how many people on here are millionaires (including "on paper")

Babbawah

{waves}.

I'm a £millionaire several times over . . . but only on paper :-(

In fact, I probably have less loose change lying around than the average dole wallah.

System

lisyloo wrote: »

No, I'd deduct debts from net worth.

You have to deduct your share of National Debt too. We are all broke, "on paper".

Killerseven

If I exchanged all my pounds for yen then Im a millionaire :T

HulkRogan

I am no millionaire yet, though I am pretty young still. I mean just look at my avatar.

Loughton_Monkey

HulkRogan wrote: »

I am no millionaire yet, though I am pretty young still. I mean just look at my avatar.

All is not lost. What you need is just over 10% inflation for 45 years, after which minimum wage will be about £1,000,000 a year for a 40 hour week.

DreamerFTB

You can trust me as a millionaire if you don't look for my posts in the mortgage section.

And I think I am moving soon to Nigeria.

N1AK

TheBlueHorse wrote: »

I'm not. But I am not that far away.

There will be a few on here, though I wouldn't take any poll/discussion results too seriously. If there's one thing that's less reliable than chance it's asking a bunch of forum posters to answer something like this!

I personally still feel that millionaire means something (as that means £2 million for a couple, inc assets, and accounting for debt), although chuck is right that it certainly doesnt mean what it did in the 90's, or earlier.

A couple of decent final value pensions are worth well over a million, add on a decent house and some savings... It's one of the thing's that really bugs me (though I bite my lip) when I talk to friends in the police, military or other public services with good pension schemes. They get incensed about 'low pay' but completely discount the huge value of the fixed pension often starting early.

lisyloo

I personally still feel that millionaire means something

The top 1% is £530K I believe, so yes, it still means something.

A couple of decent final value pensions

The vast majority of couples I know, don't have 2xfull time equivalent.
Often one (usually the woman) has found a job (like teaching assistance) to work around picking up the kids from school.
I'm not saying that's everyone, but career couples are not the norm

Yes agreed, those final salary pensions are very valuable but becoming less common.

michaels

lisyloo wrote: »

The top 1% is £530K I believe, so yes, it still means something.

I thought (may be wrong) that 530k was global top 1%, presumably for the UK it is a fair bit higher?

Not googling very well but in 2008-10 it too 437k to be in the top 10%

chucknorris

N1AK wrote: »

A couple of decent final value pensions are worth well over a million, add on a decent house and some savings... It's one of the thing's that really bugs me (though I bite my lip) when I talk to friends in the police, military or other public services with good pension schemes. They get incensed about 'low pay' but completely discount the huge value of the fixed pension often starting early.

I've been in the public sector now for almost 5 years, I will probably retire next year. I'm not just doing it for the money, but if it wasn't for the value of the pension, I would have probably already retired. It isn't just the accrued pension, the additional pension that you can buy is also quite a good deal (although nowhere near the value of the accrued pension), but I have now reached the max that you can buy within the teachers pension scheme.