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After some digging around gov.uk and looking for the back of an envelope, median income seems to be around £24k, and median rent/mth differs wildly between Lond
by rwnspace 9y ago
After some digging around gov.uk and looking for the back of an envelope, median income seems to be around £24k, and median rent/mth differs wildly between London (£1500) and the rest of England (~£750); can't seem to find a recent source for median income (London) and median income (rest of England).
After tax I shouldn't suppose median income across the UK exceeds £20k. An educated guess would suggest most people spend 40% of income on rent alone. Given the decline in real wages I would imagine living costs in total soak as high as 80% of after-tax income for many. No comment on the content of the article itself since others have critiqued it so nicely - the above is mildly informed speculation.