sultangopi
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Is earning 70k at 31 years good in terms of comparisons within the UK. Do people think that salary is enough for a couple/family
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laurawatt
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In 2019, the median salary was £30,420 (per person) , and you’re over double that- so I’d say you’re in a pretty good position
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ecolier
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At least £600,000 per week after tax or you're a peasant
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sultangopi
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(Original post by laurawatt)
In 2019, the median salary was £30,420 (per person) , and you’re over double that- so I’d say you’re in a pretty good position
Thanks Laura what do you think in terms of maintaining family
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sultangopi
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(Original post by ecolier)
At least £600,000 per week after tax or you're a peasant
I was asking generally as I couldnt work out how 70k is in comparison. I do wonder if 70k would be good in London?
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laurawatt
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(Original post by sultangopi)
Thanks Laura what do you think in terms of maintaining family
I’m afraid I don’t know much about that, might be worth a google
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RtheBotanist
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Most families are on less than this and get by fine. My household is on under 20k in total, and we get by tolerably but without luxury. Nobody needs a whole lot more than 70k anyway, though I'm not sure how much a place like London would diminish it via increased living and accommodation costs.
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sultangopi
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(Original post by RtheBotanist)
Most families are on less than this and get by fine. My household is on under 20k in total, and we get by tolerably but without luxury. Nobody needs a whole lot more than 70k anyway, though I'm not sure how much a place like London would diminish it via increased living and accommodation costs.
Wow maintenance of family with 20k total? That's impressive.
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RtheBotanist
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(Original post by sultangopi)
Wow maintenance of family with 20k total? That's impressive.
Only my mum and I until I leave for uni, to be fair. She's in work and I work a few hours a week to cover a some small costs of my own. We also claim universal credit. Even a modest lifestyle with this kind of income really doesn't help you save any significant amounts of money, creating tremendous insecurity when the car, oven etc. stop working or the housing association hit us with a massive bill after undercharging very slightly for months. Hopefully while I'm at university surviving on part time work, a student loan and a bursary for low-income folk, she can save enough to have even a modicum of financial security.

We eat and consume fairly ethically, and I've had plenty of opportunities, but often the wider family has to help out, and I wouldn't use my tolerable lifestyle as justification for any country keeping its citizens on such a low income. 70k is a far more reasonable value, and I'm sure it's actually significantly higher than necessary. In a better regulated and fairer housing market, predatory landlords and ridiculously large mortgages wouldn't take up huge percentages of everybody's income, and we could get by with total comfort on currently very average wages.
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LookAtHisEyes
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(Original post by sultangopi)
I was asking generally as I couldnt work out how 70k is in comparison. I do wonder if 70k would be good in London?
I don’t know much about supporting a family, but I’m 23 and earning 70k in London and it is certainly adequate. My rent and bills come to around £1500 a month which leaves around £2000 disposable.
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Zarek
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It’s a great salary for relatively early in a career and absolutely enough to support a family in a comfortable if not extravagant way. Many couples have dual incomes below this and get by. The only proviso might be property prices, if you live in an exorbitant area and want to buy a reasonable home. Weigh up how much you need to save and spend to get the accommodation you want. If you have the prospect of further career development and additional income from a partner you are in a very good position.
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.unknown
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(Original post by LookAtHisEyes)
I don’t know much about supporting a family, but I’m 23 and earning 70k in London and it is certainly adequate. My rent and bills come to around £1500 a month which leaves around £2000 disposable.
What job do you do may l ask
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Buddingdentist08
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(Original post by sultangopi)
Is earning 70k at 31 years good in terms of comparisons within the UK. Do people think that salary is enough for a couple/family
Yes that’s good. Well done
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2500_2
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(Original post by sultangopi)
Thanks Laura what do you think in terms of maintaining family
You'll spend what you have to spend. Plenty of people raise families well on £25k household income. If you have more, you find things to spend it on that you start to consider essential.
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Oxford Mum
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(Original post by sultangopi)
Is earning 70k at 31 years good in terms of comparisons within the UK. Do people think that salary is enough for a couple/family
Most people on here are students, who can only dream of this amount of wages. Even I, at my age can only dream of this.

What is your profession?
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Napp
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Pfft thats what most people spend on their poodles a week.
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sultangopi
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(Original post by Oxford Mum)
Most people on here are students, who can only dream of this amount of wages. Even I, at my age can only dream of this.

What is your profession?
Healthcare
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mgi
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(Original post by sultangopi)
Is earning 70k at 31 years good in terms of comparisons within the UK. Do people think that salary is enough for a couple/family
It depends where you live and your total financial outgoing commitments!
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sultangopi
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(Original post by Zarek)
It’s a great salary for relatively early in a career and absolutely enough to support a family in a comfortable if not extravagant way. Many couples have dual incomes below this and get by. The only proviso might be property prices, if you live in an exorbitant area and want to buy a reasonable home. Weigh up how much you need to save and spend to get the accommodation you want. If you have the prospect of further career development and additional income from a partner you are in a very good position.
Would you say 31 is early in career?
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mgi
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(Original post by sultangopi)
Would you say 31 is early in career?
Depends on the career?! For a medic i suppose it would be later!
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