• Welcome to the ShrimperZone forums.
    You are currently viewing our boards as a guest which only gives you limited access.

    Existing Users:.
    Please log-in using your existing username and password. If you have any problems, please see below.

    New Users:
    Join our free community now and gain access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features. Registration is fast, simple and free. Click here to join.

    Fans from other clubs
    We welcome and appreciate supporters from other clubs who wish to engage in sensible discussion. Please feel free to join as above but understand that this is a moderated site and those who cannot play nicely will be quickly removed.

    Assistance Required
    For help with the registration process or accessing your account, please send a note using the Contact us link in the footer, please include your account name. We can then provide you with a new password and verification to get you on the site.

The New Upper Class?

Forums New posts
Status
Not open for further replies.

Neil_F

Coach
Joined
Jul 5, 2007
Messages
855
Location
Islington
I was discussing with a friend what constituted the new upper class. We decided to consider income only and define the upper class as the point at which a family didn't need to worry about money.

At what level of income does someone no longer need to worry about money though?
 
I honestly don't think that you ever stop. Someone I know has net worth of £2.5m, liquid cash / assets of about 3/4m, and is constantly worried about money, and that it could be all taken away. However others earning 30k without a single pound saved don't seem to care.

I think it would take true cash in bank, not income, to take away that fear.
 
People generally live to their means though don't they? People who earn £1M+ surely still have the same worries as those on the lower end of the scale. Unless a millionaire lives in a 3 bedroom semi of course, which is highly unlikely.
 
MK - I think you are partly right - if you are inclined to live on financial "red-line", you will always be skint regardless of whether you have income of £1 or £1million. Hence why net worth and liquidity is a far better indicator of being able to live without financial worry (even though, as in my example above, your personal fears might still cause you to worry).
 
In my view, 'upper class' and 'middle class' relates to something other than the sheer amount of money someone has. Maybe more whether they had to work for it or not in the first place. If someone from a poor background made a lot of money through enterprise / effort / ingenuity they could have more money than a 'toff' who will inherit the family fortune, but I would still not neccesserily place the person who had made money themselves as 'upper class'. I guess in current terminology, 'upper class' denotes 'poshness' rather than actual wealth?

Regarding worrying about money, I know someone who sold their company for an 8 figure some, yet still buys a lottery ticket. Unless you are of the wealth of a sheikh I think you just live to your means and spend what you have and will still worry about whether those fortunes are invested safely.....
 
Mad Cyril said:
I'd stop worrying about money if it had my picture printed on it.
Click to expand...

early contender for post of 2011.

I agree with MK, you live within your means. However I don't think I'd say I have money worries as such, saving slowly but surely and able to do the things I enjoy. I guess that will change when I have dependent and if my job was less secure.
 
I remember some magazine (I think it might have been a copy of Playboy I had when I was about 15) doing a poll of Americans, the question being how much do you need to be earning in order to live the American Dream. The results came back that on average, respondents felt they needed to be earning double what they presently were. However, all this meant was that a guy on 25k felt he should be earning 50k, 50k needed 100k and 100k needed 200k etc.

As 11 says, everybody lives to their means. I struggled massively when I was 19 and bought a house earning less than £10k yet I still don't feel that my lifestyle was massively different to how it is now despite earning much more. In fact, rather sadly, it's barely changed at all. At 19 I was getting drunk, watching/playing football, trying to pull birds and masturbating a lot. Don't quite have the energy to masturbate as much and I'm past it on the playing front however the other bits are pretty much the same!
 
MK Shrimper said:
People generally live to their means though don't they? People who earn £1M+ surely still have the same worries as those on the lower end of the scale. Unless a millionaire lives in a 3 bedroom semi of course, which is highly unlikely.
Click to expand...

Quite. Try getting a 3-bedroom semi in Kensington, Islington, Notting Hill etc if you're only a millionaire.
 
Yorkshire Blue said:
Quite. Try getting a 3-bedroom semi in Kensington, Islington, Notting Hill etc if you're only a millionaire.
Click to expand...

My brother(not Shrimpero but the other one, who's an investment banker)owned a three bedroom townhouse in Islington until relatively recently.Does that make him a millionaire+? :unsure:
 
Last edited:
BarnaBlue said:
My brother(not Shrimpero but the other one, who's an investment banker)owned a three bedroom townhouse in Islington until relatively recently.Does that make him a millionaire+? :unsure:
Click to expand...

Does he share his bonus with you?
 
Status
Not open for further replies.

.



Club News
Fixtures and Results
League Table
SUFC Ticket Stats
Shrimpers Trust
SoccerBase
SUEPA (Ex Players)
Shrimperzone on Facebook
Shrimperzone on Twitter
Shrimperzone on Instagram
SUFC Exiles


ShrimperZone Sponsors

FFM MSPFX Foreign Exchange Services

Zone Advertisers MFF2

Zone Advertisers Zone Advertisers

ShrimperZone - Player Sponsorship


Southend United Away Travel


All At Sea Fanzine


Back
Top