📌 Episode SummaryIn this eye-opening episode of The Cashflow Show, host Clayton M Coke speaks with Xian Chan, Head of Premier Wealth and Solutions at HSBC UK. Together, they unpack HSBC’s latest research revealing why £213,000 is now perceived as the minimum income required to feel wealthy in the UK. This insightful conversation explores the perception gap, cost-of-living pressures, generational views on wealth, and actionable advice for individuals and businesses seeking to achieve true financial well-being.💬 Key Discussion Points<ul><li>Why £213,000 is now seen as the benchmark for wealth in the UK</li><li>The growing disconnect between income and perceived wealth</li><li>The role of lifestyle inflation in shaping financial stress</li><li>Generational and cultural differences in talking about money</li><li>HSBC’s “Premier Proposition” and the evolving definition of value</li><li>The importance of financial literacy, planning, and transparency </li></ul>✅ Key Takeaways<ul><li>9 out of 10 people earning over £100,000 don’t consider themselves wealthy</li><li>Rising living costs, lifestyle spending, and social comparison affect perception</li><li>Gen Z and Millennials are redefining wealth with freedom and wellbeing</li><li>Financial health now includes wellness, travel perks, and flexibility</li><li>Transparent money conversations are key to taking control of your finances</li></ul>🧠 Notable Quotes“Wealth is not just what you earn, it’s how much you spend.” – Xian Chan  “60% of people feel uncomfortable talking about money.” – HSBC UK Research  “Even high earners juggle short-term needs and long-term goals.” – Xian Chan📈 Actionable Insights for Businesses<ul><li>Embrace lifestyle value propositions in financial services</li><li>Align offerings with shifting definitions of wealth, especially among younger demographics</li><li>Prioritize financial wellness and emotional value as part of client services</li><li>Use data-backed insights to craft better customer segmentation and support </li></ul>🔗 Resources<ul><li>🔍 Visit: <a href="https://www.hsbc.co.uk/wealth/">HSBC UK Wealth</a></li><li> 📊 [<a href="https://www.about.hsbc.co.uk/news-and-media/how-much-do-you-need-to-earn-to-be-wealthy-213k-pound-according-to-new-insight-from-hsbc-uk">HSBC UK Wealth Perception Report</a> (Search on HSBC UK)] </li></ul> The Cashflow Show can be reached here: Website: <a href="http://www.thecashflowshowpodcast.com">www.thecashflowshowpodcast.com</a> <a href="https://mail.google.com/mail/u/0/#inbox/WhctKKZGTxBSHmxFBFZTZplRtGfhwDzlrpHtwxzKbdKqqnKTbWRxRrFGSpJThZKHDpCQhFQ?compose=fwmvGMBmCbZDMngDDpPjGDzpkZlZjphFLWBPkspbnNdlnfFJnLrXhCGDSnFXGmXKfjRjGRwSVSbsxrbBLrtppXDBCTShmGpzWcxCttjDdWGGvxtdNMFVmailto:thecashflow">Email: thecashflowshowpodcast@gmail.com</a>Twitter: <a href="https://twitter.com/thecashflowshow">https://twitter.com/thecashflowshow</a> Instagram: <a href="https://instagram.com/thecashflowshowpodcast">https://instagram.com/thecashflowshowpodcast </a> Support us via our sponsored &amp; affiliate linksOur Buy Me A Coffee Link | <a href="https://www.buymeacoffee.com/thecashflowshow">buymeacoffee.com/thecashflowshow</a>Our Patreon Link | <a href="https://www.patreon.com/TheCashflowShowPodcast">https://www.patreon.com/TheCashflowShowPodcast</a>Our Ko-fi Link | <a href="http://url1075.ko-fi.com/ls/click">ko-fi.com/thecashflowshowpodcast</a> V1CE Sustainable Business Cards | <a href="https://v1ce.co/?ref=b13m2858so">https://v1ce.co/?ref=b13m2858so </a> To sponsor or advertise on The Cashflow Show Podcast, contact us at <a href="https://dashboard.transistor.fm/shows/the-cashflow-show/episodes/newmailto:thecashflowshowpodcast@gmail.com">thecashflowshowpodcast@gmail.com</a>Clayton M Coke can be found here: LinkedIn: <a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwiNlc7Y0v3jAhVTT8AKHfLpBtAQFjAAegQIBhAB&amp;url=https://uk.linkedin.com/in/claytoncoke&amp;usg=AOvVaw2SpfsRoINDPTGYq3qjGngQ">https://uk.linkedin.com/in/claytoncoke</a>Website: <a href="https://www.prmsltd.co.uk">https://www.prmsltd.co.uk</a>Email: <a href="https://mail.google.com/mail/u/0/#inbox/WhctKKZGTxBSHmxFBFZTZplRtGfhwDzlrpHtwxzKbdKqqnKTbWRxRrFGSpJThZKHDpCQhFQ?compose=fwmvGMBmCbZDMngDDpPjGDzpkZlZjphFLWBPkspbnNdlnfFJnLrXhCGDSnFXGmXKfjRjGRwSVSbsxrbBLrtppXDBCTShmGpzWcxCttjDdWGGvxtdNMFVmailto:info@prmslt">info@prmsltd.co.uk</a> Twitter: <a href="https://twitter.com/prmsltd">https://twitter.com/prmsltd</a> Instagram: <a href="https://www.instagram.com/prmsltd/">https://www.instagram.com/prmsltd/</a> Our theme music is called "The Mediator - aka Theme from The Cashflow Show" [PRS] and "Better Call Clayton" [PRS]  As an Amazon Associate I earn from qualifying purchases. “What are YOU like?” &amp; “60 Second Shoot-out” are both intellectual properties of Dialogue [London] Ltd(c) Clayton M Coke/PRMS Ltd/Dialogue [London] Ltd | All Rights Reserved 

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Are You Really Wealthy? Exploring Income, Perception & Modern Wealth | Xian Chan - HSBC