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Wealth distribution calculator

Interesting little toy from the Guardian:

http://www.guardian.co.uk/society/datablog/interactive/2012/jun/22/how-wealthy-you-compared

Won't say where I am but it is kind of cool to see income distribution charted.
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Comments

  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Wookster wrote: »
    Interesting little toy from the Guardian:

    http://www.guardian.co.uk/society/datablog/interactive/2012/jun/22/how-wealthy-you-compared

    Won't say where I am but it is kind of cool to see income distribution charted.

    Won't say where I am but it is kind of cool to see income distribution charted.[/QUOTE]

    it said that we are super rich, but then i realised it was post-tax not pre tax and we are now considerably less rich than i had at first believed. :(

    anyway, any thing which says you are wealthy based on your income is a load of tripe. assets define wealth. this thing suggests you are "super rich" if you have a pre-tax income of about £125,000.

    seems unlikely that you'll be buying a premiership football club and swanning around on a yacht on that sort of money.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'm not sure I believe where it places us, I'm sure there are plenty more people wealthy than us than this indicates
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    I can never be in poverty. Great...My weekly income/profit from self employment is £40 a week then add tax credits, housing benefit and council tax benefit and my annual after tax income is £10,500 per year. 25% of people earn less than that. If I was on JSA my after tax income including housing benefit would be £9,300 and 18% of people would still earn less than me....somehow. If I had a full time PAYE job at £7.30 an hour £14,250 a year before tax and got £12,220 after tax and not entitled to any further benefits then there would be 35% of people earning less than me.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I'm not sure I believe where it places us, I'm sure there are plenty more people wealthy than us than this indicates

    the top 1% will include a massive range of people from say £125kpa up to tens, hundreds of £millions a year.

    but what it does still tell you is that 99% of people don't have as much income as you - still tells you nothing about assets though.
  • purch
    purch Posts: 9,865 Forumite
    According to this widget if our income was £22,000 pa after tax we would be living in poverty :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 22 June 2012 at 3:44PM
    the top 1% will include a massive range of people from say £125kpa up to tens, hundreds of £millions a year.

    but what it does still tell you is that 99% of people don't have as much income as you - still tells you nothing about assets though.

    Yes I realise that it is flawed, it is s pity that it didn't consider assets, although tbh it is really irrelevant, what is more relevant is whether you are happy with what you have (which we are).

    But I was nosey enough to try it out.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Mrs_Arcanum
    Mrs_Arcanum Posts: 23,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You are in the squeezed middle: income levels have not risen significantly and you're feeling the pinch. - Just about sums things up for us. :(
    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
  • Hurrah for being 'comfortable'!
  • System
    System Posts: 178,422 Community Admin
    10,000 Posts Photogenic Name Dropper
    Apparentkly I'm well-off.

    I don't feel "well-off"
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • tescobabe69
    tescobabe69 Posts: 7,504 Forumite
    3% have a lower income than you You are in poverty, with a household income below 60% of the median.
    Ah well, never mind.
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