Show me the money!

[andrewducker]

Note - the figures in question 3 are _gross_ income, before tax.
Also - if you earn more than £49k then tick the £49k box.
[Poll #1429637]

Those figures are the income percentiles for the fully employed UK workers, which you can get from here. If you're in the second group (£312 a week) then at least 10% of the population earn less than you, if you're in the third group then at least 20% of the population earns less than you. If you're in the first group then your life sucks.
Thanks to red_phil for the link.

Comments

[despotliz.livejournal.com]

This also depends on your definition of ok, well, and just about coping. I was thinking that just about coping = have enough money to cover bills and food but none left over. OK = have enough that I don't worry about an unexpected bill, can afford to buy takeout/go to the cinema/night out in the pub, have small amount of savings. Well = have enough money for holidays and technology and regular meals out without having to think about the budget all the time, have a reasonable chunk of savings. Very well is somewhere nebulous above that which I haven't quite worked out. I'm not sure where I fit house-ownership into this whole thing - I tend to think of it as something which bumps you up the scale even if it gives you less disposable income, but that might be a way of thinking which only makes sense when house prices are continuing to rise.

[andrewducker]

The point of using wooly names like "coping", "ok", etc. was to compare how people felt about their financial situation with how they were stacked up in the deciles.

When I first bought a flat (9 years ago) it was actually slightly cheaper to buy than to rent. Buying being massively more expensive is an odd, new, thing to me.

[despotliz.livejournal.com]

Yeah, I figured you wanted people's impressions, but it would be interesting to hear what they considered to be involved in each wooly term - your earlier post was all about how many people are doing very well compared to the median but don't consider themselves to be very well off, but it could be that we all have completely different ideas about what very well off is.

[andrewducker]

There was a bit of discussion further down about reaching a point in your life where you'd rather have more time rather than more money - and at that point re-evaluating your income/career/etc. is important, I think. And that's the point where "Well Off" seems to go asymptotic, because what you need for the next level of wealth up is rather more than you've currently been earning.