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To be fair, school fees have risen a shit ton since I went to school.
The school I went was about £1500 per term when I was a kid. Its £7k per term now. If it had just risen according to inflation, it'd be £2700 per term in 2021.
Its a common story across the board. Private schools have become a LOT more expensive.
Edited: I put the wrong value into the inflation calculator.
Stonehedge-
Also almost no one thinks they're rich.
I remember listening to someone discussing a paper they'd done interviewing wealthy New Yorkers. Lots of these people, or their spouses were on >$1m pa. But they often shopped in sales, needed that income to maintain their lifestyle, didn't feel that they could spend limitlessly, lived in a city with a high cost of living, etc. and so didn't regard themselves as rich.
In more anecdata, I used to sit opposite a sales person who dealt with HNWIs and as a scare sales tactic he'd break down their income and expenditure and what they needed to retire. So many were literally just covering their costs. This isn't about playing a small violin, but just pointing out how most people's brains work.
hugo7
on the recent discussions