Connect with us

Technology

How much do you need to earn to be wealthy? £213K, according to new insight from HSBC UK

Published

on

A new report from HSBC UK uncovers a wealth perception gap, revealing that an annual income of £213,000 is what it takes to be considered ‘wealthy’ todayThat’s despite nine in 10 high earners (those earning over £100,000 a year) saying they do not consider themselves as wealthyDefinitions of wealth are shifting, with high earners and younger generations identifying work-life balance as a key marker of wealthThe new insight comes as HSBC UK unveils its new Premier proposition for high earners across the UK, offering new benefits across wealth, international, travel and health

LONDON, Feb. 26, 2025 /PRNewswire/ — People in the UK believe an average annual income of £213,000 constitutes wealth, over six times the national average salary[1] – according to HSBC UK’s new insight report, ‘Your Money’s Worth: Defining Wealth in 2025′, with the top 4% of earners often setting a much higher bar and underestimating their comparative affluence.

The report, which analyses the UK wealth landscape, reveals a wide wealth perception gap, with people underestimating their earnings relative to others by roughly 30 percentage points, on average.

This perception gap is largest amongst higher earners. Despite being in the top 4% of UK earners, only one in 10 people earning £100,000 or more would describe themselves as ‘wealthy’, while only 1% of the UK population identify as such. High earners also place the threshold for wealth much higher, citing £724,000 as the income it takes to be considered wealthy.

Despite being in the top 4%, high earners position themselves in the top 52% relative to the rest of the UK population, just above average[2]. This highlights a significant disconnect between perceived and actual financial position and hinting to how many high earners self-identify as the ‘squeezed middle’. This is despite HSBC UK Premier customers having five times more savings and three times more money coming in and out compared to most HSBC UK customers.

Perceptions of wealth don’t just differ across income level. The report reveals that there are also distinct regional differences both in wealth and the way it is perceived. Londoners surveyed said that it takes more than £289,000 to be wealthy on average. Meanwhile, those in the Northeast say it’s an average of £80,000.

Higher earners aiming high in terms of goals

HSBC UK’s analysis reveals that high earners often have ambitious financial goals, but just under half (44%) of those with financial goals feel they are on track to achieve them. This drops significantly to only one in five (21%) of the general population. Despite not feeling on track to meet their goals, most people are optimistic about their financial futures, with 95% of high earners and 85% of the general population believing that their financial goals are achievable.

When it comes to financial ambitions among high earners, almost half (48%) are aiming for a comfortable retirement, home ownership (30%), or want to make significant home improvements (20%). But the need to prioritise more immediate costs (27%), insufficient savings (11%), and unpredictable income (14%) remain challenging, even for this more affluent group.

Credit plays an important part in helping higher earners manage their day-to-day finances. HSBC UK customer data shows that Premier customers are nearly twice as likely than most HSBC customers to also hold a HSBC UK credit card, although maximizing points and benefits will be a key driver of this trend. Meanwhile, one in 10 HSBC Premier-qualified customers are using their overdrafts regularly, compared to one in six general population customers.

Vicky Reynal, Financial Psychotherapist, said: “HSBC UK’s findings reveal a paradox: despite having high earnings and ambitious financial goals, many mass affluent individuals still don’t feel wealthy. This disconnect underscores the psychology behind people’s perceptions of wealth.

“Anxieties about rising costs, inadequate savings, and the pressure of social comparison create a sense of scarcity, even when objective wealth exists. By redefining wealth beyond the bank balance, focusing on our achievements, reducing unhelpful comparisons, and prioritising financial actions within our control, people can move confidently toward the future they aspire to.”

Investments key indicator of wealth for more than half of Brits

HSBC UK also explores diverse attitudes towards signifiers of wealth. While over half (51%) of the general population identifies owning a private jet or a yacht (48%) as the main signifier of wealth, high earners are more likely to consider non-material factors – such as retiring early (48%), frequently travelling abroad (45%) or having investments (54%) – as more relevant symbols.

Investments have emerged as critical markers of wealth across the board, with 49% of the general population seeing this as a key signifier of wealth. While the majority (55%) of those earning over £100K have investments, this figure drops dramatically to just 18% of the general population.

Almost half (49%) of Gen Z (18–24-year-olds) consider wealth in non-material terms, compared to one third (35%) of those aged 35-44. When it comes to high earning 18–24-year-olds[i], one third believe that having a strong work-life balance is a strong signifier of wealth, and 41% are aspiring to this in the next two years.

