Perceptions of Wealth in the UK

If you earn a six figure salary then you have a far bigger income than most of the population.

That's a multiple of the £37,500 median full-time salary and represents the kind of money that most people will only ever dream of.

But would that equate to feeling rich? The cost of living and tax mean that increasing numbers of six figure earners are saying they aren't that wealthy.

And surprisingly, more people seem to be agreeing with them - a recent This is Money poll of 7,600 people showed that 71 per cent thought you needed to earn at least £150,000 to be wealthy, while 25 per cent thought you needed to be on more than £500,000.

On this episode of the This is Money podcast, Georgie Frost and Simon Lambert discuss what it takes to feel rich and why so many people on big salaries now don't.

Also on this episode: 

Why Generation X are falling behind on pension saving and what they can do to improve things. 

Is it time to fix your energy bills as the price cap rises again? 

And Carol Knight, of TISA (The Investing and Saving Association) on why cutting the cash Isa allowance would be a bad move and wouldn't even boost investing.