I think the average household income (before tax) is more than £30,000? Surely that can't be 'rich'
(Original post by moregano)
I would define any household with a combined income over £30,000 as rich. £250,000 is obscenely wealthy.
Edit: Average family income is £32,779 according to this: http://news.bbc.co.uk/1/hi/uk/7071611.stm
Edit 2: Well I guess when you put on on the scale of the entire world, everyone here is rich.
Last edited by tazarooni89; 26-06-2010 at 01:20.
I personally would have said that someone is 'rich' if they are able to live a similar lifestyle to someone who is earning about £150,000 per annum without having a job (or anyone else supporting them). So they might have so much money that it will last them the rest of their lives, or they might have shares in businesses or property etc. which yields 150k a year etc.
Edit: I don't hate the rich though.
Last edited by tazarooni89; 26-06-2010 at 01:38.
anyone with a household income above 200K although this varies upon location
Anyone with a wealth of 2 million plus
Also I don't hate the rich
Last edited by loki276; 26-06-2010 at 04:38.
(Original post by screenager2004)
That's the mean, it's terribly biased because its so sensitive to extreme outliers. Most households in the UK are on an income of £18k, but one or two supermillionaires will pull the average up disproportionately.
The median income is much more realistic a veiw of the average income. Also consider that, even in this day and age, 1 in 3 children in the UK are living in relative poverty. You have to have a bizarre view of the world to think the average uk income is above 30k.
Relative poverty is absurd imo. There is poverty and there there is non-poverty.
Children who have to travel to get water and who have to work to support their families and worry about diseases and whether they will be eating that night <-- poverty.
Children who don't have cake <----non-poverty.
Basic needs covered? No poverty.
Basic needs not covered? Poverty.
Last edited by HDS; 26-06-2010 at 06:23.