Among the nationally representative sample, this generation is also likely to be proactive and open about their finances, with nearly half of 18–24-year-olds saying they like talking about money compared to just 3% of over 55s. This proactivity is reflected in their investment behaviour, with nearly half (43%) of high earners in this group[ii] already having an investment portfolio, and less than one in five (17%) of those in the nationally representative sample are aspiring to do so.

Xian Chan, Head of Premier Wealth, HSBC UK said: “Wealth is a deeply personal concept, that is dependent not only on people’s objective financial position but also on how they feel about money.

“People often evaluate their sense of wealth in relation to how financially secure they feel, and how close they are to being able to achieve their financial goals. But the key for everyone is in early preparation. Investments remain the most significant signifier of wealth, and adding to those gradually over the long-term is a crucial step for building towards prosperity. Starting to save even a small amount regularly, and as early as possible, while developing regular habits, is one of the most important things that we can do to plan successfully for our financial futures.

“At HSBC UK, we’re committed to working with our customers to help them define wealth for themselves, take control of their futures, and start building towards their aspirations – whether they’re already on their wealth journey, or just starting out.”

HSBC UK’s latest report reveals a shift to a more holistic view of wealth among high earners. The bank’s new, enhanced Premier offer features tailored benefits across health, wealth, international and travel. From comprehensive healthcare cover to lounge access and personalised wealth management, the new Premier offer caters to high earners looking to build and grow their wealth, whatever their ambitions may be.

[1] Source: ONS
[2] Source: ONS

[i] N.B. The base size for this group of respondents is less than 50.
[ii] As above, the base size for this group of respondents is less than 50.

Notes to editors:

Methodology
The research was conducted by YouGov on behalf of HSBC UK from 12-19th December 2024. YouGov surveyed over 2,000 UK adults, with the respondent pool covering both a nationally representative sample of the general population (1,010 completes) as well as a specific sample of high earners – those earning £100K+ annually- (1,003 completes). The methodology used combined quantitative data from surveys with qualitative anecdotal insights garnered from open-response questions. 

About HSBC UK:
HSBC UK serves over 14.9 million active customers across the UK, supported by 23,700 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates. HSBC UK is a ring-fenced bank and wholly-owned subsidiary of HSBC Holdings plc.

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of the world’s largest banking and financial services organisations.

Photo – https://mma.prnewswire.com/media/2627480/Xian_Chan.jpg
Photo – https://mma.prnewswire.com/media/2627482/Report_Cover.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/how-much-do-you-need-to-earn-to-be-wealthy-213k-according-to-new-insight-from-hsbc-uk-302384994.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Parks Associates and Plume: Competition for Broadband Driven by Service Quality, Protection, and AI vs. Speed

Published

on

By

62% of smart home device owners find AI-powered cybersecurity monitoring appealing

PLANO, Texas and PALO ALTO, Calif., July 22, 2026 /PRNewswire/ — Ahead of NCTC’s The Independent Show, Parks Associates and Plume released research that details the shift in broadband competition as providers need to deliver a superior customer experience based on reliability, proactive management, and personalization. As gigabit speeds surpass 25% in the US, broadband providers must refocus beyond speed and on engagement, leveraging advanced AI platforms to account for the unique needs of each subscriber.

The new white paper, Owning the Broadband Subscriber Experience in the AI Era, warns ISPs of risks in ceding the subscriber intelligence layer to device OEMs, satellite providers, and technology platforms. Consumers, especially younger generations, are increasingly sensitive to service issues, including outages and poor customer service, while also wanting proactive services that improve reliability, protection, and the overall connected home experience:

56% of US households report at least one home internet service problem in the past 90 days.62% of smart home device owners find AI-powered cybersecurity monitoring appealing, and 27% are willing to pay at a tested price point.

“Consumers expect providers to deliver reliable connectivity, proactive support, and protection,” said Jennifer Kent, SVP & Principal Analyst, Parks Associates. “AI enables providers to anticipate problems, personalize service, and create experiences that build long-term loyalty.”

The research distinguishes between current AI applications, such as automated network optimization and predictive diagnostics, and the emerging wave of agentic AI, where tools autonomously execute multi-step tasks across the network and care environments. It examines how agentic AI is enabling broadband providers to scale services, maturing from reactive customer support to predictive operations.

