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  1. CheeseRolls

    [Finance] What is 'rich' in 2023?

    My personal measure of cuts having effect locally, will be when I no longer see cars queueing to get into the local drive through McDonalds throughout the weekend. How can so many people view this as a convenient value for money family treat?
  2. CheeseRolls

    [Finance] What is 'rich' in 2023?

    and good that they have been able to find good jobs in the local area, or where they can work from home. I mainly rented in my twenties as I moved around with jobs and then spent 20 years plus commuting to London five days a week. I wouldn't wish that on anyone, just as I don't wish the pressure...
  3. CheeseRolls

    [Finance] What is 'rich' in 2023?

    Even better inherit "farm buildings" if you really want to bypass paying tax. It used to be justified on the basis that splitting up large farms was inefficient. These days farmers seem to be tenants and all the benefits go to the property owners to pass down through the generations.
  4. CheeseRolls

    [Finance] What is 'rich' in 2023?

    Exceptional earnings e.g. a one off. I live in a house with highish earnings. It has five adults. Two are trying to pay off an outstanding mortgage and top up pensions. The other three are saving hard for a deposit to buy properties. In the not too distant future this will be a household of...
  5. CheeseRolls

    [Finance] What is 'rich' in 2023?

    It is possible to be rich at any of the earning options outlined. The biggest discrepancies exist in unearned income and the transfer of assets between generations. For example who is richer here? 1 A 25 year old who owns a substantial property outright and a top end car, does not work and has...

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