Overheard at the LFGSS golf club bar

spending roughly the average uk take home yearly pay on a watch

Watch thread is too easy

Who is spending £60k on watches!!??

TBH the bomb shelter is a plus in this uncertain world.

,

ha!

Who is spending £60k on watches!!??

I mean, if it's a toss up between a new watch and a quick kitchen refresh...

Who else has been shorting Credit Suisse shares today?

Can't believe I just engaged with this shit, but yolo

Did lol

Who is spending £60k on watches!!??

Nicely done. (I assume)

For those puzzled, According to the ONS, in 2021 the average UK salary was £38,131 for a full-time role which would give you a take-home salary of £29,276. That, I think we would all agree, is a perfectly reasonable amount of money to spend on "timepieces".

Time is money.

#youmustspreadrepetc

never did me any harm

was gonna get all uppity about huge wages existing that must offset min wage, bringing that average higher than I would assume.
Apparently only 5% of our work force are on minimum wage (or less!??) so that's me told.
I'm not on minimum but after April my wage isn't gonna be far off :(

the median was exactly £33k in 2022

I briefly looked this up recently and was surprised it was so high.

I have made terrible life choices.

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The crazy stuff happens in that top 1%. To be in the top 0.1% you have to earn something like £635K+. The outliers are nuts.

Can well imagine someone just inside that top 1% complaining that they're poor (compared to the rest of the 1%).

Also I think it's the IFS that produce a map of average income across the UK and the one place that on average pays more than the city of London is West of the Lake District.

Presumably the data at that point is unreliable, as with the exception of Premier League footballers, nobody that rich just takes a PAYE salary, it will all be undeclared shares in the Cayman Islands.

I seem to remember a stat that said in order to be in the 1% globally, your total assets (not earnings, assets) needed to be £12,000

Edit: maybe closer to £34k, actually

Premier League footballers don't just take a PAYE salary. Lots of stuff going to (often offshore) companies too

Finally, now this place sounds like a proper golf club.

No doubt weird stuff going on with image rights etc but I believe their salaries for the actual football are PAYE, they are standard employees in that sense.

This from Carlos Tevez a few years back was apparently genuine

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Ah. That brings back memories.
It was like some sort of law that everyone in 1st XV had to do that