1 in 65

[AtW]

Slightly misleading headline (or just bad maths/some kind of exception)


Population of UK: 64.1 million
Number of millionaires: 715,000
Ratio: 1 in 89.5

Psst... they are planning to "retire" a sizeable number this long weekend, watch out for a white cross mark on your door...

[AtW]

They should just go to 1-99 numbers and sell it as giving more choice to punters, get the price up to £5 too - those who can afford to waste money on lottery can surely pay more per go...

Only OK lottery is Premium Bonds...

[tomtomagain]

Slightly misleading headline (or just bad maths/some kind of exception)


Population of UK: 64.1 million
Number of millionaires: 715,000
Ratio: 1 in 89.5

Not only that, assuming she owns the house with her husband, it's likely that it's split 50/50.

So that's two people with an asset worth the fabled £1M.

Or to put it another way £500k each. Which in my book does not make her a millionaire.

[centurian]

Thats why the Lottery is changing this year to let you choose between 1..59, not enough rollovers with 1..49 apparently, people aren't interested in a 5 million jackpot anymore its got to be 100 million on the Euros before everyone goes nuts and starts buying tickets.

It's also why increasing it to £2, but reducing the higher value prizes in order to raise the £10 prize to £25 was a disaster - and why they are changing it again so soon.

People don't play the lottery to win £25... that's what slot machines are for.

[DimPrawn]

Slightly misleading headline (or just bad maths/some kind of exception)


Population of UK: 64.1 million
Number of millionaires: 715,000
Ratio: 1 in 89.5

They are excluding all the billionaires, so the number is bigger.

[WTFH]

Slightly misleading headline (or just bad maths/some kind of exception)


Population of UK: 64.1 million
Number of millionaires: 715,000
Ratio: 1 in 89.5

[PurpleGorilla]

there was nothing stopping you do the same !

you may rail against it but sometimes you have to be pragmatic

I missed the wave by a couple of years. Am I bitter - yes; massively so. It not that I missed out on financial gains, it's just that a decent family home is now prohibitively expensive. It took everything we had to buy our scruffy little pad. And it's had thousands needed to get it warm and dry.

My point - is that her good fortune was NOT down to her 'hard work' but some very unusual circumstances as above.

[vetran]

She thinks she earned that million - that's the narrow sightedness of it all. No you bought a house which fortunate for you has risen in price massively due to wreak-less bank lending in the market, massive HTB props by the government, and shockingly low Interest Rates due to the sheer amount of tulip we are in. Throw in a massive selfish BTL boom that has pumped demand up massively on the bottom of the market. Sure you 'earned' it love, it was purely hard work and none of the above eyes:

there was nothing stopping you do the same !

you may rail against it but sometimes you have to be pragmatic

[PurpleGorilla]

Why being an accidental millionaire doesn't make you feel rich - Telegraph





Which was nice.

She thinks she earned that million - that's the narrow sightedness of it all. No you bought a house which fortunate for you has risen in price massively due to wreak-less bank lending in the market, massive HTB props by the government, and shockingly low Interest Rates due to the sheer amount of tulip we are in. Throw in a massive selfish BTL boom that has pumped demand up massively on the bottom of the market. Sure you 'earned' it love, it was purely hard work and none of the above eyes:

[AtW]

This thread makes me feel glum.

[DimPrawn]

Thats why the Lottery is changing this year to let you choose between 1..59, not enough rollovers with 1..49 apparently, people aren't interested in a 5 million jackpot anymore its got to be 100 million on the Euros before everyone goes nuts and starts buying tickets.

100,000,000 ????

Feck off.

Hyde Park mansion set to become Britain's most expensive home after £280m bid - Home News - UK - The Independent

Peanuts, they need 1,000,000,000 jackpots min.

[SlipTheJab]

Thats why the Lottery is changing this year to let you choose between 1..59, not enough rollovers with 1..49 apparently, people aren't interested in a 5 million jackpot anymore its got to be 100 million on the Euros before everyone goes nuts and starts buying tickets.

[ChimpMaster]

How true.

The value of money has been eroded faster than ever these past 15 years. Soon we'll all be multi-millionaires in a Zimbabwean fantasy re-enactment created by increasingly clueless and desperate global governments.

Bring.
It.
On.

[DimPrawn]

Why being an accidental millionaire doesn't make you feel rich - Telegraph

For one thing, it seems like there’s a lot of us about. Twenty-five years ago, there were just 31,000 millionaires in the UK. Now according to new figures from Barclays UK, there are no fewer than 715,000 – that’s one in 65 of us.

My ordinary looking terraced house in North London has gone up by £400,000 in eight years, making it now worth just over a million pounds.

Which was nice.