This is Money Podcast

How much do you need to earn to feel rich?


Listen Later

If you earn a six figure salary then you have a far bigger income than most of the population.

That's a multiple of the £37,500 median full-time salary and represents the kind of money that most people will only ever dream of.

But would that equate to feeling rich? The cost of living and tax mean that increasing numbers of six figure earners are saying they aren't that wealthy.

And surprisingly, more people seem to be agreeing with them - a recent This is Money poll of 7,600 people showed that 71 per cent thought you needed to earn at least £150,000 to be wealthy, while 25 per cent thought you needed to be on more than £500,000.

On this episode of the This is Money podcast, Georgie Frost and Simon Lambert discuss what it takes to feel rich and why so many people on big salaries now don't.

Also on this episode: 

Why Generation X are falling behind on pension saving and what they can do to improve things. 

Is it time to fix your energy bills as the price cap rises again? 

And Carol Knight, of TISA (The Investing and Saving Association) on why cutting the cash Isa allowance would be a bad move and wouldn't even boost investing.

Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

This is Money PodcastBy This is Money

  • 3.8
  • 3.8
  • 3.8
  • 3.8
  • 3.8

3.8

11 ratings


More shows like This is Money Podcast

View all
Wake Up to Money by BBC Radio 5 Live

Wake Up to Money

54 Listeners

Money Box by BBC Radio 4

Money Box

47 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

84 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

39 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

90 Listeners

The Property Podcast by Rob Bence and Rob Dix from The Property Hub

The Property Podcast

56 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

16 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

12 Listeners

Which? by Which?

Which?

12 Listeners

The Rest Is Money by Goalhanger

The Rest Is Money

210 Listeners

Merryn Talks Money by Bloomberg

Merryn Talks Money

52 Listeners

Unhedged by Financial Times & Pushkin Industries

Unhedged

195 Listeners

Making Money by Damien Jordan & Timeyin Akerele from Most

Making Money

11 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

35 Listeners

Garys Economics by Gary Stevenson

Garys Economics

107 Listeners