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Wealth distribution calculator

2

Comments

  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I’m in the squeezed middle but I don’t feel particularly squeezed but then it doesn’t take into your outgoings.
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    99% have a lower income than you.
    You are the super-rich, super-beautiful, super succesful, superbly smelling and in the top income bracket. This is thanks to your superior intelligence, and excellent work ethics.

    ...and when the Guardian says it, it must be true! :beer:
  • oldvicar
    oldvicar Posts: 1,088 Forumite
    Just had to try this out.

    According to what I tell HMRC about my income, I live in poverty. That's the figure to use isn't it?

    Other statistics confirm I live in fuel poverty - draughty big old house I can't 'afford' to heat, apparently.

    Still, musn't grumble.
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    thankfully nearer the top than the bottom. after tax income's a pain to remember, though. i'm sure that many people with a partner or spouse who works would struggle to recall their OH's net figure off the top of their head.
    FACT.
  • System
    System Posts: 178,423 Community Admin
    10,000 Posts Photogenic Name Dropper
    chucknorris wrote: »
    Yes I realise that it is flawed, it is s pity that it didn't consider assets,.


    But assets ARE wealth. Income isn't. So it isn't just flawed, it is entirely wrong!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    Clifford_Pope wrote: »
    But assets ARE wealth. Income isn't. So it isn't just flawed, it is entirely wrong!

    to be fair only wookster's subject title mentions "wealth", the article only touches on it, the numbers are clearly about income.
    FACT.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 22 June 2012 at 6:35PM
    Clifford_Pope wrote: »
    But assets ARE wealth. Income isn't. So it isn't just flawed, it is entirely wrong!

    Errr flawed = wrong! Luckily although our income comes out strong, however the value of our income is dwarfed by the value of our assets
    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
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 22 June 2012 at 7:07PM
    chewmylegoff wrote: »
    it said that we are super rich.
    Mrs_Arcanum wrote: »
    in the squeezed middle
    ringo_24601 wrote: »
    'comfortable'!
    tescobabe69 wrote: »
    You are in poverty.
    the_flying_pig wrote: »
    nearer the top than the bottom..

    That's weird. It didn't say any of that for me....

    All it said was:

    "Dear Hamish, would you like to adopt a Guardian Journalist?" ;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I've got plenty of assets, but vary my income to my needs. Even the properties break even some years, if they've needed work doing to them. So using the caculator I could be on the verge of Poverty one year and in the top one percent the next! Although it usually works out that I keep my income as a minimum, and draw down on savings when necessary.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 22 June 2012 at 7:27PM
    I'm poor :)

    Income, including interest etc is about £7k/year at present. No benefits.

    7% have an income lower than me.
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