Just heard interesting fact...

Jace said:
93% of Americans earn less tham.$150,000 annually.
Click to expand...
I would imagine that's the same in the UK.... in fact ..I just looked it up...



Approximately 98% of Brits earn less than £150,000 per year. While the exact figure varies by data source and year, information from the Institute for Fiscal Studies and other publications suggests that earning around £160,000 to £200,000 annually is required to enter the top 1% of UK earners, indicating that well over 99% of the population earns less than £150,000.



Here's a breakdown of the data:
  • Top 1% Threshold:
    To be in the top 1% of income tax payers, a personal taxable income of at least £160,000 was needed. To be in the top 1% of all UK adults, a lower threshold of around £120,000 was the benchmark.
  • Top 1% Threshold (2022-23 Tax Year):
    For the 2022-23 tax year, a salary of at least £201,000 was needed to be in the top 1% of all taxpayers.

  • Conclusion:
    Given that the threshold for the very highest earners is in the £160,000 to £200,000+ range, it's clear that the vast majority of the UK population earns less than £150,000 annually.
 
With AI and robotics replacing a fair number of the workforce, it's hard to know what incomes will look like 5 or 10 years down the road. Theoretically, the cost of goods should drop considerably because robots are cheaper than human labor, but that remains to be seen.

In capitalist countries there is always an uneven distribution of wealth, but it's still better than the other types, IMO. Very few are trying to escape America to get to Cuba. It's most always the other way around.
 
Not trying to hijack this thread but I was more interested in what a retirees average income looks like. I think it's reasonable to compare earning years against years in retirement income.

The average individual retiree income in the US varies, but recent data shows a median annual income for those 65 and older is around $47,620 to $54,710, while the mean is significantly higher at approximately $75,254 due to a smaller number of wealthy retirees, according to the Annuity.org and U.S. Census Bureau, respectively. Household income is higher, with a median of about $73,100, but income tends to decrease with age, dropping notably for those 75 and older.
Key Details
Median vs. Mean: The median is a better representation of typical income because it's the middle value in a dataset, unaffected by extremely high or low incomes. The average (mean) can be skewed higher by wealthy retirees.
Age-Related Decline: As retirees age, their income generally declines. For example, the median income for people aged 65-74 was $55,747, but it fell to $38,239 for those 75 and over.

Google Search

Thanks to my wife for her determination, were not in that retiree category.
 
IKE said:
If that's 150K U.S.D. I'm definitely one retired American that falls considerably short of that amount annually...if I'm doing my math right that would be an income of $12,500.00 U.S.D. per month.

Now I feel like a pauper....

View attachment 449147
Click to expand...
I get around 16% of that a month working.
 

You must log in or register to reply here.

Back
Top