MoneySaving Poll: How much are you worth (or do you owe)?

edited 8 August 2016 at 9:18PM in Money Saving Polls
17 replies 7.2K views
Former_MSE_Sam_MFormer_MSE_Sam_M Former MSE
346 Posts
MSE Staff
edited 8 August 2016 at 9:18PM in Money Saving Polls
Poll started 26 July 2016

How much are you worth (or do you owe)?

To answer this question, you first need to do a little sum:

1. Add up: the total value of your assets such as your house, savings & pension.

2. Subtract: outstanding debts - include your mortgage, exclude student loans.

Then whether you've "net worth" or "net debt", vote for your relevant option.

Did you vote? Are you surprised at the results so far? Have your say below. To see the results from last time, click here.

If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Thanks! :)



  • One-EyeOne-Eye Forumite
    60.3K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    The results seem rather high to me...

    ... and I realised it is probably because you give no guidance on joint wealth/debts.

    For a married/co-habiting couple with a £400,000 house, no other savings, no mortgage or debts then surely "I'm worth: between £100,000 & £249,999" is correct as it does not say "We're worth: between £250,000 & £499,999"
  • EctophileEctophile Forumite
    6.3K Posts
    Tenth Anniversary 1,000 Posts Name Dropper
    I'm not surprised that so many older people are in the over £250K bracket. If you have a house with the mortgage paid off, or mostly paid off, and you have a pension fund, then you could easily hit that figure even without any other savings.
    If it sticks, force it.
    If it breaks, well it wasn't working right anyway.
  • Teacher2Teacher2 Forumite
    546 Posts
    Mortgage-free Glee!
    This rather gives the lie to the fact that young people have nothing and that the old have stolen their trousers!

    I expect that the relative prosperity of all age groups is something to do with the Moneyfacts audience being the somewhat self selecting prudent and moneywise section of society.
  • md26md26 Forumite
    7 Posts
    I seriously can't believe that poll, especially the under 25's. It makes the weekly email seem a bit irrelevant to most of it's readers.
  • I think there are quite a few porky voters on this poll
  • kriss1977kriss1977 Forumite
    219 Posts
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I'm amazed by the under 25's results although if they've been active followers of MSE since their teens, working and frugal it isn't impossible I suppose.

    This poll would be far more interesting and revealing split into male/female, home owners/non home owners, single etc. and maybe even working/student/not working as these polls usually are.

    I was quite proud of the fact I'm in the 35-49 years bracket, not a home owner, not working (and not on benefits), single and in the £100k+ bracket. I've achieved what my friends and family (homeowners or otherwise) say they can not but it has taken dedication and time investment to get to this point over the last 6 years.

    Now I feel somewhat deflated; that I should have achieved more with so many my age in the bracket above, and that my dream of buying a property with minimal or no mortgage is further off than I anticipate.
  • Hmmm...more of a liability really. It ties up vast sums of money and prevents it from being used whilst maintenance drains the remaining capital.
  • I think this whole poll is probably skewed by the single fact that many people are paying mortgages and believing that the value of the house at the present time is theirs, and then have simply subtracted the price of mortgage loan they took out. In fact, you need to consider the total cost of the mortgage over the lifetime, or at least a comparable period.

    Cars are similar: very rarely will you make money out of cars, and I think there is a misconception again that the price you pay for your car will be how much your car is worth now.

    Possibly a better poll would be to ask, after in/outgoings, and ignoring assets you couldn't easily unlock on a rainy day (i.e. your home), how much are you cash positive/negative?
  • G6JPGG6JPG Forumite
    146 Posts
    Can we please, after the sections broken down by age, have an overall result set?
  • XRATXRAT Forumite
    234 Posts
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    As most people will be in a relationship, and wondering.., should we be dividing that total by 2 ????
This discussion has been closed.
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