I get that this is really subjective but wealth isn’t just being able to afford day to day things it’s much bigger than that. I’m not ranting at you with this btw so pls don’t think I am a dick - I think where British ppl don’t want to talk about money and those with it refuse to acknowledge the relative privilege it gives them this is still a really new concept to a lot of people?
Like I can’t think of specifics examples without over sharing or coming across as a Mumsnetter but we earn well, but have friends who are from *wealth* who have a combined income of just my salary (the lower of our two by far) but their quality of life is much of a muchness because they’re not paying a huge mortgage, they’re not paying school/nursery fees, cars get bought for them holidays covered or at family properties, they’ve not got to save for the kids, jobs easier as it’s through family friends etc it’s all handed to them whereas we just have our income and that’s it. Wealth just hits different I don’t think it’s possible to explain the ins and outs on just one tattle post but I would swap a higher income for an average one with the insane level of security and emotional comfort wealth gives you. Outside of becoming mortgage free saving for my LO’s future is my #1 financial priority because I want her to have these privileges cos lord knows we didn’t!
Wealth is like a passive income and gifted assets whereas earnt income is just that, you’ve had to work for it and if you stop/can’t you lose it. It’s much harder to lose wealth. Access to wealth & gifted sums of capital also makes living cheaper - you get access to better rates on mortgage products, you don’t need to take out credit products, blah blah blah. It’s like the sims cheatcode to life.
