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Household income in the UK: Financial year ending, 2015

Discussion in 'Money Matters' started by Micawber, Oct 29, 2015.

  1. Micawber
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    Micawber Renowned Lifetime Member

    The provisional estimate of median household disposable income for 2014/15 is £25,600. This is £1,500 higher than its recent low in 2012/13, after accounting for inflation and household composition, and at a similar level to its pre-downturn value (£25,400).

    Median income for retired households continued to increase following the economic downturn and provisional estimates for 2014/15 suggest it is now £21,100, £1,800 higher in real terms than in 2007/08 (£19,300).

    By contrast, the provisional 2014/15 value of median income for non-retired households is £28,100, which remains around £800 below its pre-downturn level (£28,900).

    Early estimates of income inequality in 2014/15 are broadly unchanged from those for the previous financial year. Since 2007/08, there has been a slight decrease in inequality on a range of measures.

    Released: 28 October 2015

    Office for National Statistics (ONS)

    http://www.ons.gov.uk/ons/rel/house...household-income-in-the-uk/2014-15/index.html
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