Key findings:

Subscribers experiencing poor customer service are 7x times more likely to consider switching providers than those without service issues.Younger consumers are far less likely to report their internet service as reliable and are significantly more willing to switch providers.Consumer adoption of AI tools continues to accelerate, creating new network demands and the need for intelligent network management.Connected households face between 36 and 86 blocked security threats per month on average, with botnet attacks growing 89% year-over-year.

“Subscribers just want their video call to work, their kids to be safe online and their smart lock to respond when they’re away from home,” said Rebecca Stone, CMO, Plume. “What they can’t see is that our platform is blocking up to 86 security threats a month in their home and that botnet attacks grew 89% in a year. Only a platform that learns globally across hundreds of operators and half a billion devices can spot those patterns and act on them before the subscriber ever notices. That is what turns network intelligence into subscriber confidence, and subscriber confidence into lower churn and cost to serve.”

The white paper includes a case study with TELUS, which deployed AI-powered journey orchestration to achieve a 91% digital care engagement rate and is projected to prevent more than 500,000 support calls annually.

Download the white paper. Contact Parks Associates for data or for an interview.  

About Parks Associates

Parks Associates helps companies identify new opportunities, refine strategy and accelerate growth in connected technology markets through data-driven insights and industry expertise. The firm delivers proprietary consumer and industry research, market forecasts, and strategic analysis that guide business decisions across personal, connected home, SMB, and commercial technology ecosystems.

https://www.parksassociates.com.

About Plume

Plume created the first managed WiFi platform for Internet Service Providers (ISPs) in 2016, enabling the company to scale across the globe and expand into managing the entire subscriber experience, including approximately 500 million connected devices, in 40 million homes, on behalf of more than 450 ISPs, across 58 countries. By integrating managed WiFi, cybersecurity and customer care, Plume created the first open, hardware-agnostic SaaS Subscriber Experience Platform for ISPs. Powered by an unmatched global dataset and AI optimization, the Plume Platform builds subscriber confidence through improved WiFi experiences, seamless new service implementation and proactive customer care. Plume’s open-source framework OpenSync® is pre-integrated and supported on the leading silicon, CPE and platform SDKs, and supports leading industry standards like RDK-B and prplWave. Discover more at www.plume.com.

Elizabeth Parks
Parks Associates
972.490.1113
419288@email4pr.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/parks-associates-and-plume-competition-for-broadband-driven-by-service-quality-protection-and-ai-vs-speed-302831835.html

SOURCE Parks Associates

Continue Reading

Technology

Jeffrey Hayzlett, C-SUITE NETWORK™, Emovid™, and Didit Launch “Voices of 250” Initiative to Mobilize America’s Business Leaders for the Nation’s 250th Anniversary

Published

on

By

National Campaign Calls on CEOs and C-Suite Executives to Share Their Perspectives on Freedom, Leadership, and Opportunity

NEW YORK, July 22, 2026 /PRNewswire/ — Jeffrey Hayzlett, Chairman and Founder of C-SUITE NETWORK™, today announced a strategic partnership with Emovid™, and Didit to launch Voices of 250, a nationwide initiative inviting business leaders to share what freedom means in America as the nation continues celebrating its 250th anniversary in 2026. Voices of 250 is a proud participant in Freedom 250.

As America continues celebrating its 250th birthday, Voices of 250 is bringing together business leaders from every industry and every corner of the country to celebrate the freedoms that make innovation, entrepreneurship, and opportunity possible. This isn’t about red states or blue states, it’s about red, white, and blue.

“We’re going to see business leaders tell their own stories about why they are proud to own, lead, and build businesses in America,” said Jeffrey Hayzlett. “This is the perfect time to share with future generations, customers, partners, employees, and communities how proud we are to support free enterprise and the opportunities it creates.”

A growing number of influential business leaders have already shared public messages about freedom, opportunity, leadership, and the nation’s 250th anniversary, including Kathy Warden, Chair, CEO, and President of Northrop Grumman; Dave Ricks, Chair and CEO of Eli Lilly and Company; Lynn Martin, President of the New York Stock Exchange; and Adena Friedman, Chair and CEO of Nasdaq. Their publicly posted messages helped inspire Voices of 250 and are featured on the website as examples of the growing national conversation. The campaign is now calling on executives from Main Street to Wall Street to join the movement and help celebrate freedom, opportunity, and America’s 250th anniversary.

