AK
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Registered: 5th Jul 00
Location: Aberdeen City
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just been having a general look at financial statistics n shot like.
What do you think the national average for household income was in 05/06??
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bubble
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Registered: 24th Jan 04
Location: Darwin, NT Australia.
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quote:
Originally posted by AK
just been having a general look at financial statistics n shot like.
What do you think the national average for household income was in 05/06??
35-40k?
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
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was more like 25k which i find hard to believe
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Shane
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Registered: 10th Jan 04
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depends who lives in the house 
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
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Average household income rises as North-South pay gap widens
Jan 22 2007
Liverpool Daily Post
THE typical household income has risen by £4,000 in the last five years but the North-South pay divide continues to widen, figures indicated today.
BACS's latest Consumer Payments Survey found that in 2006 the average income of a British household stood at £24,350.
But broken down, the statistics revealed large variations from region to region.
People living in the South East are likely to be on the largest income, with an average of £28,620 per household.
This compares with atypical total income of £19,130 for households in the North East.
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
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In 2005/06, original income (before taxes and benefits) of the top fifth of households in the UK was sixteen times greater than that for the bottom fifth (£68,700 per household per year compared with £4,200). After redistribution through taxes and benefits, the ratio between the top and bottom fifths is reduced to four-to-one (average final income of £49,300 compared with £13,500). These ratios are unchanged from last year.
Some types of household gain more than others from this redistribution. Retired households pay less in tax than they receive in benefits and so gain overall. Among non-retired households, single adult households with children also gain. Most other non-retired households pay more in tax than they receive in benefits. However, households with children do relatively better than households without children due to the cash benefits and benefits in kind (including health and education services) which are received by these households.
Cash benefits such as Income Support, Pension Credit, Child Benefit, Incapacity Benefit, and the State Retirement Pension play the largest part in reducing income inequality. They go predominantly to households with lower incomes. Cash benefits make up 61 per cent of gross income for the poorest fifth of households, 39 per cent for the next group, falling to 2 per cent for the top fifth of households.
With the exception of Council tax and Northern Ireland rates, direct taxation is progressive; that is it takes a larger proportion of income from those households that have higher gross incomes. In 2005/06, the top fifth of households paid 25 per cent of their gross income in direct tax while the bottom fifth paid 9 per cent.
Indirect taxes are regressive, taking a higher proportion of income from those with lower incomes. For the top fifth of households, indirect taxes account for only 11 per cent of gross income, compared to 27 per cent for the bottom fifth. Since direct and indirect taxes have opposite effects on the level of inequality, the tax system as a whole has a much smaller effect on inequality than cash benefits.
Final incomes include an adjustment for the receipt of benefits in kind from the state, such as health and education services. Households with lower incomes tend to receive more benefits in kind from the state (£6,700 for the bottom fifth compared to £3,900 for the top fifth). Retired households and households with children, which are more likely to be in lower income groups, are the biggest users of state health and education services.
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
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With benefits my household income is probably about average then
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micra_pete
Premium Member
Registered: 23rd Apr 03
Location: West Yorkshire
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is that average per person? surely?
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
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Household, so mine is me and my wife
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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Household will include people living alone, couples, pensioners etc so it's about right. Alot of us younger people will earn the household avergae on our own, we are only a small demographic group don't forget.
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
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It makes more sense to pop out a kid and live for free imo. Sometimes I wonder why i'm at work slogging my guts out, yet there's people who I know who had a free house, don't pay council tax, get their kids paid for, get childcare paid for, and because they only work like 2 shifts a week, the government pays them extra on top.
Why fuckin bother, seriously.
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micra_pete
Premium Member
Registered: 23rd Apr 03
Location: West Yorkshire
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quote:
Originally posted by loafofbrett
Why fuckin bother, seriously.
because your not a srounging layabout brett? 
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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quote:
Originally posted by micra_pete
because your not a srounging layabout brett?
I'm considering it.
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
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yeah... i suppose it does make sense once you add in all the kids, teenagers and pensioners.....
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Adam-D
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Registered: 11th May 02
Location: Cheshire
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14k before tax. and i dont have a house yet.
looking to buy next year
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whitter45
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Registered: 15th Nov 02
Location: Norton
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quote:
Originally posted by Conway563
With benefits my household income is probably about average then
Sums up this country
People expect hand outs etc - its all wrong. Benefits are the devil especially those who get benefits because they say they cannot work
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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What about people who can't work though 
I have scope ot earn decent money in the next 12 months, either that or try something new.
[Edited on 05-11-2007 by Tom]
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AK
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Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline
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quote:
Originally posted by Adam-D
14k before tax. and i dont have a house yet.
looking to buy next year
how the hell to you buy a house on 14k? (mortgage, not actually how do you buy it :lol
I've no idea what they lend nowadays  4 times salary?
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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quote:
Originally posted by whitter45
quote:
Originally posted by Conway563
With benefits my household income is probably about average then
Sums up this country
People expect hand outs etc - its all wrong. Benefits are the devil especially those who get benefits because they say they cannot work
I dont ask for any hand outs. Me and my wife both work but we get child benefit on top of that. I could have stayed on JSA but I wanted to be providing for myself and my family so I took a massive step down in pay from what I was on before
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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quote:
Originally posted by AK
quote:
Originally posted by Adam-D
14k before tax. and i dont have a house yet.
looking to buy next year
how the hell to you buy a house on 14k? (mortgage, not actually how do you buy it :lol
I've no idea what they lend nowadays 4 times salary?
Some lend more, depends on deposit also I think. Very dangerous considering the current financial climate imo.
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Jamie
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Registered: 1st Apr 02
Location: Aberdeen
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I'm sure a bloke at work got a mortgage based on 7 times his wage
Maddness.
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p4uls corsa
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Registered: 2nd May 05
Location: BRADFORD
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quote:
Originally posted by Conway563
quote:
Originally posted by whitter45
quote:
Originally posted by Conway563
With benefits my household income is probably about average then
Sums up this country
People expect hand outs etc - its all wrong. Benefits are the devil especially those who get benefits because they say they cannot work
I dont ask for any hand outs. Me and my wife both work but we get child benefit on top of that. I could have stayed on JSA but I wanted to be providing for myself and my family so I took a massive step down in pay from what I was on before
me and my partner was on jsa for a while we have 4 kids and was around 150-200 a month better off than we are now as councill tax ect is all paid for you
i can see why people stay on benefits its so easy and lot less stress than going to work and stuggling to find money for ur mortgage/rent and council tax ect but i still would rather work and have my own house and know that im paying for it all even tho im worse off so i no what your saying conway563
[Edited on 05-11-2007 by p4uls corsa]
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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^^ This is what i'm talkin about. I'd rather have the stress free life tbh and have everything paid for.
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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It's a bit embarassing though and unfulfilling, and lazy, and did I say boring?
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p4uls corsa
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Registered: 2nd May 05
Location: BRADFORD
User status: Offline
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quote:
Originally posted by loafofbrett
^^ This is what i'm talkin about. I'd rather have the stress free life tbh and have everything paid for.
its not so good if ur single u only get about 50 plus rent and councill tax a week
a family will get for both adults so around 100-110 a week aswell as around 35-40 per child and bills as above
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