Jump to content
House Price Crash Forum
Sign in to follow this  
Lepista

How Many Uk Pounds Are There Per Uk Person?

Recommended Posts

As title.

At what %age of that number do you have to be to be classed as "rich" or "well off", or even "middle class"?

Edited by Lepista

Share this post


Link to post
Share on other sites

As title.

At what %age of that number do you have to be to be classed as "rich" or "well off", or even "middle class"?

A Poo index?

Nope. How many bricks would be a much more effective measure.

Share this post


Link to post
Share on other sites

As title.

At what %age of that number do you have to be to be classed as "rich" or "well off", or even "middle class"?

Printed pounds on paper? Coins? Bank deposits? Bank deposits that are tied up for five years? Gilts held by the Bank of England as part of their quantitative easing programme? There's no simple definition of how much money there is, so you need to rephrase your question very very precisely.

Share this post


Link to post
Share on other sites

Printed pounds on paper? Coins? Bank deposits? Bank deposits that are tied up for five years? Gilts held by the Bank of England as part of their quantitative easing programme? There's no simple definition of how much money there is, so you need to rephrase your question very very precisely.

That's part of the point of the question.

Share this post


Link to post
Share on other sites

Hey, changing pooinds to pounds in the subject line is a bit underhand. Undermines my previous reply.

That's part of the point of the question.

Google "sterling M1" or "sterling M4", depending on whether you want to count all the bank-created funny-money.

Share this post


Link to post
Share on other sites
Before the credit crunch struck in 2007, there were 7.9million people in Britain who were classified as ‘affluent’.

To be ‘affluent’, you must have more than £30,000 in liquid assets, such as cash, savings, bonds and stock market investments. The value of pensions and property is not included.

Two years later, the number of ‘affluent’ Britons had dropped dramatically by 700,000 to 7.2million by the end of 2009, according to Datamonitor.

http://www.fmwf.com/taxonomy/personal-finance/2010/08/rich-no-more-700000-wealthy-people-wiped-out-by-the-credit-crunch/

Share this post


Link to post
Share on other sites

So, from the BOE, 0.4% of M4 is £7.9 billion. Thus M4 is approximately £2,000 billion.

Divvied up between 65 million people gives just over £30,000 per head. Still not alot...?

Edit: Bad maths!

Edited by Lepista

Share this post


Link to post
Share on other sites

So, from the BOE, 0.4% of M4 is £7.9 billion. Thus M4 is approximately £2,000 billion.

Divvied up between 65 million people gives just over £30,000 per head. Still not alot...?

Edit: Bad maths!

Not certain but the figure will probably come out about the same as gdp per capita (in the domestic currency not inflation adjusted), so this sounds about right.

Share this post


Link to post
Share on other sites

Not certain but the figure will probably come out about the same as gdp per capita (in the domestic currency not inflation adjusted), so this sounds about right.

Actually a bit less. 25k ish, coincidently the same as the median income amongst those with a paid job.

And guitarman still whines about feeling poor on his affluent salary :P

Share this post


Link to post
Share on other sites

As title.

At what %age of that number do you have to be to be classed as "rich" or "well off", or even "middle class"?

Where are you leading with this? I assume it is to help with some sort of calculation of how much spending power per head is diluted with QE. Actually, theres' no logic to my rambling - it wouldnt work because it just puts more money into the numerator pot with the same denominator.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.