Virtually everyone I know earns at least that and more, and I don't work in any of those fields, plus without a grouse shoot or gymkhana anywhere in sight.
Everyone where I work earns more than that even the most junior member of staff
One where you can comfortably pay your mortgage and utility bills, have a bit of a social life/takeaways/clothes allowance and put a bit into savings each month.
Don't worry OP, I'm 36 and only earning somewhere between 22 and 23k, so don't worry about what your relative says. There's no rules about what you should earn at what age.
As long as you earn enough to do what you want to do, that is the main thing.
I pay £3000 a year for two days. So increase that to 5 days if you're full time that's over 7k and my son goes to a really cheap childminder which is about a third less than the nurseries around here.
I am sure you can get benefits for that. Also £10k seems excessive for a nursery fee.
Also, with kids, there are probably 2 salaries, but still only 1 mortgage and 1 council tax for example
It's not excessive at all. That's £45 a day, 5 days a week for 12 months, give or take. For one child, so you can double that if you have more. It's about £10-£15 a day less than what we would have paid had we stayed in Aberdeen - feel free to have a look online if you don't believe me. Childcare is eye-wateringly expensive.
If I add all our other expenses together - so mortgage, travel, maintenance, clothes, food, council tax etc etc I've already blown through a 20k wage and well through the other side. Luckily, our household income is well above that but we both have highly skilled jobs that we work damn hard in, so frankly we deserve it, and it wasn't always the case that we were that fortunate.
I can certainly understand why many people find it so hard to ends meet on a wage you have labelled as excessive with no real life experience at all.
No one I know earns that much, except doctors/lawyers/corporate-y types working in the financial sector. I've just had a scan around for jobs and for my industry (media) the majority of jobs for my level of experience are at around 20K, and that's in London. I can't get any of those benefits you mention because they take into account property you have other than the one you live in, and I own a house abroad (inherited, I must add).
I was an engineer in a nuclear power station, my basic salary was nearly £50k when I retired in 2002. Even my company pension is £30k and I live in rural Scotland.
P.S. Who earns 70K, not even my bosses get that much! Maybe if you're a corporate type in London, but certainly not round here...
I'm in California, the so the pay scales are a bit different than the UK. But almost everyone I work with earns at least that in their early 20s, in entry level roles straight out of university (~$100k USD). Now in my 30s, I'm earning more than double that. Not in any kind of management role, just a basic engineer with a lot of skill and experience. And that's just base salary, not including bonuses, stock options, investment income, etc. The company is highly selective, and not merely average for the field, but the topic was "good" salaries, not "average" ones.
I am sure you can get benefits for that. Also £10k seems excessive for a nursery fee.
Its pretty standard. To send my daughter to nursery currently costs us over a grand a month. Add to that 1.5k mortgage payments and there goes 2.5k before i have even seen my paycheck. Then there are bills/food/fuel/ child related costs for the other one/pub/computer games/house stuff. The list is endless.
Luckily Mrs Girth and I earn a decent whack between us so we are pretty comfortable at the moment. But it certainly wasn't always thus and always remember your only your notice period away from having a severe income reduction...
When you've lived in London for 36 years, you tend to get out of touch. How anyone survives here on less that 50K I cannot imagine. The same goes for other hotspots like Cambridge, Oxford, Brighton.
Midlands and the North, probably half that. I don't think food/drink/general socialising is that much different, but transport and housing are massively more costly here. My main employee is on 45K plus car and private health. He has a non working wife and three kids. Lives in a council house in one of the cheaper towns 50 miles out from London and still struggles big time.
45K, living in a council house way outside London and "still struggles big time"? He's bullshitting you surely - unless he has some massive secret gambling habit? Or the kids have all been sent into private education? If he was paying towards an insanely expensive mortgage I could understand, but not if he has a council house and a non-working wife who (presumably) looks after the kids.
Sorry I really don't get this, at all. Is it a wind-up?
When I retired in April of last year I was earning 34k as a nursing sister. Now I work part time as a staff nurse and earn 10.5k. I also have an NHS pension of 8.5k - therefore an income of 19k.
I have a mortgage which will be paid in December 2021. I retired early at the age of 57 as my partner had a stroke 7 years ago and working full time and being his carer simply became too much. I would have liked to retire completely but could not afford to do so.
My partner's only income is DLA at the higher rate and a state pension of £79 a week.
