Richard Dickens
speaker
23 appearances
1 recordings
1 series
first heard Dec 2010
last heard Dec 2010
Richard Dickens’s voice in public audio — every appearance, attributed to the second.
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If you compare him to the whole population of people in work, that puts him well into the top 10% of earners, kind of around about 93% of people earn below that £50,000 level.
If you compare him against...
similar men to him who work full time, he starts to look slightly worse off.
And he's around about the 80th percentile.
And what that means is about 80% of people earn less than him and 20% of people earn more than him.
What the ASH data measures is your earnings from employment.
It's only picking out one component of household incomes, which is earnings.
And for many people, that's going to be the primary component.
But for lots of households, that isn't true.
Their earnings may be primarily made up of pensions,
or of self-employment income or government benefits, investments and so on.
And so an alternative way to do this is to look at survey data that collects information on all of those components of incomes at the household level and then see how he's doing compared to the population as a whole or to his kind of reference group of men in their 40s.
There's two things you have to do.
First of all, you have to think about what his total income is.
And he's told us that his wife doesn't work and he has two children.
The second thing is to think about his disposable income.
What the Family Resources Survey can do is think about how much income is left over for David and his family after we've taken off direct taxes...
And it's common to take off council tax as well when we do this sort of analysis.
So on his 50,000, he would approximately be on about 35,000, 36,000 take home a year.
And that, comparing him to the whole population, puts him on around about the 60th percentile of the distribution.
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