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Income brackets: PERCEPTIONS of low and high?

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Comments

  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    I tend to think in terms of household income.... As really that's what determines lifestyle.

    .

    I do agree that house hold income is more influential. Whether that's because its a single earner in a multi person household or a single person household. The impacts of each scenario are different to a two (or more :beer:) earning house hold
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Good question OP!

    My perception is that <20K is low paid and >60K is high paid. To those lucky enough to earn more than £100K we can add other adjectives in front of high.

    Over the past 30 years the average person has become more materialistic, such that they feel positively deprived whatever they earn. If you start off with a series of pre-conceived ideas that owning a house, newish car, three foreign holidays a year and all the technology you want to buy is somehow the norm, no wonder you think that £100K is not being high paid.
    Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    BobQ wrote: »
    Good question OP!
    why thank you :)
    My perception is that <20K is low paid and >60K is high paid. To those lucky enough to earn more than £100K we can add other adjectives in front of high.

    Over the past 30 years the average person has become more materialistic, such that they feel positively deprived whatever they earn. If you start off with a series of pre-conceived ideas that owning a house, newish car, three foreign holidays a year and all the technology you want to buy is somehow the norm, no wonder you think that £100K is not being high paid.

    Thank you. :).

    (Drives creaking car with clutch that's hanging on by a thread, hasn't been overseas for a while and last actual go away holiday (in uk ) was um, about....six years ago I think? Five days in Devon. :D
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    BobQ wrote: »
    Good question OP!

    My perception is that <20K is low paid and >60K is high paid. To those lucky enough to earn more than £100K we can add other adjectives in front of high.

    Over the past 30 years the average person has become more materialistic, such that they feel positively deprived whatever they earn. If you start off with a series of pre-conceived ideas that owning a house, newish car, three foreign holidays a year and all the technology you want to buy is somehow the norm, no wonder you think that £100K is not being high paid.

    There is also the point that as people earn more money they seem to expect to have both more stuff and more money left over after buying the stuff and appear flabbergasted when it turns out that you can't spend the extra money twice!
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    There is also the point that as people earn more money they seem to expect to have both more stuff and more money left over after buying the stuff and appear flabbergasted when it turns out that you can't spend the extra money twice!

    Is this a risk just for people earning more? I mean, presumably more access to easy credit might relieve some of this frustration but is this necessarily the case? Is chucknorris's example a ore the exception that the rule?
  • ash28
    ash28 Posts: 1,789 Forumite
    Mortgage-free Glee! Debt-free and Proud!
    edited 30 January 2014 at 9:27AM
    I used to be into ornithology when I was younger, I'm still fascinated by birds of prey. When we were up at Newcastle/Northumberland at my parents last summer we were lucky enough to see one of the locally nesting pair of red kites when we were out cycling. When we were in Spain a few years ago an eagle was soaring above my dog (but at 30kg I think that he was quite safe, nevertheless I was shouting at it to get away).

    We lived in Berkshire up until late 2011 and where we lived, just off the A4 between Reading and Maidenhead there were loads of Red Kites and we used to see them every day, either over our garden or when walking the dog.....there was a country type park very near our house, with a lake, stream, woods etc, and I guess plenty of little critters for them.

    When you see them every day, you forgot how impressive they are. Our son lives in Twyford on the edge of fields and when we visit we often stand in his garden for a few minutes and watch them.

    It seems the reintroduction of them has been a huge success.
  • al25
    al25 Posts: 175 Forumite
    My two pence,

    Area = London
    <80k is Low
    80k - 250k = Middle
    1mil to 5mil= Comfortable
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    al25 wrote: »
    My two pence,

    Area = London
    <80k is Low
    80k - 250k = Middle
    1mil to 5mil= Comfortable

    Thanks al25. You seem to have the highest bands yet I think.


    Comfortable as a synonym for ' rich'? Or just a point at which you could 'relax' and not worry? Would you still personally perceive a need to feel 'uncomfortable' at annual income at £240k? For example? In that you'd worry? Or feel lack of choice?

    Again, just to make clear, no critism, just trying to explore the idea further, to get a deeper appreciation of what's lead to this perception. :)
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I tend to think in terms of household income.... As really that's what determines lifestyle.

    So for household income up here in my neck of the woods I would perceive low income as less than 50K, and high income as more than 150K. Everything between is middle income.

    What's the median income in Aberdeen do you think?
  • purch
    purch Posts: 9,865 Forumite
    Out of 47 Intermediate Zones in Aberdeen eight have below £22,000
    median household income. West End North has the highest median
    income of £51,000, which is more than double the median income of
    Torry East, which has the lowest income


    http://www.aberdeencity.gov.uk/nmsruntime/saveasdialog.asp?lID=51150&sID=3365
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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