We need adaptations for the house such as a permanent ramp, a through floor lift (he is unable to use a stair lift) and a walk in shower. We applied for a Disability Grant but need to pay the first 12.5k for a 17k bill. We expected to contribute but simply can't afford that amount.
It is difficult to know what to do and what the future holds.
What is a good salary? Our income was fine until my partner became disabled now we are struggling. Circumstances change.
Given the number of users on DS it's more than likely there are some people on here earning many, many times more than £26k
Given that there are thousands of users, statistically, one might expect dozens of people in the top 1% of earners and hundreds in the top 10%. Though it's entirely possible that DS users are not an evenly distributed cross section of the population, one way or another, it's unreasonable to expect that everyone would be precisely at the 50th percentile. The incomes get pretty high in the upper percentiles.
Don't let it. My response for example was 30k is a good salary but doesn't mean I'm on it In fact I'm on bugger all at the minute. But my previous job was 21k.
Aye me too, I worked for 7 years in a company and got up to 20k which 3 years ago was pretty good I guess? Anyways now I'm just looking for work but I don't want less than 20k I know I know I'm being picky. I've not claimed benefits in 3 years though so no hate please.
It's not the salary you earn that is important , it's what you do with that money . I live in Scotland and earn 16K a year , and my wife earns 12K a year . We live in a 4 bedroom cottage , with two children , and despite what some people class as low earnings , we still have money at the end of the month , and are very happy. We have no loans , and no credit cards and our mortgage will be paid off in a couple of years . I know people in my area that earn almost twice what I earn , but still seem to struggle financially.
It's not the salary you earn that is important , it's what you do with that money . I live in Scotland and earn 16K a year , and my wife earns 12K a year . We live in a 4 bedroom cottage , with two children , and despite what some people class as low earnings , we still have money at the end of the month , and are very happy. We have no loans , and no credit cards and our mortgage will be paid off in a couple of years . I know people in my area that earn almost twice what I earn , but still seem to struggle financially.
You live according to what you earn though really. I earn £28k and my wife is on £18k. If I had a reduction in wage or went for a new job I couldn't contemplate anything less than £23k. If I went down to that it would pay the bills but we wouldn't be able to save anything and would hardly be able to go out. So for us a £46k combined income is fine, this is for my wife and I and our one year old. We have a nice house, a nice car, can eat well, can afford bills and monthly credit card payments and have enough left to save some a month and have nights out.
It's pretty obvious what a decent salary is and that salary is.....(drum role)
Individually based, there is no specific country wide sum
If after all your bills (what ever they may be) are paid for, and your left with enough money to live the life your wanting to live.....then high five my friend your on a good wage!
there are so many different variables for EVERYONE
You have
-Single people
-Single parents
-Couples
-Couples with kids
-Cost of living for different areas
-Bills of which EVERYONES is different which also goes in hand with cost of living
-Cars, everyone has different cars of which cost different amounts, some might not have a car due to not needing one (City folks)
-Holidays, everyone holiday differently, and everyone spends different amounts
-hobbies, everyone is different, some a free, others are more expensive than others
I could go on and on and on
if your happy and are in a position to save if needed, socialise, do your hobbies, go on the holidays you want, then your getting paid s decent wage for your life style
Surely it all depends on what you do and where you live. 22K for an unskilled job in a cheap area would be fairly decent I should think. 22K for a skilled job in an expensive area would be pretty poor.
For me, living in a medium priced area, working in a skilled job I earn what I think many would consider a bad wage. I would be happy with around 30K plus I think.
Comments
It seems that barely a week goes by without someone explaining to you how things work in the real world.
Here's an example: a full-time spot at the nursery down the road from me costs roughly 10k a year, and that's cheap compared to some.
Suddenly a salary of 20k doesn't seem so great, does it?
Everyone where I work earns more than that even the most junior member of staff
I am sure you can get benefits for that. Also £10k seems excessive for a nursery fee.
Also, with kids, there are probably 2 salaries, but still only 1 mortgage and 1 council tax for example
As long as you earn enough to do what you want to do, that is the main thing.
I pay £3000 a year for two days. So increase that to 5 days if you're full time that's over 7k and my son goes to a really cheap childminder which is about a third less than the nurseries around here.
It's not excessive at all. That's £45 a day, 5 days a week for 12 months, give or take. For one child, so you can double that if you have more. It's about £10-£15 a day less than what we would have paid had we stayed in Aberdeen - feel free to have a look online if you don't believe me. Childcare is eye-wateringly expensive.
