Social Media Means
Photo by Mathias Reding Pexels Logo Photo: Mathias Reding

What is a middle earner UK?

The median household income in the UK (after direct taxes have been deducted) was £31,400 in the financial year ending in 2021, according to the latest figure from the Office for National Statistics.

newstatesman.com - Sixty per cent of Brits earning £80000-£100000 say they're “about ...
What is quietly quitting?
What is quietly quitting?

Quiet quitting refers to doing the minimum requirements of one's job and putting in no more time, effort, or enthusiasm than absolutely necessary....

Read More »
Last updated Sep 22, 2022
Are influencers introverts?
Are influencers introverts?

While the term connotes active engagement on a social level, this doesn't mean only extroverts can become influencers. Introverts can be...

Read More »
Last updated Sep 5, 2018

A majority of highly paid British voters believe they are on average incomes, according to exclusive polling for the New Statesman by Redfield & Wilton Strategies*. Over half of Brits earning significantly more than the average household income consider themselves “about average” for UK households.

What is the average household income in the UK?

The median household income in the UK (after direct taxes have been deducted) was £31,400 in the financial year ending in 2021, according to the latest figure from the Office for National Statistics. Yet our survey finds 50.4 per cent of those whose household net incomes are £40,001 and above consider their earnings “about average”. As many as 59 per cent of those with a household income of £80,001-£100,000 say they earn “about average”.

Related

When asked whether they feel “normal”, “fortunate”, or “hard done by” when compared with the average UK citizen, 62 per cent of those with incomes in the range £60,001-£100,000 say “normal”. In fact, half of all those earning £40,001 and above – significantly more than the average household income – say they feel “normal”. Subscribe to The Crash View all newsletters The New Statesman's weekly newsletter that helps you make sense of the economic slowdown. Sign up here Select and enter your email address Morning Call Quick and essential guide to domestic and global politics from the New Statesman's politics team. The Crash A weekly newsletter helping you fit together the pieces of the global economic slowdown. World Review The New Statesman’s global affairs newsletter, every Monday and Friday. Green Times The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. The Culture Edit Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. Weekly Highlights A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. Ideas and Letters A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Events and Offers Sign up to receive information regarding NS events, subscription offers & product updates. Your email address Job title Job title

Arts and Culture

Board Member

Business / Corporate Services

Client / Customer Services

Communications

Construction, Works, Engineering

Education, Curriculum and Teaching

Environment, Conservation and NRM

Facility / Grounds Management and Maintenance

Finance Management

Health - Medical and Nursing Management

HR, Training and Organisational Development

Information and Communications Technology

Information Services, Statistics, Records, Archives

Infrastructure Management - Transport, Utilities

Legal Officers and Practitioners

Librarians and Library Management

Management

Marketing

OH&S, Risk Management

Operations Management

Planning, Policy, Strategy

Printing, Design, Publishing, Web

Property, Assets and Fleet Management

Public Relations and Media

Purchasing and Procurement

Quality Management

Science and Technical Research and Development

Security and Law Enforcement

Service Delivery

Sport and Recreation

Travel, Accommodation, Tourism

Similarly, those on below-average incomes also view themselves as “normal”: 61 per cent of people whose net income is below £20,001 chose “normal” rather than “fortunate” or “hard done by” when comparing themselves with the average citizen.

What will be the highest paying career in 5 years?
What will be the highest paying career in 5 years?

Highest Paying Careers Architectural and Engineering Managers. Marketing Managers. Natural Sciences Managers. Petroleum Engineers. Podiatrists....

Read More »
Last updated Sep 26, 2019
Do you need math for marketing?
Do you need math for marketing?

You'll need to have at least a 4 in Standard Level maths for many courses, with some asking for a minimum score of 5. Some universities will want...

Read More »
Last updated Jun 16, 2022

In general, members of the British public tend to compare their income negatively to what others earn. People are more likely to feel that they have a below-average income (36 per cent overall) than above-average (16 per cent), while 47 per cent feel they earn about average. The polling suggests people are more likely to underestimate than to overestimate their incomes when comparing themselves with the average UK citizen. This finding chimes with previous polling by the New Statesman indicating that a quarter of Britons paid £100,000 or more still consider themselves “working class” (when salary is now considered the main indicator of class by a majority of Brits).

[See also: Why Liz Truss will fail]

Do you earn more or less than your friends?

