buctootim Posted 5 January, 2012 Posted 5 January, 2012 About 3 million people in the UK are amongst the richest 1% of people globally. If you are single and take home more than £1,820 per month then you are among them. The world's 'middle class' - those on median incomes - live on £67 per month. All this is according to a World Bank economist. Obviously you can argue about the numbers round the margins, but interesting research nonetheless. http://money.cnn.com/2012/01/04/news/economy/world_richest/index.htm?iid=GM
Whitey Grandad Posted 5 January, 2012 Posted 5 January, 2012 Well it certainly doesn't feel like it. It's somewhat misleading as it doesn't deal with purchasing power, cost of living and all the rest.
buctootim Posted 5 January, 2012 Author Posted 5 January, 2012 Well it certainly doesn't feel like it. It's somewhat misleading as it doesn't deal with purchasing power, cost of living and all the rest. Actually it does, it states that in the article.
John Boy Saint Posted 5 January, 2012 Posted 5 January, 2012 Just kicked out the wife and kids now that hat fits! Hmmmmmm I could use to this!!
Jonnyboy Posted 5 January, 2012 Posted 5 January, 2012 never thought myself as rich...??? But you are so cultured surely you have travelled and explored many of the poorer countries of the world?
Thedelldays Posted 5 January, 2012 Posted 5 January, 2012 But you are so cultured surely you have travelled and explored many of the poorer countries of the world? rich and cultured......sweet
Whitey Grandad Posted 5 January, 2012 Posted 5 January, 2012 Actually it does, it states that in the article. Ah! I missed that bit first time. It's a very complicated comparison though, direct & indirect taxes, social benefits. As one of the comments states, in some parts of the world you don't need heating. Still, money isn't everything.
Jonnyboy Posted 5 January, 2012 Posted 5 January, 2012 Ah! I missed that bit first time. It's a very complicated comparison though, direct & indirect taxes, social benefits. As one of the comments states, in some parts of the world you don't need heating. Still, money isn't everything. But more and more people are becoming used to spending on air con.
Dr Who? Posted 5 January, 2012 Posted 5 January, 2012 Woohoo I am rich, but have to many loans, and credit cards to feel the benefits. When all the loans are paid off in 4 years, I will be laughing I tells ya! My disposable income is very low!
Chin Strain Posted 5 January, 2012 Posted 5 January, 2012 Woohoo I am rich, but have to many loans, and credit cards to feel the benefits. When all the loans are paid off in 4 years, I will be laughing I tells ya! My disposable income is very low! Haven't you got 3 kids now (congrats by the way)?! Expensive stuff!!
Dr Who? Posted 5 January, 2012 Posted 5 January, 2012 It is strange as me and my wife (when she is not on maternity leave) both bring in more than that figure per month. Not much more, but more. We SHOULD be pretty comfortable, but we have had to get to where we are now, including funding my wife through university with just my income, and getting into the sort of debt over the first 5 years we were together, which is easy to do as a young couple. Then as mentioned a family, and now 2 mortgages (Southampton & Royston) and now slowly paying off the debts that come with repairs and doing up these houses. Yes I have managed to get work done to the houses, but only through saving and not taking family holidays, because it has to be one or the other. I referee, and even do Avon with my oldest daughter for a little extra cash. We are by no means poor, but we still have to count the pennies for the next few years, and it only takes one of us to be made redundant or heaven forbid, be taken ill, or a slight increase in the varible interest rate before this November and we would be pretty screwed. All good though, and thank you very much for the best wishes..... Kids are not cheap!!
Whitey Grandad Posted 5 January, 2012 Posted 5 January, 2012 That's a good point. Do these figures take into account debt, personal or national?
buctootim Posted 6 January, 2012 Author Posted 6 January, 2012 Ah! I missed that bit first time. It's a very complicated comparison though, direct & indirect taxes, social benefits. As one of the comments states, in some parts of the world you don't need heating. Still, money isn't everything. I agree. Its practically impossible to get a totally fair comparison between life in rich countries and poor, hot climates and cold etc. Thought provoking though.
SNSUN Posted 7 January, 2012 Posted 7 January, 2012 I earn about that, but I'm not single. You're tempting me to dump the fiancee.
norwaysaint Posted 7 January, 2012 Posted 7 January, 2012 Even with a modest mortgage, most of that 1% probably owe more than the other 99% ever will.
Whitey Grandad Posted 7 January, 2012 Posted 7 January, 2012 I earn about that, but I'm not single. You're tempting me to dump the fiancee. Yeah, find one that earns more than you.
bridge too far Posted 7 January, 2012 Posted 7 January, 2012 I earn about that, but I'm not single. You're tempting me to dump the fiancee. Um, surely if you're not married then you're single?
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