Income and wealth

UK household income and wealth.

Highlights

This is the first time Office for National Statistics (ONS) has brought together its data on both personal and economic well-being to give a fuller picture on the well-being of UK households.
In the latest quarter, economic indicators such as income and spending continue to increase, however, longer term, there is a slowdown of household conditions, also seen in a levelling off of people’s personal well-being and people’s perception of the future has been worsening.
In Quarter 3 (July to Sept) 2018, there was an increase in real household disposable income per head, up 0.7% compared with a year ago, alongside similar rises in earnings, employment and household spending and improved anxiety ratings.

This release presents analysis on the effects of taxes and benefits on UK household income, extending the analysis presented in Household disposable income and inequality in the UK: financial year ending 2017 to include indirect taxes and benefits-in-kind.
This analysis is based on the Office for National Statistics’s (ONS’s) Living Costs and Food Survey.
In the financial year ending 2017, the average income of the richest fifth of households before taxes and benefits was £88,800 per year, 12 times greater than that of the poorest fifth (£7,400 per year).

Use our interactive calculator to compare the financial situations of 18- to 29-year-olds in the UK.

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: quarterly figures

Full dataset of indicators included or referenced in the quarterly UK economic well-being 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 2017

Analysis of how household incomes in the UK are affected by direct and indirect taxes and benefits received in cash or kind, and the changing levels of income inequality over time.
Household disposable income and inequality in the UK: financial year ending 2017

Initial insight into main estimates of household incomes and inequality in the UK, along with analysis of how these measures have changed over time accounting for inflation and household composition.

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.
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
Persistent poverty in the UK and EU

Rates of persistent relative income poverty for the UK are compared with other EU countries.
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.