Poll: Where do you fit in? (IFS income percentile) (*net incomes only - do it correctly!*)
- Thread starter Hatter The Mad
- Start date
Man of Honour
Very few people perceive themselves as having a lot of money. A rule of thumb is that pretty much everyone effectively defines "has a lot of money" as "has significantly more money than me". The more money you have, the more money you spend and ignore, so you still don't see yourself as having that much money.
I'm sure that if my income somehow doubled or tripled, I'd see myself as being very well off...for maybe as much as a year, until I got used to spending more on things I'd become accustomed to and therefore paid little attention to.
It works the other way around, too. I see myself as being OK financially. I spend a little less than I have, pretty much every month. It sometimes bothers me that I can't possibly save any useful amount as a buffer in case of emergencies, but I'm not constantly worrying about money any more. I don't even know my bank balance - I have enough, so it doesn't matter. Many people here would regard me as very poor and genuinely have no idea how I manage. I've no doubt that there are a fair few people here who get paid more in a week than I do in a month. They're very rich to me. I'm very poor to them. We probably all think we're financially OK but don't have that much money.
Soldato
Our household income is > 86% of the population apparently. I certainly don't feel loaded though 
Living in an expensive part of the country doesn't help.
Living in an expensive part of the country doesn't help.
Agree 100% with what you say.
Associate
you are among the richest 1% in the population. Your income is so high that you lie beyond the far right hand side of the chart.
willy waving thread
willy waving thread
Associate
you have a higher income than around 99% of the population - equivalent to about 60.1 million individuals.
Seems Okay.
Seems Okay.
Man of Honour
Some people are definitely not using their net earnings here, which is skewing the results big time.
For instance, mine comes out 88% if I don't do it right, but 66% if I do.
For instance, mine comes out 88% if I don't do it right, but 66% if I do.
Last edited:
Associate
Or maybe the demographic of OCUK forum members is vastly different to the UK as a whole?
Soldato
I too suspect people have confused net and gross.
Man of Honour
No I really don't think it's just that, there are people in here that have salaries and outgoings identical to mine (I know their pay and circumstances) that are getting it wrong.
I assume that it's not just those people getting it wrong.
The missus and myself are full time students with a 15h job working at Maccas (we live alone rented)
Top 44% apparently. 6k loan each and 5k McDs each (theres a 4.5 month gap in the summer where we work full time)
Probably true. We live within our mean and being frugal over rent, food and other things gives us a lot of 'happy cash'
Top 44% apparently. 6k loan each and 5k McDs each (theres a 4.5 month gap in the summer where we work full time)
Probably true. We live within our mean and being frugal over rent, food and other things gives us a lot of 'happy cash'
Soldato
1st time I did it I used my gross salary, checked it with the net and it didn't change it.
KaHn
![[FnG]magnolia](/styles/overclockers/avatars/9.png){kind=avatar}
Caporegime
I think it's broken though, isn't it? I think if your salary is greater than 70 or 80k it puts you in the top 1%. I can't remember the specifics but it put us in the top 1% but even lowering our salaries significantly still kept us in the top 1%. IIRC that 'trigger' was 70 or 80k. Maybe someone with more time could test it.
Soldato
Not sure, I did it as a single person with no dependants.
KaHn
KaHn
[FnG]magnolia;21501050 said:
It takes into account more than just salary, and are you remembering to only consider net?
Caporegime
Yes, both salaries are net and one dependant. 80k or more can't be top 1% can it?
Is there a way to remove the poll and start it from scratch?