I don't know that, in the same way that you don't know their outgoings will be higher.
Clearly they will have a nice house and a decent sized mortgage based on that income
I don't know that, in the same way that you don't know their outgoings will be higher.
Clearly they will have a nice house and a decent sized mortgage based on that income
Not neccesarily. If they are on that sort of money I think it's reasonable to assume they got onto the property ladder what 10-15 years ago at least when houses where a fraction of what they cost now. Say both parties where single for a while, both owned their own properties and met later in life and started a family. That's a lot of money you could pool together if you sell both properties in circumstances like that.
As a thirty year old with a circle of friends that include a few on six figures, I don't think it is reasonable at all to suggest that they;
-Got on the property ladder whilst doing their A-Levels or degree
or
-Stayed in the same house.
People's outgoings rise in line with their income. It is an observable and endlessly repeatable study.
What percentage of the population do you think you and your friends represent though?
Now people I know who are on £30-£40k now who don't live in the bubble that is London, started at perhaps £8-£10k in the early 90's and progressed upto around £30k-£40k in the space of 20 years. And the people I know live in the South East.
No idea but this;
Doesn't match anyone I know- as graduates we generally started on reasonable salaries (myself included until I moved into writing anyway) with the brilliant (and lucky) ones on a steeper climb than the median. So at best, neither example is "right" or "typical."
Without children the most an adult can claim in work is about £50 a week working tax credit, once you earn above around £6k a year that's figures on a sliding scale.
Now I think it's reasonable to make the statement I've made because, even with the change in regulation you can still have two earners in a family with about £75-£80k household income coming in and claim what £46 a week in child benefit if you have 3 children. I should have mentioned I was factoring in child benefit
Now I'd argue the person without kids like myself needs that £50 more than the person with kids and that level of household income needs £46. I've basically come to the conclusion, your pretty knackered in my position unless you can find work paying upwards of £20k a year. You won't be able to differentiate between working and being out of work.
How about an allowance for working single peeps without children sometime. We're doing our bit to stem the global population crisis that is rapidly approaching.
How about an allowance for working single peeps without children sometime. We're doing our bit to stem the global population crisis that is rapidly approaching.
£9k a year to educate a child on average.