Income and wealth

UK household income and wealth.

Spotlight

Total household debt in Great Britain was £1.28 trillion in April 2016 to March 2018, of which £119 billion (9%) was financial debt and £1.16 trillion (91%) was property debt (mortgages and equity release).
Total household financial debt rose by £12 billion (11%) in the latest period, up from £107 billion in April 2014 to March 2016, with most of the change accounted for by increased hire purchase debt (up by £6 billion) and student loans from the Student Loans Company (up by £7 billion).
Increases in total household property debt and total household financial debt in the latest period were driven by a combination of both an increase in the number of households with debt and increasing levels of debt.

Total private pension wealth in Great Britain was £6.1 trillion in April 2016 to March 2018 (42% of total wealth), up from £3.6 trillion (34% of total wealth) in July 2006 to June 2008, after adjusting for inflation.
In April 2016 to March 2018, nearly half (48%) of all private pension wealth was held in pensions in payment, 37% in active pensions and 15% in preserved pensions; these proportions have been stable over time.
The percentage of adults below the State Pension age actively contributing to a private pension has increased since July 2010 to June 2012, from 43% to 53%; this rise reflects increased participation in defined contribution schemes, likely to be a result of the introduction of automatic enrolment between 2012 and 2018.

Effects of taxes and benefits on household income

Average annual incomes, taxes and benefits, and household characteristics of retired and non-retired households in the UK. Data for financial years, by quintile and decile groups, country and region and tenure type.
Nowcasting household income in the UK

Provisional estimates of income and inequality measures for financial year ending 2018, alongside historical data.
Economic well-being estimates

Full dataset of economic well-being indicators included or referenced in the quarterly release.
Equivalised disposable household income

Average equivalised disposable income for all households
Households receiving more in benefits than paid in taxes

The percentage of households in the UK who receive more in benefits (both cash benefits and benefits in kind) than they pay in taxes (both direct and indirect), from 1977 to 2012/13.

Economic well-being, UK: April to June 2018

Presents a rounded and comprehensive basis for assessing changes in economic well-being through indicators that adjust or supplement more traditional measures such as gross domestic product (GDP).
Effects of taxes and benefits on UK household income: financial year ending 2018

The redistribution effects on individuals and households of direct and indirect taxation and benefits received in cash or kind analysed by household type, and the changing levels of income inequality over time.
Average household income, UK: financial year ending 2019

Estimates of median and mean disposable income for people in the UK for the financial year ending 2019.
Personal and economic well-being in the UK: February 2020

Estimates looking across personal and economic well-being in the UK for Quarter 3 (July to Sept) 2019.
Effects of taxes and benefits on UK household income: financial year ending 2018

The redistribution effects on individuals and households of direct and indirect taxation and benefits received in cash or kind analysed by household type, and the changing levels of income inequality over time.

Generational income: The effects of taxes and benefits

The effects of direct and indirect taxation and benefits received in cash or kind on household income, across the generations and by age.
Persistent poverty in the UK and EU

Comparisons of persistent poverty between UK and other EU countries.
Financial capability in Great Britain

This article describes the results of analysis of the financial capability measures contained in the 2010 to 2012 Wealth and Assets Survey, many of which were asked for the first time in this wave. It has been written by Andrea Finney and David Hayes of the University of Bristol’s Personal Finance Research Centre to follow the style of an Office for National Statistics statistical bulletin
Early indicator estimates from the Wealth and Assets Survey

Preliminary estimates for Great Britain from the Wealth and Assets Survey using attitudinal data not dependent on thorough checking and imputation methodology.
Family spending in the UK

Average weekly household expenditure on goods and services in the UK, by region, age, income, economic status, socio-economic class and household composition.
General Lifestyle Survey

Includes chapters on health, smoking, drinking, households, families and access to vehicles.