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Reply 80

StephenP91
Around £40k annual would be good. Decent would be £30k annual.


This. Anything above £30k is a bonus.

Reply 81

It depends where you live and what your tastes are, really.

If i were to live in central London, with my tastes i would probably need £250,000 at the very least.

Reply 82

JakeE10
£100, 000 is DECENT? are you mad?


No.

Reply 83

JakeE10
??????


To me it would be £40,000+ or an hourly wage of £18+

Reply 84

as a starting salary, probably like 45k

Reply 85

lol a thread like this shows the website up really. IMO theres not even people posting that are in full time work/ have their graduate jobs etc.

When you have kids talking about how they think earning 40 odd k a year is pushing it makes me laugh, how much is your pocket money ?

Reply 86

MagicNMedicine
I think for our generation, what classes as a good or decent salary will be a lot higher than it was for our parents (I am not talking just because of inflation)

The previous generation had free university education, relatively cheap property available - how many people do you know who own multiple houses, who have some story of the great bargain they got, eg "I bought this house for £15000 in 1989, and now its worth £300000". That won't happen with us. They also had quite generous pension schemes, so a lot of people reached retirement quite comfortable.

Our generation has big graduate debt, faces very high house prices and pension schemes which will require a lot more input for a bit less output than our parents had.

So taking that into consideration I would have said that for a comfortable life, a combined income for a couple of £55000-60000 is ok at the moment, if you have a couple of kids. With that you can cover all your essentials, have a holiday every year and have a few luxuries.

A combined income of £80000-£100000 then takes you up to the next tier of lifestyle, pretty decent.

Once you pass a combined income of £100000 then you are well off and probably live in a nice area, have two cars, good holidays, send kids to private schools and fund them through uni and a gap yah.

For our generation, if you look at the type of income in todays money (so will obviously be higher in nominal terms when you get there, because of inflation) then you will probably need to be the next tier up to get a comparable lifestyle because you will face much more of your income being swallowed up in repayments of student loan and mortgage, which your parents didn't face.

Single people may find it almost impossible to get onto the housing market although if they don't have kids they will find one of the big big expenses of the future, disappears. Childless couples will be able to enjoy a better lifestyle.


This post makes a lot of sense. (No pressure for us then!) Then again your ignoring the factor that many of todays youth still have their grand parents, families etc. who may leave them tidy sums and property, which i also think is common for the lucky ones in the generation above ours. I know many people in their 30's who barely work yet seem to have a nice house etc.

Reply 87

40k+

Reply 88

Lazy Bed
People claiming that 100k+ is decent obviously have their heads stuck up in the clouds where having 2 cars, top notch computers, seasonly holidays and large mortgage-paid houses are mandatory.


they are... :confused:

Reply 89

lol @ people being happy with £10k.

'i have 10 A*s at gcse and A*A*A at alevel and would be happy to earn less than a cleaner'

Reply 90

£50k imo, but it's a massively subjective question.

Reply 91

Nick-2
This post makes a lot of sense. (No pressure for us then!) Then again your ignoring the factor that many of todays youth still have their grand parents, families etc. who may leave them tidy sums and property, which i also think is common for the lucky ones in the generation above ours. I know many people in their 30's who barely work yet seem to have a nice house etc.


The problem is that won't happen to a lot of the people who think it will. All it takes is for one of your parents to end up in a home and needing social care, and the inheritance gets eroded away very quickly with social care bills. A lot of people with rich parents are expecting to get a big inheritance now, their parents are in their 60s for instance.....but what's going to happen if they end up needing social care at 85 and live till 95, the state will only start paying for the social care when all of their savings have run down.

That said, its undeniable that some people from our generation will avoid the difficulties that face a lot of their peers, because of hand me downs. I saw a few people at uni who had houses bought for them in their 2nd/3rd years, to house share with their friends (and make money for their parents) and give them some capital to get onto the property ladder later on. In some cases though this ends up eroding the drive to work, I saw a couple of people who were just aimlessly drifting through uni, getting bladdered all the time, comfortable in the knowledge that they had got a large amount of financial security.

It gets a bit much when you get people who brag about having their own house at a young age, when it's just been bought for them.

Reply 92

I think quality of job is far more important than salary attatched to it. You spend so much of your life there - better make it something you enjoy or for a cause you believe in.

Whem I graduate, I'd be happy with a salary of £25,000 - my boyfriend's just finished his masters and is looking at jobs over £32,000; but they're in the sector he loves, and a job he wants to do...

And, before I even thought of getting a mortgage or having kids, I'd like to have a combined income of £90,000 - which seems loads, until you realise that that's say 50k for him and 40k for me, and also, that'd be in say seven years time.

My two cents :ahee:
(edited 15 years ago)

Reply 93

Good salary = paying for all of your needs, i.e. you not needing to scrape by.

This does not mean you can splash out on a kickass plasma tv; that goes above your needs.

Reply 94

Graduate - around £18k
With family etc - around £30k (excluding partner).

Reply 95

konvictz0007
well som1 earning 10k would probably get quite alot of benifits from the government, so they probably would live of 10k (e.g. low or free rent, discounted council tax etc)...


I agree, that's what I was getting at, you would need to have Government benefits to survive. But it would be ridiculous to consider 10k a 'good' salary.

Reply 96

If I'm not on 7 figures after 5 years I've failed.

Reply 97

I would say a good salary is one where you can pay the bills/rent/mortgage and still have some spare for saving and holidays.
It depends on your circumstances and location but I would say 25k is just living, 30k is a little more comfortable.
Trying to exist on 15-20k is difficult.

Reply 98

My ideal salary would be 1.2 million a year.
which ammounts to 100k per month.Achievable within 10-15 years.

Reply 99

70-100k & standard hours - no evenings or weekends.

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