The campaign calls on CEOs, founders, entrepreneurs, and C-level executives across the country to record and share a brief video message reflecting on three questions:

What freedom means todayHow it shows up in your organizationWhy this moment matters

These videos will become part of a coordinated national movement designed to celebrate the entrepreneurial spirit, innovation, leadership, and opportunity that have helped define America for 250 years. Business leaders can get a Voices of 250 toolkit by going to voicesof250.com.

“For generations, freedom has fueled the builders, dreamers, innovators, and risk-takers who make this country exceptional,” said Jeffrey Hayzlett. “As business leaders, we’ve experienced firsthand the power of freedom to create jobs, launch companies, solve problems, and improve lives. Voices of 250 gives us an opportunity to come together and tell that story in our own words.”

As a proud participant in Freedom 250, the initiative is being powered through a collaboration between C-SUITE NETWORK™, the world’s most trusted network of C-suite leaders; Emovid™, the innovative Verified Human Communication(tm) platform making participation simple, trusted, and scalable; and Didit, the leading digital marketing agency helping amplify the message and extend its reach nationwide.

“America’s 250th anniversary is an opportunity to celebrate the freedom, entrepreneurship, and leadership that have always driven our nation forward,” said Keith Krach, CEO of Freedom 250. “Voices of 250 gives business leaders across the country a powerful way to share what freedom means to them and the communities they serve.”

“Freedom isn’t just a historical concept, it’s something we exercise every day through innovation, entrepreneurship, leadership, and service,” Hayzlett continued. “This initiative isn’t political. It’s personal. It’s about recognizing the opportunities that freedom creates and inspiring future generations to continue building on that legacy.”

Through the initiative, Emovid™ will provide business leaders with a simple and efficient way to record and share their messages, making participation accessible to executives regardless of schedule or location. Didit will help drive awareness, engagement, and amplification of the campaign, ensuring these stories reach audiences across industries and communities throughout America.

“Technology and storytelling are powerful forces when combined,” said Hayzlett. “With Emovid™ simplifying the creation process and Didit helping amplify these voices, we’re making it easier than ever for leaders to participate in a historic national conversation.”

Participating executives will record a personal 60–90 second video that reflects on the meaning of freedom, how it is expressed within their organizations, and why America’s 250th anniversary represents an important moment for reflection and optimism. Participants will need to go to voicesof250.com to record their video, share it through their social channels, to their employees, customers, vendors, and partners. Videos will be released as part of a coordinated national campaign and featured across executive, corporate, C-SUITE NETWORK and other participating media channels.

The initiative is expected to reach millions of employees, customers, stakeholders, and community members through executive networks, social media, digital platforms, national compilation videos, industry-specific showcases, and media events.

“Business is one of the greatest expressions of freedom,” said Hayzlett. “Every company started, every customer served, every innovation launched, and every employee empowered is a reflection of the opportunities made possible by freedom. That’s a story worth celebrating.”

As a proud participant in Freedom 250, C-SUITE NETWORK™ Emovid™, and Didit are inviting business leaders from organizations of every size and every industry to participate and help create a lasting tribute to the American spirit.

“As leaders, our voices matter,” Hayzlett added. “The story of America is still being written, and business leaders are helping write it every day. Voices of 250 is our chance to reflect on where we’ve been, celebrate what we’ve built, and inspire what comes next.”

Proud participant in Freedom 250.
More information on Voices of 250 and how executives can participate is available at www.voicesof250.com.

About Voices of 250
Voices of 250 is an independently owned and operated national initiative bringing together business leaders, entrepreneurs, and executives to share personal reflections on freedom and its role in innovation, leadership, opportunity, and economic growth. Voices of 250 is a proud participant in Freedom 250, the national effort commemorating the 250th anniversary of the United States.

About Freedom 250
Freedom 250 is a national initiative dedicated to celebrating the 250th anniversary of the United States by engaging citizens, communities, organizations, and leaders in honoring America’s history while inspiring its future.

About C-SUITE NETWORK™
C-SUITE NETWORK™ is a trusted network for C-suite executives to get great reach, discovery and conversion using content, community, and the marketplace for scale.

About Emovid™
Emovid™ is dedicated to restoring trust and authenticity in digital communication. Its patented process and visual verification seal ensure that every message sent through its platform is verified human, transparent, and trustworthy. Each message is encrypted, tracked, and validated across all formats–video, audio, text, and translation–allowing people and business to communicate with confidence in the age of artificial intelligence.

