Is 20K a year good money?

Or would you consider this person poor?

Posted from TSR Mobile

Scroll to see replies

It's fairly average.

As a graduate/young person it is a normal and unsurprising amount. As someone older/further along their career, it's a pretty poor amount, but again, unfortunately, not that uncommon.

Reply 2

physicsphysics91

Depends on degree/uni. 25k is average for my course so that's what i'd class as average/minimum i'll expect.

Reply 3

Platopus

Original post by AsapRocky

Or would you consider this person poor?

Posted from TSR Mobile

If I did I'd have to consider my family poor and I don't consider us that so, no

Reply 4

Fantastic Fan

You should be earning at-least over £50,000 a year when you're 25 if you want to amount to something

Reply 5

AverageExcellence

Original post by Fantastic Fan

You should be earning at-least over £50,000 a year when you're 25 if you want to amount to something

according to what or who? just curious

Reply 6

Fantastic Fan

Original post by AverageExcellence

according to what or who? just curious

To me

Reply 7

Reue

Depends on their expenses*

Reply 8

AverageExcellence

Original post by Fantastic Fan

To me

So you'd consider a 25 year old earning 40k an underachiever?

Reply 9

Fantastic Fan

Original post by AverageExcellence

So you'd consider a 25 year old earning 40k an underachiever?

£40,000 - £50,000 to be more specific.

No you're not an underachiever :smile:

Reply 10

sr90

Volunteer Team

It's a good salary if you're in your early 20s and have limited work experience

It's an awful salary if you're a graduate, a homeowner, married, a parent, an experienced professional, I could go on...

Reply 11

username738914

Depends on if that's market rate for the job they're doing or not. Also depends on where they live, cost of living and quality of living varies. Can't really generalise.

An i-banker in London on £20k is getting reamed vigorously with that pay, whereas a new trainee graphic designer in Manchester might be on a commensurate starting salary.

Posted from TSR Mobile

Reply 12

username943926

In London - poor. Everywhere else, for a graduate that is good money.

Most graduate jobs I see advertised nowadays begin at the £18k mark, the only ones that advertise higher are specialist roles: doctors, nurses, dentists, vets, various engineering jobs etc etc. Or the elusive grad schemes (although some of them pay poorly - looking at you Abellio).

As you progress you' probably expect to earn more. However as I said in a previous thread, graduate salaries have stagnated and in many cases decreased - supply and demand - and the supply has rocketed, favouring the corporations and their plentiful choice.

Many adults are still earning below this.

Reply 13

Medicnohoperno.9

Lol, your £50k at 25 guy is a troll. I'll be at medical school when I'm 25, but I think my life will be okay.

Reply 14

tillytots

Youll be lucky to get than when you graduate unless you get yourself onto some ridiculous grad scheme

Reply 15

ahpadt

Original post by AsapRocky

Or would you consider this person poor?

Posted from TSR Mobile

If it's enough for that person to make a happy living and pay the rent without problems then I don't see an issue with earning that amount.

Reply 16

Dermy72

Original post by Fantastic Fan

You should be earning at-least over £50,000 a year when you're 25 if you want to amount to something

Absolute nonsense. Who hell earns over 50k a year unless your a brain box and have a masters degree. Most people have just gcse or nothing. I work as a security guard for ten years on minimum wage and I feel lucky as a lot of people have no job no wages only statuary pay