Wealth in UK

[sunnysan]

http://www.newstatesman.com/society/...british-income


Above a link to quite an interesting article detailing the breakdown of class and the emergence opf wealth in the UK as a definer of social status


Interestingly one of the definitions of "wealth" is a couple earning 60k+ with 2 kids?

I am not sure but living in a nice place in London, running a car, supporting 2 kids on 60k?

I dont think so.

[gingerjedi]

It may come as a surprise to some of you but most people in the UK don't live in London therefore they can live quite happily and even consider themselves quite wealthy on 60k.

[Tensai]

http://www.newstatesman.com/society/...british-income


Above a link to quite an interesting article detailing the breakdown of class and the emergence opf wealth in the UK as a definer of social status


Interestingly one of the definitions of "wealth" is a couple earning 60k+ with 2 kids?

I am not sure but living in a nice place in London, running a car, supporting 2 kids on 60k?

I dont think so.

£60K each would make them comfortable-ish. I've been reading Felix Dennis' book "How to be rich" in which he states being comfortable poor as having £1M to £2M in assets....

Long way to go methinks.....

[gingerjedi]

I suspect that when I was contracting I was in the wealthy category in this neck of the woods.

That ain't saying a lot mind...

Sshhh... they don't like money in the Rhonda Valley boyo.

[gingerjedi]

Well, there's tidy then...

Isn't it.

[HairyArsedBloke]

It’s alright for you rich folks!

I am very, very poor. No assets to my name and no income either.
That’s my story and I’m sticking to it.

[sasguru]

True wealth is not having a mortgage and debts but paid-off property. It gives you the flexibility to do what the hell you want to do - become a park warden if you want and spend your life outdoors.
Anyone in the treadmill system is not rich. Anyone who needs to keep up with the Joneses is not rich. Someone on a £1 million a year with a £3 million mortgage is not rich.
True wealth is not giving a tulipe about the stupid things most people care about.

[Moscow Mule]

Well, there's tidy then...

Isn't it.

See those two houses on that hill? Mine's the one in the middle.

[Shimano105]

I should be wealthy then Sas, except since having 2 young sprogs I don't bank on being a park warden just yet

[Mustang]

True wealth is not having a mortgage and debts but paid-off property. It gives you the flexibility to do what the hell you want to do - become a park warden if you want and spend your life outdoors.
Anyone in the treadmill system is not rich. Anyone who needs to keep up with the Joneses is not rich. Someone on a £1 million a year with a £3 million mortgage is not rich.
True wealth is not giving a tulipe about the stupid things most people care about.

As painful as it is to say this - I think you might be right!!