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Latest News

£37,000 will do nicely

by Personnel Today 17 Sep 2004
by Personnel Today 17 Sep 2004

For
the typical UK
employee, £37,000 a year is the dream annual salary.

Research
shows most people said they would be happier earning just an extra £1,000 a
month.

That
means the typical worker – on an average salary of £25,000 a year – would be
content with an extra £12,000, or £37,000 in total.

Two-thirds
of those asked said they would be happier with their lives if they could earn
the magic £37,000.

Although
10 per cent of the UK’s
workers feel they are struggling to make ends meet and more than 25 per cent
feel their salary does not allow them to live the lifestyle they want, the
majority do not want lottery-style salaries to make them happy.

Simon
Ripton, of the Alliance
& Leicester, which commissioned the research said: "Although a
minority of us feel we earn enough to be able to do everything we want, as a
nation we have realistic expectations of how much more money we would like to
earn to make our lives easier.

"We
certainly don’t have any lavish dreams of millionaire salaries," he added.

But
the survey, based on the responses of 2,000 people, showed that money is the
most common daydream for 28 per cent of people. Fifty per cent think about it
at least once a day and people who earn the most – more than £60,000 – dwell on
it most.

By Daniel Thomas

 

 

 

 

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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