If British people judge their income harshly compared with the rest of the country, they do so even more when comparing themselves with the family members and friends they see most often. While 39 per cent of respondents think their social circle is, in general, better off than they are, only 11 per cent believe their friends and family to be worse off on the whole (50 per cent say “about the same”). Even those on very high incomes have a tendency to feel less fortunate than close friends and family: 43 per cent of those with a household income of £100,001-£120,000 consider their social circle better off than they are, while virtually no one in that group considers it worse off (57 per cent say “about the same”). However, that doesn’t necessarily mean people are jealous of those around them. A significant majority feel “normal” compared with their close friends and family (63 per cent), rather than “hard done by” (19 per cent) or “fortunate” (18 per cent). We tend to be surrounded by people who are in a similar financial situation, and therefore consider ourselves “the norm” no matter what we earn, according to academics who are experts in this area. In fact, in each of our income brackets (apart from the very top, £120,000 and above), respondents were most likely to class themselves as “normal” in the context of their social circles rather than “hard done by” or “fortunate”. And 58.3 per cent of those on £40,001-£120,000 consider themselves “normal” compared with the average UK citizen. [See also: It’s your salary that determines your class, says the British public] Such an outlook warps our perceptions – particularly those of the rich – as discovered by Dr Katharina Hecht, a visiting fellow at the LSE’s International Inequalities Institute. From interviews with 30 UK-based top income earners (the “1 per cent”), she found that the majority did not see themselves as belonging to the “top” group in society. The New Statesman’s latest findings “chime with my research – and are in line with ‘availability bias’, whereby people draw conclusions about society at large from their social circle”, says Hecht. “Also, in research which asks people to place themselves on a ladder from one to ten, people tend to see themselves towards the middle of society – though those with higher education levels, for instance, do place themselves as higher on the ladder, on average, than people with lower levels of education,” she adds.

What brands are looking for influencers?
What brands are looking for influencers?

Let's take a look at some of the top brands working with micro-influencers: La Croix. Category – Beverages. ... Daniel Wellington. Category –...

Read More »
Last updated May 10, 2019
How much does a 10k follower Instagram account cost?
How much does a 10k follower Instagram account cost?

10,000 followers will cost you $899. 15,000 followers will cost you $1,349. 20,000 followers will cost you $1,800. Apr 9, 2019

Read More »
Last updated Sep 12, 2022

“People like to feel ‘normal’ or ‘ordinary’. We would like to belong. We do not like to see ourselves as part of the ‘fringe’ of society.”

How do different demographics feel about their income?

Women are slightly more likely than men (40 per cent to 33 per cent) to say their household income is below average. When it comes to political views, Liberal Democrat voters are more likely to think they have an above-average household income (24 per cent) than Labour (19 per cent) or Conservative voters (17 per cent). Lib Dem voters are also less likely than supporters of the main two parties to think their general social circle is better off than they are. Younger people are more likely to think their general social circle is better off than they are, whereas older people are likely to view friends and family as having the same level of income. This discrepancy could be to do with generational wealth divides within families – parents and grandparents are more likely to own homes, for instance, so younger people may tend to see them as better off. Our polling shows that those who live in rented accommodation are more likely to think their income is below average (45 per cent) than those who own their own property (30 per cent). Renters are also more likely to say they feel “hard done by” compared with the average UK citizen than homeowners are (26 per cent vs 14 per cent), and also when comparing themselves with their close friends and family (25 per cent of renters vs 14 per cent of homeowners). These results show how hard it is for politicians seeking public buy-in for taxing the wealthy. The Labour leader, Keir Starmer, for example, recently refused to confirm to the New Statesman that he would follow through with his leadership election pledge to raise taxes on the top 5 per cent of earners. However illogical it looks on paper, most British voters – even those far above the average income – consider themselves normal, and are more likely to feel worse off than the average citizen and people around them, than they are to feel better off. An understanding of this reality is vital to those campaigning to create a fairer society. *A weighted sample of 2,000 eligible voters in Great Britain were surveyed on 15 June 2022. [See also: It’s your salary that determines your class, says the British public]

newstatesman.com - Sixty per cent of Brits earning £80000-£100000 say they're “about ...
How much YouTube pay per 1,000 views?
How much YouTube pay per 1,000 views?

On average: 10 cents – $7 per 1000 views But not all video content is created equal, so YouTube uses a method called CPM or cost per 1,000 views to...

Read More »
Last updated Nov 16, 2021
Can you train for an ultra in 12 weeks?
Can you train for an ultra in 12 weeks?

Getting fit for Ultra Marathon will take longer than 8 or 12 weeks, especially if you're relatively new to long-distance running. The free training...

Read More »
Last updated Mar 1, 2021
How do you build wealth from nothing?
How do you build wealth from nothing?

10 Steps How To Build Wealth From Nothing Starting Today Educate yourself about money. Get a regular income source. Create a budget. Have enough...

Read More »
Last updated Jun 2, 2018
Can I make 6 figures without a college degree?
Can I make 6 figures without a college degree?

Making six figures ($100,000+) is no easy task, with or without a degree. But if you set your mind to it, it's certainly possible, even with just a...

Read More »
Last updated Sep 9, 2020