what is the poverty line in the uk 2016
Poverty in the United Kingdom The most common measure for poverty, as used in the Child Poverty Act 2010, is ‘household income below 60 percent of median income’. The median is such an income that exactly a half of households earn more than that and the other half earns less.[79]
Income in the United Kingdom According to the OECD the average household net-adjusted disposable income per capita is $27,029 a year (in USD, ranked 14/36 OECD countries), the average household net financial wealth per capita is estimated at $60,778 (in USD, ranked 8/36), and the average net-adjusted disposable income of the top 20% of the population is an estimated $57,010 a year, whereas the bottom 20% live on an estimated $10,195 a year giving a ratio of 5.6 (in USD, ranked 25/36).[9]