Wealth distribution calculator

tescobabe69

PasturesNew wrote: »

I'm poor

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

7% have an income lower than me.

Do you live in a shoe box ?

oldvicar

PasturesNew wrote: »

I'm poor

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

7% have an income lower than me.

How convenient. Just below the threshold for paying income tax. Happy days :j

somethingcorporate

Interesting little tool but not massively valuable if you have a lot of deductions into pensions or can easily manipulate your post-tax income etc. I lose about a quarter of my pre-tax income before it reaches my bank account due to various share schemes and pension contributions so a look at net is not really that handy.

And missing off values of assets! bah. Plenty of asset millionnaires out there with less than £100k pa incomes that would easily fall into the very wealthy category and plenty of massive earners without any assets to their name.

PasturesNew

tescobabe69 wrote: »

Do you live in a shoe box ?

No fixed abode at the moment .... in fact I should be looking for where I am sleeping next week... this week, I moved Friday and am here a week.

Currently, my income would almost cover a rent..... so I am dipping into savings to live. I might be moving 4-5 more times this year, trying to find somewhere to live.... then I can look for "a proper job" to restock savings pot and build up my self-employment income, which was decimated due to caring duties, death, dementia, wills, probate, PoA, care homes and 1001 ancilliary services/needs to be met over the past 1.5 years... had no time for thinking about income.

nightwatchman

Apparently I am at the edge of poverty line.
How odd. I always consider my self to be comfortable if not wealthy.

Percy1983

"64% have a lower income than you.

You are in the squeezed middle: income levels have not risen significantly and you're feeling the pinch"

Ok, but I really am not feeling the pinch.