With taxation a problem on this common election marketing campaign, simply how a lot do you need to earn to be thought-about rich within the UK these days?
Properly, in response to new analysis by consultancy Britain Thinks and job website Certainly, it is £134,one hundred seventy a yr.
The determine is almost 5 occasions the nationwide common wage of £28,000.
However that common conceals big generational and regional variations, with youthful individuals more likely to consider wealth begins at decrease pay ranges.
Slightly below 60% of younger individuals consider that richness kicks in at £eighty,000 a yr, whereas solely 35% of these aged sixty five and over would agree.
General, forty four% of UK staff contemplate that an individual incomes £eighty,000 is rich.
Regional variations are additionally notable. In Wales, the typical individual considers an annual wage of £ninety one,681 to be the purpose at which wealth begins.
However in south east England, you’d should be incomes £162,844 to be seen as wealthy, seventy eight% greater than in Wales.
“The labour market is creating jobs at a gentle price and unemployment is at its lowest degree for greater than 4 many years,” stated Mariano Mamertino, an economist at Certainly.
“However wages have stagnated and British output per employee continues to languish under worldwide developments and much behind that of many different European nations. The hole between incomes the UK common wage of £28,000 and incomes £eighty,000 will really feel onerous to bridge for a lot of.”
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