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	<title>almost witty &#187; household</title>
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		<title>Money money money</title>
		<link>http://www.almostwitty.com/current-affairs/money-money-money</link>
		<comments>http://www.almostwitty.com/current-affairs/money-money-money#comments</comments>
		<pubDate>Fri, 29 May 2009 00:57:23 +0000</pubDate>
		<dc:creator>Andrew</dc:creator>
				<category><![CDATA[Current Affairs]]></category>
		<category><![CDATA[Life]]></category>
		<category><![CDATA[Work]]></category>
		<category><![CDATA[average]]></category>
		<category><![CDATA[household]]></category>
		<category><![CDATA[householdincome]]></category>
		<category><![CDATA[ifs]]></category>
		<category><![CDATA[income]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[salary]]></category>
		<category><![CDATA[wealth]]></category>

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		<description><![CDATA[lust money Originally uploaded by catsfather The ongoing saga of MP expenses has opened up a veritable kettle of worms in terms of what people earn, what they expect to earn &#8211; and crucially, how that compares to the rest of the population. The Institute of Fiscal Studies has a handy calculator that compares your [...]]]></description>
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<a href="http://www.flickr.com/photos/catsfather/137395611/" title="photo sharing"><img src="http://farm1.static.flickr.com/51/137395611_612cfa2607_m.jpg" alt="" style="border: solid 2px #000000;" /></a><br />
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<a href="http://www.flickr.com/photos/catsfather/137395611/">lust money</a><br />
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Originally uploaded by <a href="http://www.flickr.com/people/catsfather/">catsfather</a><br />
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<p>The ongoing saga of <a href="http://news.bbc.co.uk/1/hi/in_depth/uk_politics/2009/mps'_expenses/default.stm">MP expenses</a> has opened up a veritable kettle of worms in terms of what people earn, what they expect to earn &#8211; and crucially, how that compares to the rest of the population.</p>
<p>The <a href="http://www.ifs.org.uk/wheredoyoufitin/">Institute of Fiscal Studies</a> has a handy calculator that compares your income against the British national average <em>(<a href="http://news.bbc.co.uk/1/hi/magazine/8072031.stm">£390 for a two-adult household, after taxes and benefits</a>)</em>. </p>
<p>My details against the <a href="http://www.ifs.org.uk/wheredoyoufitin/">IFS calculator</a> show that I have a higher income than around 85% of the population. Then again, I&#8217;m in a single household with no dependents. </p>
<p>I&#8217;m reasonably happy with my salary &#8211; I don&#8217;t feel rich, but I don&#8217;t feel poor either. I&#8217;m not buying Tesco Value baked beans, but neither am I buying organically grown gourmet beans flown in from Fiji. But then once I discovered that some people earned far more than I did, I was slightly peeved for a while &#8211; for no good reason. My income hadn&#8217;t changed at all, but the knowledge that other people were doing far better than I did suddenly started to rankle slightly. For no good reason.</p>
<p>There&#8217;s a fascinating &#8211; if somewhat biased article &#8211; in <a href="http://www.guardian.co.uk/money/2008/aug/04/workandcareers.executivesalaries">The Guardian</a> about the *emotional* gap between those working in the City and their reality. How everyone in the City assumes they&#8217;re working for a slave&#8217;s wage, yet can&#8217;t grasp the reality that they are far better off than most people. Because, alas, most people aren&#8217;t around them &#8211; they only see their peers.</p>
<p>Which is probably why MPs had no clue that the rest of the country would see what they were doing as thieving.</p>
<p>I&#8217;m fairly sure most of my friends would consider themselves to be average wage-earners, not earning that much more or less. But then the reality is, in fact, that they&#8217;re probably all earning far more than say 75% of the population.<br />
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