Comment on The Telegraph has deleted the seemingly made-up article
And009@lemmynsfw.com 4 days agoLifestyle sacrifices are news for the rich. Luckily there aren’t enough to support this kind of journalism.
Comment on The Telegraph has deleted the seemingly made-up article
And009@lemmynsfw.com 4 days agoLifestyle sacrifices are news for the rich. Luckily there aren’t enough to support this kind of journalism.
Aux@feddit.uk 3 days ago
A household with £345k income is not rich, lol.
Apocalypteroid@lemmy.world 3 days ago
Wtf are you talking about? You must be a billionaire.
This family earns more than the value of my house in a year.
If they carry on earning this and work for 30 years they will have amassed a fortune of £10m.
It also puts the family in the top 0.5% of earners in the country.
I think that makes them fairly rich.
Aux@feddit.uk 3 days ago
Do you understand that your logic doesn’t make any sense? First of all, half of their income goes into taxes. Second - they still need to spend money on bills, food, etc. So it will take them a lot more than 30 years to get to £10m. They won’t live as long.
You’re also confusing top earning workers with the rich.
Ilovethebomb@lemm.ee 3 days ago
Dude, just stop.
Apocalypteroid@lemmy.world 2 days ago
My logic? Even if the income figure is gross and not nett, they are part of the top 0.5% earners in the UK. So… Logically… They can be considered rich by the 99.5% of the population who earn less. They are almost certainly millionaires. Their kids go to public school. They take 5 holidays a year FFS, how many people do you know who can afford that? If you don’t consider that being rich then you are either richer than that, being a troll or deluded.
bollybing@lemmynsfw.com 3 days ago
£181k is all you need to be in the top 1% in the UK.
Aux@feddit.uk 3 days ago
Top 1% workers, not top rich.
Look, here’s a thing. 40% of all land in England is owned just by around 200 families. And they are laughing their arses off when they hear that peasants earning £181k per annum are rich.
bollybing@lemmynsfw.com 3 days ago
Top 1% of income from all sources which includes your 200 mega rich families. 1% of 70m people is 700k people. Of course the top 0.1% are way richer.
Ilovethebomb@lemm.ee 3 days ago
If you’re earning that much money, you’ll pretty quickly end up in the 1% of net worth.
And these people earn around 10x the typical household income.
MrPoletki@feddit.uk 3 days ago
one day I might earn that much in a year.
TheGrandNagus@lemmy.world 3 days ago
A household with that income is very rich.
Jesus, toffs are so separated from reality it’s unbelievable.
Aux@feddit.uk 3 days ago
No, it’s not.
Feathercrown@lemmy.world 3 days ago
Nope, you’re wrong, look it up. Average income of the top 10% is like a third of that figure. …org.uk/scale-economic-inequality-uk/
TheGrandNagus@lemmy.world 2 days ago
It objectively is.
mriormro@lemm.ee 3 days ago
Some folks barley scraping by need to throw your ass to the ground and just beat the fuck out of you for saying such stupid shit.
I swear, every day rich folk are becoming increasingly more unbelievable.
Rawdogg@lemm.ee 2 days ago
No way this snobby cunt has money, Succesful people dont spend their time trolling on lemmy lol Sounds more like a spoiled child
Aux@feddit.uk 3 days ago
Ahaha, ok.
Ilovethebomb@lemm.ee 3 days ago
ethnicity-facts-figures.service.gov.uk/…/latest/
That’s many times what the typical household income is, and most people would certainly consider that rich.
Aux@feddit.uk 3 days ago
But that’s not rich, lol.
echodot@feddit.uk 3 days ago
Where the hell do you live that people regularly get more than that?
I would like your address and the times that you will not be in.
DragonTypeWyvern@midwest.social 2 days ago
Y’all should know Aux isn’t an actual person by now
And009@lemmynsfw.com 3 days ago
Depends who you ask
Aux@feddit.uk 3 days ago
Anyone you ask.
And009@lemmynsfw.com 3 days ago
Global indexes are scraping the ground against those numbers, I can tell you for sure they’re 1%.
WR5@lemmy.world 3 days ago
By what metric? Where would you define rich?
MrPoletki@feddit.uk 3 days ago
I’m not sure there is actually a proper definition of ‘rich’ that would allow you to accurately classify a group of incomes into rich and not rich.
But if you were to think of it in terms of the ‘feeling’ I’d say I’d feel rich if I never had to choose a cheaper option for anything at all, ever, could eat out and check into a hotel for the night any time I liked, all whilst currently putting away a handsome investment of some kind - but still have more disposable income than I could possible waste between income periods with nothing but my own debauchery (barring expensive drug habits).
That’s what I call rich, thing is, some people can achieve this on much less than others due to their tastes and circumstances. I’d feel rich if I worked 9-5 and took home upwards of £300k for sure. Others might not though.
WR5@lemmy.world 3 days ago
That’s all well and makes sense to me, but the person I was questioning stated that $350k+/year is not rich. All of those boxes you mentioned could be ticked way lower than that, and this is nearly 10x the median salary of the UK. That roughly means this family has the ability to spend 8x the median individual and still save/invest 2x their salary per year.
bollybing@lemmynsfw.com 3 days ago
I think most people would see that as ultra rich or super rich. To most people “rich” means having significantly more money than them. So given that the median salary in the UK is £37k, most people would probably say someone on £80k is rich, even though its pretty easy to earn that much and still want for more.
Aux@feddit.uk 3 days ago
The rich don’t work and don’t have income.
WR5@lemmy.world 3 days ago
What does this mean? By this metric, the wealthiest person in the world is not considered rich. Elon Musk both works and has an income.