Can't Cope on £100,000 a year?

I expect most of these people live in the South of England and are mortgaged up to the eyeballs in obscenely expensive homes... It's the lifestyle that these people seem to be chasing, which is an illusion for all but one in a million, and I think it's pathetic. Having said that, it's the w4nkers in fast cars who bought everything on credit and now "can't cope" that are mostly responsible for the "boom" in the economy that we experienced over the past ten years... I wonder how these people would "cope" on the median income? Or, indeed, on less? I like to think that they'd all perish; the world would be a better place.

Honestly, if someone came up to me right now and whined about 'only' earning that much I would have to slap them...lol... I have been unemployed and looking since February, have a load of medical bills and have become the most frugal shopper on the planet. We live in a one bed apartment and have no car. And yes, I would like to earn that much in a year - I'd like to pay off everything and have a chance to get out from under. So yes, some of the slap comes from jealousy...lol....and some from a feeling of, 'oh, shut up, you have no idea.....!'

In that strata of society, they are not even aware that they are wasting so much and wanting so much more than actually required for normal healthy sustenance of life. This brings to my mind a comment by a biggie in our office who draws salary and perks in the range that is unimaginable to us. Along with that, his wife is with HDFC Bank in a senior position and in between both of them, they’re earning in the bracket you mention…well us minnows have had no increment or bonus this year and we were just discussing our woes the other day when he chipped in with the same sorry tale! Can you believe it? And he actually holds a grudge against the company that he’s had no monetary appreciation this year and its becoming so difficult for him to cope up! Yeah! So like I said, they are not even aware or bothered or even interested to know how we spend our meager incomes in trying to make our families happy…they are only interested in how much more they are going to earn and how they are going to spend all that…most expensive clothes, shoes, accessories, holidays…I really don’t know *shrug* they think they deserve it some way or the other!

Many people are greedy and always want more than they have. Most people dream of having a pay rise. People that have very high paying jobs react poorly if they get made redundant. I saw a program on television called 'Middle Class and Jobless'. One man had been working for a firm earning £90,000 a year. He had a large house and a fancy looking car. He refused to apply for Job Seekers Allowance which would have given him £60 a week. He applied for jobs but he thought a £20,000 salary would be pathetic. By comparison a student can have long holidays and might save up to spend six weeks backpacking around Australia beginning in July. People like spending and many with high salaries wouldn't get on well if they were made redundant. I am a keen traveler and I travel even if I don't have all that much money.

Yes the more people make the more they spend and these people most likely have high mortgages and such but to complain they can't cope. Please time to cut back. I have been out of work since June and have no idea how I am going to give my son a Christmas like so many others out there. I just looked at the unemployment rate again today and wanted to cry its gone up another 4points in the last 6 months but not to worry the economy is getting better hahahahaha. Yes there are some jobs out there but when there is only 1 position and hundreds applying it makes it extremely hard to land one.

Wow! £100000 pounds a year is a lot oc money. I am the sole income earner for a family of 5 and my yearly income is less than half of that. We can survive pretty well, too. I guess the problem is that themore money people get, the more they want. I think even I am guilty of that. Money management is still the key to financial freedom, tho! And I think if someone is unable to survive on £100,000 a year, then they need to sit down and think about their money spending habits.

I think it's natural to increase spending as income rises. I try to ignore any income increases, but it's very easy to justify spending more or to sign up for another fixed expense such as a new cell phone contract if you feel you can afford more.

You are absolutely right. I retired early so for the first two years I wasn't able to collect my social security or my pension. We were able to live quite well on DH's s/s and pension alone. Late this year, I qualified to collect both and I thought that we would save so much money. Wrong! We just adjusted our spending. I've lived on both of the income levels that you describe and never felt like I was any further ahead. I still seemed to live from paycheck to paycheck. As our income rose, we moved to a bigger house, bought nicer cars, went out to nicer restaurants etc.