British Expats

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-   -   $96000 (https://britishexpats.com/forum/maple-leaf-98/%2496000-809908/)

orly Sep 21st 2013 12:14 pm

Re: $96000
 
Don't think either currency figures are particularly "rich".

That said, I'd be hard pushed to complain if that was my personal income.

orly Sep 21st 2013 12:14 pm

Re: $96000
 
Don't think either currency figures are particularly "rich".

That said, I'd be hard pushed to complain if that was my personal income.

Novocastrian Sep 21st 2013 1:31 pm

Re: $96000
 

Originally Posted by Shard (Post 10911821)
The original BBC article headline stated £60K as "not rich", the flipside of which is indeed not poor. The figure is in the context of where tax rises should be applied, and Labour is suggesting that at £50-60K (well above median income) people are not rich, and implying that above £60K they can start to be considered rich. 30-60K is midrange income in the UK; 60-120K is upper range; beyond that true richness starts!

Fair enough, but you should be honest enough to admit that your original post was misleading.

But I'd still disagree that GBP 120K = (roughly) $190K is "true richness". The latter is better defined in terms of wealth, not income and I'd suggest a working definition of >$100million.

Shard Sep 21st 2013 8:00 pm

Re: $96000
 

Originally Posted by Novocastrian (Post 10911912)
Fair enough, but you should be honest enough to admit that your original post was misleading.

But I'd still disagree that GBP 120K = (roughly) $190K is "true richness". The latter is better defined in terms of wealth, not income and I'd suggest a working definition of >$100million.

I don't think that my original post was misleading, but would accept that it could be misinterpreted by the multi-millionaires of this world.

BristolUK Sep 22nd 2013 5:35 am

Re: $96000
 

Originally Posted by MillieF (Post 10911179)
I may well be wrong, but didn't I see a post on here not long ago saying that the 'average' family is living on $29,000 pa?


Originally Posted by Novocastrian (Post 10911738)
Millie, not the average family income but rather the median individual income.


Originally Posted by Jsmth321 (Post 10911768)
According to stats can average incomes after taxes:

Married Couples: Overall average 76,100

Single male: 33,500

Single female: 32,900

It all looks a bit odd to me. 'Single' income about $29k but put 2 singles together, so that they marry and it's $76k.

Single male $33.5k, single female $32.9k but together = $76k.

Is there some kind of bonus for marrying?:lol:

From the same table you get married couple income (no kids) according to none working, one working or both working. Both working says $83.3k. The lower $76k is some sort of figure involving something other than both working.

So the 'average' income for a couple with no kids, both working is now $83.3k. While average for singles is $29k to $33k.

Perhaps one of the forum's stats experts can explain this in a way that my puny brain can handle. :o

MarkG Sep 22nd 2013 5:42 am

Re: $96000
 

Originally Posted by BristolUK (Post 10912716)
Is there some kind of bonus for marrying?:lol:

People who marry tend to be older, and older people tend to earn more.

Women tend to want to marry men who make a decent amount of money, rather than lazy bums.

Shard Sep 22nd 2013 6:06 am

Re: $96000
 

Originally Posted by BristolUK (Post 10912716)
It all looks a bit odd to me.
Perhaps one of the forum's stats experts can explain this in a way that my puny brain can handle. :o

The StatsCan table is showing averages for individuals, couples and families at different age and family scenarios.

$33.5K is an unattached male (including non-earners)
$32.9K is an unattached female (earners only)

These are different categories, and they can't be added to represent a couple because by definition, the individuals are "unattached".

$76.1K is for all married couples (no kids, irrespective of earning or not); $83.3K is the DINKS figure.

Auld Yin Sep 22nd 2013 6:23 am

Re: $96000
 

Originally Posted by MarkG (Post 10912725)
People who marry tend to be older, and older people tend to earn more.

Women tend to want to marry men who make a decent amount of money, rather than lazy bums.

So love doesn't conquer all? You've certainly shattered that illusion for me

MarkG Sep 22nd 2013 6:30 am

Re: $96000
 

Originally Posted by Auld Yin (Post 10912758)
So love doesn't conquer all? You've certainly shattered that illusion for me

I believe all the girls I've known who married lazy bums or heroin addicts because 'but I love him!' are now divorced. The one who married the addict didn't even last two years.

BristolUK Sep 22nd 2013 7:03 am

Re: $96000
 

Originally Posted by MarkG (Post 10912725)
Women tend to want to marry men who make a decent amount of money, rather than lazy bums.

But does the guy want to marry someone like that?
And then if that puts his money up, hers might be lower or nothing - especially if she's one of those TV housewives. :rofl:



Originally Posted by Shard (Post 10912741)
the family definition is based on dependent children (generally younger parents).

I was selecting the figures where there were no kids.

We still have average male/average female earnings being less than average male and female incomes when married.

Age could be a factor if people did marry at an older age and stay married.

I'm not convinced.:unsure:

MarkG Sep 22nd 2013 7:17 am

Re: $96000
 

Originally Posted by BristolUK (Post 10912797)
But does the guy want to marry someone like that?

They generally don't want to marry a woman who'd marry a lazy bum for love, because they're likely to divorce their husband, take his money, and run off with the pool cleaner.

Shard Sep 22nd 2013 7:33 am

Re: $96000
 

Originally Posted by BristolUK (Post 10912797)

I was selecting the figures where there were no kids.

Yes, I noticed that belatedly, and completely re-edited my post (22) for you. :)

BristolUK Sep 22nd 2013 2:33 pm

Re: $96000
 

Originally Posted by Shard (Post 10912817)
Yes, I noticed that belatedly, and completely re-edited my post (22) for you. :)

Still looks odd to me compared to previous reports of similar stuff though. :unsure:

It wasn't so long ago there was something about average household income being around $56k

jimf Sep 23rd 2013 3:27 am

Re: $96000
 

Originally Posted by Novocastrian (Post 10911912)
Fair enough, but you should be honest enough to admit that your original post was misleading.

But I'd still disagree that GBP 120K = (roughly) $190K is "true richness". The latter is better defined in terms of wealth, not income and I'd suggest a working definition of >$100million.

Make that a double red letter day! When you have enough money so that a flight on Concord is the equivalent financial hit as buying a pair of shoes to most people then that's certainly someone who is rich.

Shard Sep 23rd 2013 4:45 am

Re: $96000
 

Originally Posted by jimf (Post 10914114)
Make that a double red letter day! When you have enough money so that a flight on Concord is the equivalent financial hit as buying a pair of shoes to most people then that's certainly someone who is rich.

Especially considering the re-commissioning costs ! ;)


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