If I add all our other expenses together - so mortgage, travel, maintenance, clothes, food, council tax etc etc I've already blown through a 20k wage and well through the other side. Luckily, our household income is well above that but we both have highly skilled jobs that we work damn hard in, so frankly we deserve it, and it wasn't always the case that we were that fortunate.
I can certainly understand why many people find it so hard to ends meet on a wage you have labelled as excessive with no real life experience at all.
I was an engineer in a nuclear power station, my basic salary was nearly £50k when I retired in 2002. Even my company pension is £30k and I live in rural Scotland.
Anything less is a pittance.
This covers a decent car, rent and bills, and a few nice clothes.
A bit left over each month to bung into savings and all is good.
Depends on whether or not you have extravagant tastes.
I'm in California, the so the pay scales are a bit different than the UK. But almost everyone I work with earns at least that in their early 20s, in entry level roles straight out of university (~$100k USD). Now in my 30s, I'm earning more than double that. Not in any kind of management role, just a basic engineer with a lot of skill and experience. And that's just base salary, not including bonuses, stock options, investment income, etc. The company is highly selective, and not merely average for the field, but the topic was "good" salaries, not "average" ones.
Lol, 6k mortgage! Round here that will probably only cover about 1/4 of the year.
Its pretty standard. To send my daughter to nursery currently costs us over a grand a month. Add to that 1.5k mortgage payments and there goes 2.5k before i have even seen my paycheck. Then there are bills/food/fuel/ child related costs for the other one/pub/computer games/house stuff. The list is endless.
Luckily Mrs Girth and I earn a decent whack between us so we are pretty comfortable at the moment. But it certainly wasn't always thus and always remember your only your notice period away from having a severe income reduction...
45K, living in a council house way outside London and "still struggles big time"? He's bullshitting you surely - unless he has some massive secret gambling habit? Or the kids have all been sent into private education? If he was paying towards an insanely expensive mortgage I could understand, but not if he has a council house and a non-working wife who (presumably) looks after the kids.
Sorry I really don't get this, at all. Is it a wind-up?
I have a mortgage which will be paid in December 2021. I retired early at the age of 57 as my partner had a stroke 7 years ago and working full time and being his carer simply became too much. I would have liked to retire completely but could not afford to do so.
My partner's only income is DLA at the higher rate and a state pension of £79 a week.
We need adaptations for the house such as a permanent ramp, a through floor lift (he is unable to use a stair lift) and a walk in shower. We applied for a Disability Grant but need to pay the first 12.5k for a 17k bill. We expected to contribute but simply can't afford that amount.
It is difficult to know what to do and what the future holds.
What is a good salary? Our income was fine until my partner became disabled now we are struggling. Circumstances change.
Given that there are thousands of users, statistically, one might expect dozens of people in the top 1% of earners and hundreds in the top 10%. Though it's entirely possible that DS users are not an evenly distributed cross section of the population, one way or another, it's unreasonable to expect that everyone would be precisely at the 50th percentile. The incomes get pretty high in the upper percentiles.
You live according to what you earn though really. I earn £28k and my wife is on £18k. If I had a reduction in wage or went for a new job I couldn't contemplate anything less than £23k. If I went down to that it would pay the bills but we wouldn't be able to save anything and would hardly be able to go out. So for us a £46k combined income is fine, this is for my wife and I and our one year old. We have a nice house, a nice car, can eat well, can afford bills and monthly credit card payments and have enough left to save some a month and have nights out.
Just what I thought! Maybe 6K if you bought a good few years ago. 10K is now more typical. 14K if you live in the South East.
Individually based, there is no specific country wide sum
If after all your bills (what ever they may be) are paid for, and your left with enough money to live the life your wanting to live.....then high five my friend your on a good wage!
there are so many different variables for EVERYONE
You have
-Single people
-Single parents
-Couples
-Couples with kids
-Cost of living for different areas
-Bills of which EVERYONES is different which also goes in hand with cost of living
-Cars, everyone has different cars of which cost different amounts, some might not have a car due to not needing one (City folks)
-Holidays, everyone holiday differently, and everyone spends different amounts
-hobbies, everyone is different, some a free, others are more expensive than others
I could go on and on and on
if your happy and are in a position to save if needed, socialise, do your hobbies, go on the holidays you want, then your getting paid s decent wage for your life style
For me, living in a medium priced area, working in a skilled job I earn what I think many would consider a bad wage. I would be happy with around 30K plus I think.
The opposite actually...