Are we rich pricks?

[armchairadmiral 411]

Probably rich.....but for most of us it's rich in lifestyle. Not many places left where people on average incomes can own a pleasure boat permanently moored. And looking at Auckland fees we're on our way to extinction too. Rich in $$$$. Some but not most !

[chippie 6]

Also wonder if there's any value in asking the question as to how many boats are in shared ownership.  

We have been for many years.  It's worked out great. Two to share the costs so either half the cost or twice the boat for the same money.  (very roughly speaking)  And two people to do the maintenance.

[DrWatson 374]

Well, I need some some time to crunch the survey numbers more thoroughly but:

 

Rich? On the surface yea. but there's a lot more to it.

 

If we take the median per person income to be 45k (NZ June 2014), we see that if we look at household income and make an assumption that there are at least 2 people dependent upon that income (for more than half the cases this is true) then: 

 

about 38% of responders earn about the median or under the median.

 

 

I can do more in depth analyses and give greater clarity.

 

But these people are not what we'd call rich, but they still manage to own and run mid and large keelers on what is essentially a median wage. some even do it while raising kids.

 

Although 38% is a technical minority, it's still a large minority.

 

If we look at the other end of the scale, almost 38% of respondents indicate house hold income of over 200K. Wow they must be RICH. But are they?

 

If that 200k is earned by a professional couple on good jobs, it's 100k per person - which is a good wicket, but it is astronomical? Is that what we'd consider to be a rich person? How do we define rich?

 

Of those earning +200 per household:

 

1 is single

4 are a couple

5 have 1 or more children (max 2 chil'n)

 

 

Our survey results to date suggest that there is a definite trend that the population of responders do have higher median earnings than the NZ median wage. which we expected.

 

However, there are also a significant number of responders who also appear to earn the NZ median or less, and yet they still go sailing and run large yachts.

 

 

So while "People who are rich can own yachts", is indeed a correct statement.

 

 

"People who earn the median NZ wage can own yachts", is also an equally valid statement.

 

 

One might make the claim that we are rich, some probably are.

But as yet, we've not collected any survey results to determine that we might be pricks. 

[Black Panther 1,581]

I'm pretty sure my wife has called me a prick before

[Myjane 40]

Yes but whether we go away on the boat or stay home we need food ,so there is a daily cost to fuel us up , booze is an xtra we don't need it we want it ,