How much do you need to earn to be rich?
Update: 2025-09-12
Description
Britain is suffering from an epidemic of people who are theoretically rich saying that they don't feel flush at all.
If you're a higher rate tax payer on more than £50,000 then you are up in the top chunk of the country's earners, but chances are that unless you are well into six figures you don't feel particularly wealthy.
And even many of those on £100,000-plus complain that they aren't comfortably living the lifestyles they expected when they dreamed of that kind of money.
So, what's going on, what income does it take to make someone rich, does wealth matter more, or is it all to do with how much you have going out?
As This is Money launches a new calculator that tells you how you compare, Georgie Frost, Lee Boyce and Simon Lambert discuss the state of the nation's incomes on this podcast.
Plus, where are the best places to retire to and how does Britain score, how hard is it to take your mortgage with you when you move and are EPCs a swizz.
Plus, listen to Lee speak to Ross Kemp for a special Me & My Money interview.
If you're a higher rate tax payer on more than £50,000 then you are up in the top chunk of the country's earners, but chances are that unless you are well into six figures you don't feel particularly wealthy.
And even many of those on £100,000-plus complain that they aren't comfortably living the lifestyles they expected when they dreamed of that kind of money.
So, what's going on, what income does it take to make someone rich, does wealth matter more, or is it all to do with how much you have going out?
As This is Money launches a new calculator that tells you how you compare, Georgie Frost, Lee Boyce and Simon Lambert discuss the state of the nation's incomes on this podcast.
Plus, where are the best places to retire to and how does Britain score, how hard is it to take your mortgage with you when you move and are EPCs a swizz.
Plus, listen to Lee speak to Ross Kemp for a special Me & My Money interview.
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