What is the distribution of income in the UK?
What is the distribution of income in the UK?
Compared to other developed countries the UK has a very unequal distribution of income, with a Gini coefficient of 0.35. According to 2013 data from 19 OECD member states in the Luxembourg Income Study data set, the UK is the fifth most unequal, and fourth most unequal in Europe.
What income is considered middle class in the UK?
Statista says the average income in the UK is £31,461. The term does not mean the same thing as middle class. According to the Organisation for Economic Co-operation and Development, middle class is someone who earns 75 per cent to 200 per cent of the median national income.
What defines upper middle class UK?
The upper middle class in Britain traditionally consists of the educated professionals who were born into higher-income backgrounds, such as legal professionals, executives, and surgeons. This stratum, in England, traditionally uses Received Pronunciation natively.
What is the average household income in the UK?
UK median household disposable income by income group for 2008-2016, indexed to 2008. Median household disposable income in the UK was £29,400 in the financial year ending (FYE) 2019, up 1.4% (£400) compared with growth over recent years; median income grew by an average of 0.7% per year between FYE 2017 and FYE 2019,
What is the average income of the UK’s richest fifth?
In the financial year ending 2017, the average income of the richest fifth of households before taxes and benefits was £88,800 per year, 12 times greater than that of the poorest fifth (£7,400 per year).
Where are the top 10% of income earners in the UK?
Before housing costs, 1% or less of local areas in the South West, Wales, the West Midlands, Yorkshire and the North West were among the overall top 10% of incomes, with none from the North East. These regions were slightly more represented in the overall top 10% after housing costs, which contains:
What is the households below average income dataset?
The Households Below Average Income (HBAI) dataset is based on the Family Resources Survey (FRS) from the Department for Work and Pensions (DWP). It includes information on equalised household disposable income and can be used to represent the distribution of household income and income inequality (Gini coefficient).
