What do you consider to be 'rich' in terms of income?

[Scuffers]

With all the references to the rich vs. hard working etc etc. what do you consider to be the boundary between them?

[ewenm]

Can't say without seeing the other side of the balance sheet. "Rich" is having more disposable income than you know what to do with.

[p1stonhead]

Too many variables. £250k in some village in the midlands vs. Central London is a hell of a difference. Income is only one side of the coin - disposable income per year is probably a better gauge. Id say perhaps £50k a year to spend on luxuries is pretty rich. So a grand spare a week-ish.

[Scuffers]

that's kind of the point, perception is everything here.

Just trying to gauge the PH viewpoint.

[Megaflow]

IMO, 'rich' has little to do with income, as in your annual salary. It is more about what you do with that salary, what other income you have and, more importantly, what you outgoings are.

[McWigglebum4th]

Rich compared to who?

I don't consider myself to be one of the super rich but i am certainly on a good wage and earn more then 99.5% of the planet

source http://www.globalrichlist.com/

I am on £42K

[grumbledoak]

100k GBP per annum without lifting a finger.

[JensenA]

Why didn't you ask "Rich vs Lazy bustards"?

Forget your prejudices politics, and just ask "rich vs poor".

Also does it really matter, what's the point. If you're happy on your salary, why be envious of others who are better off.

[RobDickinson]

'Rich' to me means not having to worry about money when you want luxury items ( sportcars, 1st class flights etc).

If you are having 2nd thoughts about paying for business class yourself then you arnt.

[CAFEDEAD]

£100-139K winning? That isn't fking rich!

To me rich isn't about income anyway, it's your total financial worth; earn £1m but spend £2m with no assets or money in the bank and you won't be very rich.

[Megaflow]

McWigglebum4th said:

Rich compared to who?

I don't consider myself to be one of the super rich but i am certainly on a good wage and earn more then 99.5% of the planet

source http://www.globalrichlist.com/

I am on £42K

Interesting website. I do not consider myself to be 'rich'. Yet according to that website I am richer that 99.49% of the world be income and 99.45% by wealth.

[Moonhawk]

I think this question would be better worded in terms of disposable income - rather than actual gross income.

Is a person earning £100k a year, but who has £80k of outgoings (mortgage, cars etc) richer than somebody earning £40k who has minimal outgoings?

[nick s]

I'd say none of those incomes would be considered "rich". Just very well off/comfortable.

[Moonhawk]

nick s said:

I'd say none of those incomes would be considered "rich". Just very well off/comfortable.

Depends - OP never specified whether that income was yearly, monthly or weekly

£250k a week - yes please

[judas]

McWigglebum4th said:

Rich compared to who?

I don't consider myself to be one of the super rich but i am certainly on a good wage and earn more then 99.5% of the planet

source http://www.globalrichlist.com/

I am on £42K

Completely pointless without taking cost of living into account.

[McWigglebum4th]

grumbledoak said:

100k GBP per annum without lifting a finger.

The only people that lift fingers in the UK is the guys that clean up after industrial accidents

[Moonhawk]

judas said:

Completely pointless without taking cost of living into account.

Yep this.

£1 in Venezuela will buy you 20 gallons of petrol. Over here it won't even buy you a litre.

[rover 623gsi]

judas said:

Completely pointless without taking cost of living into account.

in which case, the original question is also useless

[BoRED S2upid]

CAFEDEAD said:

£100-139K winning? That isn't fking rich!

To me rich isn't about income anyway, it's your total financial worth; earn £1m but spend £2m with no assets or money in the bank and you won't be very rich.

If your not rich earning £100k plus your doing something wrong. £100k should see you having more money at the end if the month than you know what to do with, thousands building up in your savings accounts every year etc...

The only exception being if you live in Central London where your housing costs are hammering your wealth.

[Turkish91]

As already mentioned... depends where you live, your outgoings, your disposable income etc.

Where I live (small village in Warwickshire), I would consider anyone around here earning over £40k a year to be doing well for themselves. I'm currently on £22k a year, with a job lined up in 12 months that will pay upwards of £33k a year (with room to easily take it to £40k) and I feel privileged and also very grateful for that wage. As to me, with the lifestyle I would like to lead, I think £40k a year in the current climate is more than adequate.

£60k upwards then I'd class that as being "rich" but again, like people say if you're spending more than you earn or have no assets (i.e you rent) then what?

The term "rich" should be used more for other aspects of life though, not just money and assets. As much as most people wouldn't call me "rich" in those terms, I feel "rich" in the terms of my friends around me, my family and the experiences I've had in life so far and I'm only 23. Life isn't all about money. It certainly helps make life better, but to me it isn't the essential ingredient to having a nice time whilst you're here.