By BECKY BARROW Source: The Daily Mail >> Read Full Article and Comment
Last updated at 1:29 PM on 07th December 2009
About 2.5million families enjoy a household income of nearly £100,000 – but do not consider themselves rich, a report has revealed. Despite their above-average pay packages, they complain of feeling broke and say they will need to earn more than £150,000 before they feel wealthy.
The survey of 1,100 professionals by the specialist insurance firm Hiscox also reveals it is not just a hefty pay rise that would make them feel better. Only other trophies, such as a second home, a work of art or a luxury car, would make them feel they are genuinely wealthy. Despite their complaints, a quarter enjoy at least two foreign holidays a year and have at least £25,000 in savings.
The survey asked professionals what income level would make them feel rich. On average, they said they would need a household income of £152,865, compared to their average household income of £93,000 at the moment.
Struggling: Despite their six-figure income, many professionals feel unable to make ends meet (Posed by models)
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Household income is either the salary of the only breadwinner in a family, or two salaries if both parents work. The findings may surprise the majority of families in Britain who are getting by on the national average household income of about £35,000 … Continue Reading
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