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Yeah I wouldn’t want to be renting things are massively out of balance at the minute.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
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Indeed, there should be no profit involved in essential services like these. British Gas have a 44% jump in profits due to rising prices.....
Even if profit were made it should go back into "levelling" up the country if it was nationalised.
Gross.
I guess it's hard to escape anecdotal evidence. Every couple. I know both work. So it skews your perspective. Even when you know you must not be swayed by anecdotal evidence!
Then your household income is less. If you both earned £35k you'd both take home about £25k a year with 10% pension contribution. Obviously fag packet, but £50k still puts you in the top 16%.
Yeah I thin it's probably 50k. Fag packet maths that
That ifs tool I linked will show you roughly where you sit on the scale.
Edit
Your household's income : Where do you fit in? | Institute for Fiscal Studies
When you think about your income, do you feel rich, poor, or just plain average? Find out where you lie in the UK income distribution.
That ifs tool I linked will show you where you sit on the scale.
Edit
Your household's income : Where do you fit in? | Institute for Fiscal Studies
When you think about your income, do you feel rich, poor, or just plain average? Find out where you lie in the UK income distribution.ifs.org.uk
Top 15ish percent . Which was more what I was expecting.
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It’s quite a low bar really in the grand scheme of things. Quite surprising really.
Really is! Makes you realise how much airtime do few people get (the mega rich) the salary range in the last 2 percent must be enormous
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Yeah it beggars belief. We’re just arguing and fighting over the scraps. That’s what Carlin was pointing out 20 years ago.
Soldato
Similar position here, our joint income is a bit lower (closer to £60k than £70k), and it really is kids that are the killer, even with the gov. tax free scheme, almost half my partner's wage goes on childcare, never mind the extra costs of food, clothes (I keep telling them to stop growing but they just won't listen!), transport, all the clubs/extra-curricular stuff etc.
Luckily with working from home I no longer need to pay for my eldest to go to childcare, which saves us £35/week in term time for after-school club and £200 odd/week over holidays, and next April, the youngest will be eligible for 30 free hours, so again that should free up some cash, but with all the other rising costs I wouldn't be surprised if that just about sees us in the same position as we are now!
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Top 1% is 200k+ take home so quite broad range I guess.
Soldato
Where you are in the income distribution is very misleading because it doesn't account for wealth and assets nor the amount you have to pay for bills and housing costs. Despite being at the higher end of the income scale on that tool, I don't own a house so clearly am poorer overall than a significant chunk of people on lower incomes than me. When I do buy my house (hopefully completes soon) I will have to find significant mortgage payments.
Would I rather be on lower income and have a paid for house - absolutely I would.
Would I rather be on lower income and have a paid for house - absolutely I would.
Soldato
Mortgage payments are still significantly less than what someone would be paying in rent for the same sized property.
Up to half the amount in many cases.
Up to half the amount in many cases.
Soldato
It depends.
My existing rent is lower than the new mortgage I will be paying because I have been there a while. The equivalent rent on a house now which is similar to the mortgage payment I will be making is about the same.
If youve been paying your mortgage for a while, mortgage will be lower than today's market rents.
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200k is an average footballers wage per week. They are wealthy but no where near the real wealth. Footballers don’t own corporations and hedge funds ect. The real wealth is the wealth you don’t read about.
Soldato
£740 a week puts you in the top 1%, those footballers and billionaire hedgefund owners are the top 0.001% or lower.
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They have more wealth than the majority of total population combined. The money is being funnelled away from where it’s needed. None of us on here are poor relatively speaking but we are far closer to poor than wealthy.
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