My grandmother is 73 years old and retired. She lives with my parents and I in our house here in Plymouth. My grandma has a small state pension of about £400 a month. My dad is 51 and my mum is 49. My parents have a combined income of £2,000 a month. We live in a house worth £250,000 and my parents paid off the mortgage on it 7 years ago, so they fully own our house now. We as a family(My Grandmother, mum, dad and I) have a combined savings of around £350,000. We own a Mercedes worth around £20,000.
So in total our family has a net worth of about £620,000, plus an income of £2,400 a month. I am studying at University. Are we considered working class or middle class?
Added (1). My Grandfather sadly died a few years ago.
Read more: Does my families net worth make us working class or middle class? What would we be considered?
