Who do you consider rich?

Well GSM if you consider an income of £500.000 not rich what do you consider poor.. my income is £12.000 a year but I don’t consider I m poor because I can live within that and don’t need a food bank or any other help you must be very rich if you have an income higher than £500 000
If you don’t need your £400 I ll look after it for you

Just pondering this and doing googling and apparently the question that tends to stump many politicians is how much is a pint of milk.

This makes them out of touch and wealthy.

But I have no idea how much a pint of milk is. I have no idea. Is it £1? £2? No clue.

But does this mean I'm rich and out of touch?

Zoejury,i must be tight then lol.
Callistemon21,of course you are,lol.

Grandma70s

I believe it is Rishi Sunak’s wife who is very rich.

I wonder if she gives him pocket money?

annsixty

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

What?!
Surely not?

It beggars belief

timetogo2016

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

I'm not rich, then!!

timetogo2016

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

Depends which shop you're in?

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

Molly spot on. It applies to us as well. We, too, have been wondering what to do with it, but I think we should not be receiving it in the first place. If this largesse was spread more carefully, including extra for those on state pension, the debt this country is building up, which needs to be repaid sooner or later and accummulates interest, would be lower.

We have seen with COVID how the PM and Chancellor went scattering money as if they had a convenient money mine, and as we know now, however much good it did to many. Significant amounts were paid to dodgy coomoanies and, as we know, from audits taken place, the amount of fraud in the schemes and in the benefits system itself were very high.

All that money could have been saved or put to better use elsewhere. If I do anything with the money, I think I will return it to the Treasury, for the good of the country asna whole, not just my pet charities.

As I understand it being rich can mean having money but generally spending it. People who are wealthy tend to retain their wealth and make wise investment decisions.

I believe it is Rishi Sunak’s wife who is very rich.

Just to be clear we are nowhere near Rishi's league - we just do not need that money mainly because we do not spend much.

I agree with Molly the rich are those who do not need £400. We shall be giving ours away along with the money we give regularly to charity every month.

Rishi Sunak is rich

To me, rich means not having to work for a living. The money is just there in the family, inherited.

If you look at the SundayTimes Rich List, most of the people are not well known names. The Queen is quite a long way down.

It'd make an enormous difference to food banks if anyone not desperate for the money gave a tenner to their local food bank. More if they can afford it.

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

Some people consider themselves poor. A neighbour has a very nice house in a lovely area. He rents out two properties that he owns, runs a brand new mercedes and has had 3 holidays abroad already this year.
According to him he is poor.

I honestly do not know where rich kicks in.

Obvious multi millionaires/billionaires are tich if you have a mortgage, big house to upkeep, children at home and a car to run £75,000 pa would suffice but I doubt there would be much left over.

For me rich is people who don’t have to think about buying what they want, not need, want. New car, designer dress, holiday, meal out for example.

Should it be rich or wealthy? To me rich is also to do with quality of life, as well as money. I think being rich is having more than enough and a bit to spare.
Wealthy to me means having invested money/had inheritance/bought property.

Rich is those who wouldn’t miss the £400 because they can spend that in less than a week and not notice.
Who would I give it to?
Food banks seems to be the most equitable answer as it would be less likely to be swallowed up in admin costs and benefit those most in need.
There are so many causes.
So many different situations.
For example, you can have an income of £50,000, but now have children studying at Uni in London and elsewhere which, along with your £1,000+ pm mortgage and utilities rail/bus/transport fares to work and still be grateful for the bonus.
Personally I’d give it to one DD as we already need to be on call for emergencies.

But to me it isn’t. It’s all down to personal perception.

Rich for me is income of £500,000 plus.

I’d say owners of multiple properties and/or companies who don’t work for anyone, just themselves. Some of our friends are like that and good luck to them, they (mostly) earned it through hard work and sacrifices in their earlier years.