Caporegime
- Joined
- 22 Oct 2002
- Posts
- 28,279
- Location
- Boston, Lincolnshire
As a single person I would say 50k to be extremely comfortable Midlands and North. (House ownership, holidays and hobbies)
There are massive variables though. I knew of people who earnt far more than we do as a couple but blew it all on takeaway, pubs etc and have very little. Massive mortgage and a smaller house and not even kids. (We have 2). They must have been on circa 90K combined before tax which is a huge wage for the east midlands. Living in a 3 bed semi.
This seems to answer the OP's question though.
You put all your bits in and it works it all out.
We are in the top 35% (I sure as hell don't feel like it) but if I were to sell off my kids we would be in top 12% which just seems mad and explains why a lot choose not to have kids.
Back in 2007 before we had kids and wages adjusted for inflation we were working in a factory in junior leadership roles fresh out of school that anyone could do. With overtime we had a combined salary adjusted for inflation of 80+K between us. I think that paints a massive picture in itself compared to now.
There are massive variables though. I knew of people who earnt far more than we do as a couple but blew it all on takeaway, pubs etc and have very little. Massive mortgage and a smaller house and not even kids. (We have 2). They must have been on circa 90K combined before tax which is a huge wage for the east midlands. Living in a 3 bed semi.
This seems to answer the OP's question though.
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
You put all your bits in and it works it all out.
We are in the top 35% (I sure as hell don't feel like it) but if I were to sell off my kids we would be in top 12% which just seems mad and explains why a lot choose not to have kids.
Back in 2007 before we had kids and wages adjusted for inflation we were working in a factory in junior leadership roles fresh out of school that anyone could do. With overtime we had a combined salary adjusted for inflation of 80+K between us. I think that paints a massive picture in itself compared to now.
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