About Didit
Didit is a leading digital marketing agency helping organizations grow through innovative digital strategy, search marketing, content, and performance-driven campaigns.

View original content:https://www.prnewswire.com/news-releases/jeffrey-hayzlett-c-suite-network-emovid-and-didit-launch-voices-of-250-initiative-to-mobilize-americas-business-leaders-for-the-nations-250th-anniversary-302831641.html

SOURCE Voices of 250

Continue Reading

Technology

54% of Job Seekers Expect a Difficult Search Amid Pay, Competition and Job Worries

Published

on

By

Rising costs are influencing 89% of job seekers’ decisions to pursue new work.

OKLAHOMA CITY, July 22, 2026 /PRNewswire/ — Finding a job feels difficult for many Americans actively looking for work, according to a new Express Employment Professionals-Harris Poll survey, especially when the right role must match their qualifications, pay needs and long-term goals.

Clear expectations, realistic qualifications and communication help turn a challenging search into the right match.

Forty-one percent of U.S. job seekers say they are actively looking for a new job, with 82% focused on full-time positions. Both figures are unchanged from the fall of 2025.

Still, more than half of job seekers (54%) say it will be difficult to find a job in the next six months.

Pay, Fit and Competition Top the List

The survey breaks down where job seekers are feeling the most pressure:

Finding opportunities that match their qualifications: 46%Finding a job with enough pay to cover basic expenses: 44%Standing out in a competitive job market: 41%Navigating automated hiring processes instead of feeling heard by people: 31%

The experience can also feel uncertain. Nearly a third of job seekers (31%) say companies that claim to be hiring but only collect resumes make it harder to find their next opportunity. Others say their experience does not align cleanly with available roles, with 28% citing overqualification as a barrier and 22% citing underqualification.

Current Job Worries Are Also Driving the Search

Among employed job seekers, concerns about pay, job security and the economy remain top of mind.

Their biggest fears about their current job include:

Not getting the salary increase or raise they deserve: 37%A slowdown in work opportunities because of the economy: 31%Their company reducing the workforce due to the economic climate: 30%Technology or AI negatively impacting their role: 25%

However, uncertainty isn’t the only reason employed job seekers are exploring other options. Many are motivated by quality-of-work factors, with 41% seeking better work-life balance, 40% looking for stronger growth opportunities in their current industry and 37% hoping to find or negotiate better compensation.

Rising costs are also part of the equation, with nearly 9 in 10 job seekers saying increasing prices have had at least some impact on their decision to pursue new employment. For 63%, that impact is moderate or substantial.

“The job search may feel difficult, but that does not mean the market is standing still,” said Bob Funk Jr., CEO, president and chairman of Express Employment International. “Job seekers are being more intentional about what they want, and employers should be just as intentional about what they offer. Clear expectations, realistic qualifications and strong communication can help turn a challenging search into the right match.”

Discover more research and real-world workforce trends from the America Employed series at ExpressPros.com/Newsroom.

Survey Methodology

The Job Seeker Report was conducted online within the United States by The Harris Poll on behalf of Express Employment Professionals from May 19 to June 8, 2026, among 1,000 adults ages 18 and older who are employed but looking for a new job or not employed and looking for work.

For full survey methodologies, please contact Sheena.Hollander@ExpressPros.com, Director of Corporate Communications & PR.

If you would like to arrange for an interview to discuss this topic, please contact Sheena.Hollander@ExpressPros.com, Director of Corporate Communications & PR.

About Robert (Bob) Funk Jr.

Robert (Bob) Funk Jr. is the Chief Executive Officer, President and Chairman of Express Employment International, a global staffing franchisor founded and headquartered in Oklahoma City, Oklahoma. He leads a portfolio of workforce solution brands, including the flagship Express Employment Professionals franchise, along with several affiliated brands serving specialized markets. The Express franchise brand is an industry-leading, international staffing company with franchise locations across the U.S., Canada, South Africa, Australia and New Zealand.

About Express Employment Professionals

At Express Employment Professionals, we’re in the business of people. From job seekers to client companies, Express helps people thrive and businesses grow. Our international network of franchises offers localized staffing solutions to the communities they serve across the U.S., Canada, South Africa, Australia and New Zealand, employing more than 11 million people globally since its inception. For more information, visit ExpressPros.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/54-of-job-seekers-expect-a-difficult-search-amid-pay-competition-and-job-worries-302830889.html

SOURCE Express Services dba Express Employment Professionals

Continue Reading

Trending