUD you earn will buy very different amounts in Sydney, a rural but not remote farming district and one of the remote Aboriginal areas in Oop North.

To be fair it's the same in the UK - I live in London where my salary is still decent - however if I had the same in Manchester it'd be a different story.

Batchy

I dont really see the significance of this thread and the information in it, My house in london would cost double what I paid for it, so to compare my wages to a londoner isnt right. However, I would love to earn a london wage in worcestershire. :-D

However, my 37hrs a week, 2 min journey to and from work, ability to drop kid(s) off at school before coming in to work, and popping out for "school plays/etc" when needed, would be compromised.

Its not all about the money its the Work / Life Balance.

Just to clarify I mean, i'm nicely over twice the UK average, live in an above average 3 bed detached house in an enviable area. Work 37hrs a week, with 30 days holiday, paid sickness, with many "work insurances" for long term sickness. Reducing risks of ill health and the financial consequences of those. We have two brand new cars on our drive, go on regular holidays and have very healthy savings and 30% equity in our property at todays market rates, with another 15% in cash savings. We have healthy amounts going into pensions, and I am building up ISA's and considering a Holiday home of some kind, for entertainment, healthy lifestyle purposes.

Life is good. We are happy, and id be happier if my partner didn't work unsociable hours for 40% of my Gross earnings, but she enjoys it, and she wouldnt change it for the world, I also wont be changing mine anytime soon. It means we both have a fair bit of our "own time".

We have a great retirement to look forward to with her gold plated pension, and my private pension of healthy proportions from now until expected retirement. So if we can, we will enjoy our time now too. Its not all about paying down debt, else soon, life will pass you by. All you will be leaving behind are big balances and no fine 'memories'.

DervProf

chewmylegoff wrote: »

Yes! Get in. I earn more than the unlikely marriage of RM and Dervprof combined income, and I didnt even include the cash value of my dental insurance.

I hate you.



BTW. I'd make sure you keep the dental insurance. When RM finds out, you might well need it.