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In 2014/5, the median income in the UK was £473 per week (£24,596 a year). Those earning 60% of this figure (£284 a week / £14,758 a year) were considered to be in the low income bracket. In 2014/5, the median income in the UK was £473 per week (£24,596 a year).
In July 2022, data was published from polling by YouGov that suggested that a plurality of British people support a universal basic income. [ 43 ] In November 2023, The Trussell Trust calculated that a single adult in the UK in 2023 needs at least £29,500 a year to have an acceptable standard of living, up from £25,000 in 2022.
Annual income percentiles for taxpayers in the UK, before and after income tax. In the SVG file, hover over a graph to highlight it. The most recent SPI report (2012/13) gave annual median income as £21,000 before tax and £18,700 after tax. [7] The 2013/14 HBAI report gave median household income (2 adults) as £23,556. [9]
Low income 26.6 2022 34.20 2007 Turks and Caicos Islands: Caribbean: High income 37.00 1999 Chad: Middle Africa: Low income 37.4 2022 37.50 2019 Togo: Western Africa: Low income 37.9 2021 Thailand: South-eastern Asia: Upper middle income 34.9 2021 35.12 2021 Tajikistan: Central Asia: Lower middle income 34.0 2015 34.00 2015
In the UK in 2006, "more than five million people – over a fifth (23 percent) of all employees – were paid less than £6.67 an hour". This value is based on a low pay rate of 60 percent of full-time median earnings, equivalent to a little over £12,000 a year for a 35-hour working week.
The Minimum Income Standard (MIS) is a research method developed in the UK, and now applied in other countries, to identify what incomes different types of households require to reach a socially acceptable living standard.
The average American household devotes 8.1% of its income to healthcare, compared to 8.6% for those earning less than $15,000 and 10.9% for those earning between $15,000 and $30,000.
Protesters in London, February 2022. Various campaigns, such as Don't Pay UK, were established to encourage the government to implement further assistance. The campaigner Jack Monroe warned that the crisis could be fatal for some of the children of low-income parents, and asked the government to increase benefits in line with inflation. [43]