How Rich Are You ?
 

That's the title of the article below. No need to answer !! :unsure:;)

http://www.telegraph.co.uk/finance/b...h-are-you.html

It's a succinct little table and if you times it by 1.6X or 1.8X or 2.0X it probably converts for Canada too.

Re: How Rich Are You ?
 

Bloody Telegraph - blocks me - and I refuse to subscribe. How rich am I then?

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100%

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Doesn't seem right to me at all. According to that chart, we were on the 9th level in the UK, but that income certainly didn't make us rich. I was very comfortable in our 3bed semi and didn't want to move- which was good as we couldn't afford the next rung on the ladder. We had to watch money carefully...although I appreciate our fortunate position.

Ooh I've just had a thought is that meant to be after tax? I could move down several rungs if so:)

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Very rich...the Telegraph is blocked for you. :)

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It's the Telegraph, comfort food for the lumpen-bourgoisie.

I want to know how high I rank in the top ten percentile now that the OH has retired early.

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Someone else on BE suggested a way around that. If you put your browser (Chrome) on Incognito mode you should be able to view articles.

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using that chart and converting our household income for 2013 into pounds, we fall into the bottom category.

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Ah I see but only cause I had to go and bloomin google it. Never heard the "Lumpen" part of that expression before. Thought you were making words up again for half a sec;) but now I realise you're just more intelligent than moi :p

Re: How Rich Are You ?
 

Nor has anyone else. I was rather pleased with the bilingual compound noun, so I asked my nonsensically intelligent trilingual son (sitting in the next room over, playing some sort of video thingy) if I'd coined a new word.

He said, "Yes, Dad, you're sick you know?"

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I think 'sick' is good with the youfs.

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One never knows.

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I believe it to be the case that both of my working children are in the top 10%, one in the UK, one in Canada. Are they rich? Give over, even with funding for one degree each, they have each have massive student debt from subsequent qualifications. Maybe most people earning the incomes shown at the top of the scale are rich but it's not because of the income so much as the fact that coming from money makes you more likely to have a high income.

Signed,

A Broke Guy.

Re: How Rich Are You ?
 

Dear Broke Guy,

I understand your dilemma. The fundamental flaw in the Torygraph (can I say it again, oh, please:), lumpen-bourgoisie shit, is that being rich is not directly (or even vaguely) connected to income.

A Smug Liberal.

Re: How Rich Are You ?
 

More money more problems.

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Quite.

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:wave:

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Very good. What if you were called Peter Oswald Oliver Robertson?

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I think that's exactly it :)

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I can't think why? Probably James is thinking about football.

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Looking at the chart, the inference is that the more children one has, the richer one will be !!

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I was lumpen-bourgoisie when I came to Canada (very nice term Oink:thumbup:) and have moved seamlessly to food parcels since.

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100K GBP is rich? Never thought so.

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http://youtu.be/U8Kum8OUTuk

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This...according to this im very rich..however the more money i earn the skinter i become...maybe i should ask for a big pay cut then i would be minted:confused:

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Suppose it depends on each individual, what might be rich to one, could be consider poor to another, I don't think we can really set a minimum on what is rich and what isn't.

To me someone making 100k GBP (184k CAD apparently) is rather rich in my eyes, but to someone else, it might not be.

Re: How Rich Are You ?
 

I live in one of the nicest countries there is
I'm relatively healthy
I have a good family and job.

I'd say that's richness.

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Along Orly comes to make me feel ungrateful :) I agree by the way. My job always was a great leveller, when you diagnose cancer day in and day out, then you appreciate what you have.

Re: How Rich Are You ?
 

Quite the opposite, I think. The more children one has, the more one needs to earn to consider oneself richer than a given percentage of one's peers. A singleton earning 40k would be in the 90th percentile of earnings; a sole-breadwinner for a couple with two children, on the same salary, would be only in about the 45th percentile of earnings for 2-child families.

Re: How Rich Are You ?
 

Football, Beer or Women. The mind rotates.

But back on thread as Oakvillian points out above dependents kill wealth.

I have an Uncle who as top surgeon should be immensely wealthy but two divorces (both stay at home wives) and three kids well and truly buggered that.

The final factor is simply man's ability to live within his means. I earn twice what I earned 6 years ago but spend twice on my rent and costs so the net gain is eradicated for my own perceived self improvement.

Assets are a measure of wealth. Income is merely a tool to get there if used correctly.

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Isn't seeing one's children grow and flourish enough wealth for anyone?























</orlyish claptrap mode>

Re: How Rich Are You ?
 

Yes of course. I should have added the irony smiley to the last comment. :)

But as was noted in a thread yonks ago, the production of children does tend incentivise more work and (in theory) asset accumulation!

Re: How Rich Are You ?
 

More work, yes. More income, yes. Asset accumulation, not so much.

Re: How Rich Are You ?
 

Many will seek to maximise their property (whether size or area) for the benefit of the kids. It becomes less a priority for singletons and couple. Of course property is only one type if asset, but for most, it's the main one.

Re: How Rich Are You ?
 

I find that table a bit bemusing.

We are at the top of that table. Where does all the sodding money go?

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I'm the product of a Waldorf education ;)

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Well a good chunk goes to the government.

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Then there is the bartender......

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There is a difference between "rich" and being in the "top (richest) decile"

If my wife and I were earning the equivalent of 88k GBP (guessing that's in the $140k range?) between us we'd likely feel pretty well off.

Re: How Rich Are You ?
 

If you have one. I can't remember the last time I went to a bar.