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Is £100k a year really that much of a salary nowadays?

Obv the average salary is much less, but still..

Or do you have to be a millionaire nowadays? esp in London?

I dunno if a lot of people would hear 100k and think "thats a lot" any more

(edited 9 years ago)

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Reply 1

Reue

Original post by HarryDn

Obv the average salary is much less, but still..

Yes, it is still a very substantial amount of money.

Reply 2

HarryDn

Original post by Reue

Yes, it is still a very substantial amount of money.

but is it badman enough?

Reply 3

lucaf

Isn't that like four times the average? Yes that is much of a salary.

Reply 4

channies

Original post by HarryDn

but is it badman enough?

No defo not! It wouldn't even cover my drug addiction. How could I afford heating for my house too??

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Reply 5

Reue

Original post by HarryDn

but is it badman enough?

Oooooh, this is a troll thread? Apologies.

Reply 6

HarryDn

Original post by Reue

Oooooh, this is a troll thread? Apologies.

blackkidoh.gif

thought you were the 1 trolling :tongue:

It'll probably always be a lot, but is it considered *that* much nowadays? Or do you have to be a millionaire? (srs)

Reply 7

HarryDn

Original post by lucaf

Isn't that like four times the average? Yes that is much of a salary.

In some circles (e.g. Londoners) it is seen as average ish though..

Reply 8

Reue

Original post by HarryDn

It'll probably always be a lot, but is it considered *that* much nowadays? Or do you have to be a millionaire? (srs)

Inflation will slowly chip away at the value of £100k. In 50 years it will not be worth much at all.

I would say £100k at today's value is that much as a vast majority of the population are never likely to reach it.

Reply 9

Reue

Original post by HarryDn

In some circles (e.g. Londoners) it is seen as average ish though..

I very much doubt anything other than a small minority of financial workers etc in London consider it anywhere near an average salary.

Reply 10

HarryDn

Original post by Reue

How about in London?

Reply 11

HarryDn

Original post by Reue

I very much doubt anything other than a small minority of financial workers etc in London consider it anywhere near an average salary.

My uni had a lot of upper middle class London kids whose parents were on +100k a year, and defo not all in finance :dontknow:

Reply 12

Balloon Baboon

Original post by HarryDn

How about in London?

It's a good amount of money. London or otherwise.

Reply 13

Reue

Original post by HarryDn

My uni had a lot of upper middle class London kids whose parents were on +100k a year, and defo not all in finance :dontknow:

Hardly a great and inclusive sample then.

Reply 14

HarryDn

Original post by Reue

Hardly a great and inclusive sample then.

Well is it not a lot to upper middle class londoners? :biggrin:

Reply 15

HarryDn

Original post by Balloon Baboon

It's a good amount of money. London or otherwise.

how much is not a good amount in London?

Reply 16

Reue

Original post by HarryDn

Well is it not a lot to upper middle class londoners? :biggrin:

I suspect not. So we can conclude that a £100k salary isnt considered alot by children of parents who earn more than that. Compelling conclusions indeed.

Reply 17

Queen Cersei

I certainly wouldn't say no to a £100k salary but it is interesting to think that being a millionaire these days in no way means you are as rich as it would have say 20 years ago!

Reply 18

Balloon Baboon

Original post by HarryDn

how much is not a good amount in London?

I wouldn't know. I don't live in London.

Reply 19

HarryDn

Original post by Queen Cersei

I certainly wouldn't say no to a £100k salary but it is interesting to think that being a millionaire these days in no way means you are as rich as it would have say 20 years ago!