what is the average yearly income for an american
Household income in the United States Another common measurement of personal income is the mean household income. Unlike the median household income, which divides all households in two halves, the mean income is the average income earned by American households. In the case of mean income, the income of all households is divided by the number of all households.[22] The mean income is usually more affected by the relatively unequal distribution of income which tilts towards the top.[23] As a result, the mean tends to be higher than the median income, with the top earning households boosting it. Overall, the mean household income in the United States, according to the US Census Bureau 2014 Annual Social and Economic Supplement, was $72,641.[24]
Income in the United Kingdom In terms of global poverty criteria, the United Kingdom is a wealthy country, with virtually no people living on less than £4 a day. In 2012–13, median personal income was approximately £21,000 a year but varies considerably by age, location, data source and occupation.[2] There is both significant income redistribution and income inequality; for instance, in 2013/14 income in the top and bottom fifth of households was £80,800 and £5,500, respectively, before taxes and benefits (15:1). After tax and benefits, household income disparities are significantly reduced to £60,000 and £15,500 (4:1).[3]