Pay!

[andrewducker]

Looking for median pay information (average pay is interesting, but not nearly as interesting as knowing what percentage of people earn above/below a certain level), I ended up at the government's statistics site at the advice of cangetmad.

This lead me to the Annual Survey of Hours and Working. Table 1.7a is particularly interesting, because it tells you that overall I'm in the 75th percentile of UK earners, the 65th amongst men, the 68th amongst full-timers and the 62nd amongst full-time men.

I'd be interested to see further breakdowns by age (i.e. for a person aged 35, how am I doing?) and if I have the time I'd like to throw some graphs together with that data.

Comments

[cheekbones3.livejournal.com]

I'm impressed you found anything on that site...

[spaj.livejournal.com]

I'm pretty high on most of those scales. 90th percentile for salary, but 80th percentile for men. (although I make 90th if I count benefits... it's not clear on the measure).

This led me to think about how you really measure wealth. Gross wage is okay, but if I get 20% extra in bonus, say on 40k, and you get 10% on 43,636k, then we both bring home exactly the same amount of cash.

This in turn reminded me of a much more important factor in this equation, which is that younger people are frankly getting screwed in the ass in the housing market. The advantage of having been on the property ladder 10 years ago is phenomenal. If I had played my cards right in moving from Belfast to Scotland 10 years ago, I'd be saving £700 per month on my mortgage.

That's 8,400 per annum, pre tax. Post tax, to me, that's £14,237.

I find it totally inequitable that the property market has left the older people in the UK practically rich for doing sod all, while I'm earning a frankly ridiculous salary for a 29 year old, and although I have a nice lifestyle... well, I should be filthy stinking rich, god damn it!!!!

FUCK YOU INFLATION!!!! FUCK YOU RIGHT IN THE EAR!!!!

Aaaaaand relax...

[meaningrequired.livejournal.com]

Did we meet at New Years...?

[spaj.livejournal.com]

Yes. Q-Con guy.

[meaningrequired.livejournal.com]

Hello!!! *waves*

[channelpenguin.livejournal.com]

where, exactly, are these 'rich' old dudes going to move to to actually capitalise on their gains? Some other country I suppose...

but yeah, they've coughed out less to get there than we have/will have.

*shrugs* but personally, despite that, I can't really be complaining AT ALL.

[pennski.livejournal.com]

Ooh fascinating. I'm in the 80th (ish) of full-time women. Yes, I think the age breakdowns would throw another set of patterns into the works.

[channelpenguin.livejournal.com]

figures only seem to go up to ... well, not enough - about 56K gross - where's the higher pay ranges????

[andrewducker]

Above the 90th percentile. They haven't released figures broken down to individual percentiles, so you can't see whether you're in the 93rd or 96th :->

[channelpenguin.livejournal.com]

well that's a bit of surprise to me then, just how 'low' that 90th is.

London has a great many people grossing more than twice that - but hey, that's only x % of about a sixth of the country's populace...

and maybe many of the high earners get income in ways not picked up by the survey. e.g. my actual salary is less than 1/4 of my gross annual income.

[tisme.livejournal.com]

It's a great website, isn't it? I first found it whilst doing my OU finance course, and it quickly became addictive. You can sign up for their notifications...