Just heard interesting fact...
- Thread starter Jace
- Start date
hollydolly
SF VIP
- Location
- London England
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.
IKE
Well-known Member
- Location
- Oklahoma....U.S.A.
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....
MACKTEXAS
Well-known Member
And the median earnings of the nation's full time workers is only $1196.00 weekly, which comes to only $62,192.00 annually.
Bureau of Labor Statistics