Who do you consider rich?

lemsip

I understood that the £400 will go to the energy companies and deducted from our bills...........so we will not be able to hand the money back because we won't have it!........ copied and pasted below from news.
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In other words, from October, everyone's energy bill will be reduced by £400.
The discount will be made automatically by your energy supplier. There is no need to apply.

That’s how I understand it too. We are not being ‘given money’. It is the tax that the energy companies are being charged on excessive profits (or ‘levy’ if you prefer). Nobody is taking food from hungry children by accepting it, and no-one needs to feel guilty or feel that they have to donate it, any more than any other ‘spare money’ they might have lying around. It’s lovely if people do help the worse off and quietly share their wealth around a bit, but I don’t think that this is a special case.

It's all relative, but...

Or is rich having so much wealth you couldn't possibly spend it all in your lifetime?

... that is definitely rich.

Most of us will be in the position where we are richer than some, but poorer than others.

I don't have a problem with rich people - as long as they have the integrity to pay their taxes and contribute to the society that enables them to maintain their lifestyle.

But I do take issue with large corporations, big businesses, that will not pay their workers a living wage resulting in the State having to top up their pay. They tell us that if they increase wages, we will all have to pay higher costs. No, take it out of your dividends, your profits, your bonuses and be satisfied with a little bit less... you'll still be rich. And they raise their prices anyway, regardless...

We have enough and to spare in retirement, but not what I consider rich, except in comparison with those who live in poverty. I grew up in a poor family and had very little money when my children were small, so I certainly know what it is like to struggle to make ends meet. I still have an attitude of looking after the pennies. In a sense I am miserly, yet altruistic as I give regularly to charities and do voluntary work.

I think that those who are rich do not need to think about money, spend lavishly on luxuries, possess multiple properties, maybe yachts….
On the other hand, I am rich in the love and support of my family and friends, my surroundings, opportunities, and in God’s love.

I don’t consider myself rich BlueBelle. I’m comfortably off. Rich in the eyes of many I’m sure but it’s not how I perceive myself. I was at one time very poor so I know, and will never forget, how it feels.

I understood that the £400 will go to the energy companies and deducted from our bills...........so we will not be able to hand the money back because we won't have it!........ copied and pasted below from news.
.........................................
In other words, from October, everyone's energy bill will be reduced by £400.
The discount will be made automatically by your energy supplier. There is no need to apply.

I m not knocking you being rich GSM but at least have the good grace to admit to it and not say you don’t consider £500.000 a year to be rich…… It is

It’s the young or middle aged who are in decent jobs and work extremely hard but are just over the limit for getting ANY help that are the most badly hit There’s is never anything to help them

We certainly aren’t rich, but will pass the money over to our daughters who are really struggling.

To me Rich is not having to worry about money at all.

As we have family who struggle and we help them, we will never be Rich (money wise anyway). But Rich in family.

Whiff

I consider myself rich not in money as I have to be very careful. I wasn't brought up with money so have always made a little stretch. Through saving and going without meant we brought our own home the year before we got married.

When people say rich they always seem to mean money. And I know the OP meant it that way. But to me rich means lots of different ways .

I would like a holiday but will wait for another 2 years until I get my state pension. Last had a holiday in 2005 and only because I promised my husband I would have one a year after he died. Had 4 days in York.

My husband died at 47. He worked for 30 years and I have been told I will get 43p a week from his NI contributions.

Jane43

Esspee

annsixty

I have just read that second home owners will receive the payment for both homes.
More for the well off once again.

Please tell me that is not true.

Yes it’s true. Not just second home owners but those with multiple homes will get £400 for each home they own.

well they wont if they are rental homes, the people living there will claim it?

Although I see people's point that everyone will get it, even rich people but it's cheaper than means testing it. Although I loathe this government and don't need the £400 myself* I think it makes sense to do it like this

*I do enough voluntary work and contributions to not feel even remotely guilty

How can Rishi Sunak's family not be rich? He went to Winchester College which is 45k pa in todays money

In my view the answer is not black and white, how can it be stipulated ?

Esspee

annsixty

I have just read that second home owners will receive the payment for both homes.
More for the well off once again.

Please tell me that is not true.

Yes it’s true. Not just second home owners but those with multiple homes will get £400 for each home they own.

Sorry for the unintended oxymoron: you can't be both altruistic and miserly of course

Truly wealthy individuals would feel it a shame to accept some sort of rebate, and I would imagine they would either pass it along to a relative, perhaps not as fortunate as themselves financially, or to a favourite charity or organization.

"Rich" is subjective.
You can have "rich" people with pots of money who happily spend any windfall on themselves and you have others who feel "rich" because they are happy in their circumstances and are pleased to share with those they feel are less fortunate.

I guess it comes down to personality trait more than being "rich" whether you are altruistic and miserly.

timetogo2016

Rich is anyone who shops and doesn`t look at the price tag.

I never look at the price tag on expensive £££ things, but will toss up between supermarket items to save a couple of pence. I guess that old saying is true!

annsixty

I have just read that second home owners will receive the payment for both homes.
More for the well off once again.

Please tell me that is not true.

I'm neither rich nor poor but I can live comfortably within my means. OH and I will be giving any extra money we get to a charity and make sure it's gift aided. It's what we do with the winter heating allowance.

Being rich is like being poor, insofar as it is a relative state.

I am rich compared to someone who needs to use a food bank to feed her children, and I am mega-rich compared to someone who lives on the streets and doesn't know where the next meal is coming from.

I am poor compared to someone who can afford to spend £30k a term for each of their children to go to an exclusive school, or who spends more than my annual income on a week's holiday.

People who's bank books keep replenishing themselves after they spend spend spend are rich....If I make a large purchase I have to cut back and save hard to make that money up.....I imagine most of grans have to do the same

nanna8

I wouldn’t mind 400 quid but they are not that generous here. They are good at taking our money but not so good at giving it out. You only get an aged pension if you haven’t got much money, not like the UK.

Yes, it's means-tested, isn't it.
But it is more generous than the UK state pension if anyone is entitled to it.

I do remember a largish handout to parents when a baby was born but it wasn't like the ISAs here. The parents were allowed to spend it as they wished.

I said it was a matter of personal perception Bluebelle. I used to earn a lot of money, so do my son and daughter in law. The law can pay very well.

I’d already decided to give mine to charity.

I wouldn’t mind 400 quid but they are not that generous here. They are good at taking our money but not so good at giving it out. You only get an aged pension if you haven’t got much money, not like the UK.

Rich is winning Euromillions!!

I don't buy a ticket so I'll never be rich.