Not so long ago, if you had a six-figure salary or a million pounds in the bank, you'd be laughing. But an investigation by Money Mail finds that in Britain today, £100,000 would barely touch the sides.
According to a Money Mail investigation, a £100,000 income is no longer sufficient to feel wealthy in Britain. HSBC researchers found that people in the UK believe an income of £213,000 is needed to feel wealthy, nearly six times the national average. Factors like rising house prices, private school fees, and increased mortgage costs contribute to the higher cost of a "wealthy" lifestyle. Even earning between £160,000-£170,000 may only result in a take-home pay of £100,000 for additional-rate taxpayers.