Quote:
Originally Posted by squat_this If you want to know the average earnings of the UK then look it up, I believe it's only about 15k. |
Depends on how you work it out.
Mean average is GDP per capita...probably...which would be 20k-ish.
Modal average is probably lower. 1% will earn 100k plus, 7% will earn nothing (i.e. on dole, housewife etc.), vast majority are probably 15-25.
Lots of age variences too - your statistical income peak is around your early to mid 40's, where quite a few people earn 35k-40k. In your 20's, most earn fek all. After 50, your liklihood of promotion is diminished, so earnings tend to stay the same from 45 on.
Also worth thinking about the self employed. If you own a business...you may pay yourself sod all in salary, but have your company pay all your expenses (petrol, meals, other stuff), thus you're income is not really your income, it's your income plus expenses plus dividend payments ("unearned income"), plus whatever else.
That's actually something to consider in general. I know a few people who have no "job", but earn loads through capital gains on investments they hold. Annually, they might state a small income (for them), and massive capital gains on asset sales - which is what they use to live off.
Incomes not so easy to find. For 80% of the population, I'd guess the average is around 20k.