Professor – no, really, Professor – Richard Murphy decides to go investigating.
I was playing with some data this morning as a result of some work I am doing on wealth taxes. I looked at data on mean and median wages as a result. This is the latest data from the ONS, to March 2022, all stated in 2022 prices.
To do so he presents us with mean and median household income.
Lord Help Us All.
For those who don’t get this, households have varying numbers of wage earners in them. Household incomes include non-wage income – from capital of course, but also benefits.