In 2024, men in the United Kingdom had a higher average hourly full-time salary than women across most age groups, except for 16 to 17 when women had slightly higher earnings, and among those aged between 18 and 21, earnings were almost the same.

In 2020 part-time workers in the United Kingdom aged between 16 and 17 had an average weekly salary of just over 61 British pounds a week, compared with part-time workers in their 40s who earned around 232 pounds a week.

The median hourly earnings for full-time employees in the United Kingdom was 18.72 British pounds in 2024, compared with 17.48 pounds in the previous year. At the start of this provided time period, in 1997, the average hourly wage in the UK was 7.92 pounds per hour, rising to more than ten pounds per hour by 2003, and above 15 pounds per hour by 2020. Minimum and living wage in the UK In the United Kingdom, employers are expected to pay their employees a minimum wage that is determined by how old they are. Under 18s for example, had a minimum wage of 5.28 British pounds in 2023, with the figure increasing to 7.49 pounds those aged 18 to 20, 10.18 for 21 to 22 year old's, and 10.42 for those aged 23 and over. There is also a voluntarily paid living Wage that employers can choose to pay their workers. For the 2023/24 financial year this was twelve pounds an hour, rising to 13.15 pounds an hour for workers based in London. Icelandic the highest earners in Europe Iceland had the highest average annual wage in the Europe in 2022 at around 79,500 U.S dollars. This was followed by Luxembourg at 78,300 dollars, Switzerland at 72,990 and Belgium at 64,850 dollars. The United Kingdom’s average annual wage amounted to around 53,985 U.S dollars in the same year. In this year, the country with the lowest annual salary in Europe was Greece, at 25,980 pounds per year.

On average, the income of seventeen year olds in the United Kingdom was higher than that children in any other age group. Between March 2024 and February 2025, children aged six had a weekly income of 4.99 British pounds, while those aged 17 had an income of 23.97 per week. Those figures include the weekly regular pocket money provided to children by parents, as well as income from chores and jobs, and other sources of money.

Children and money worldwide The average amount of pocket money of Japanese children did not exactly follow the correlation observed in this statistic about the United Kingdom. In Japan, kids had more money before they reach the age to enroll in elementary school than during their elementary school studies. There are several ways through which children can save money themselves or with the help of their parents. The most common financial instruments for children between eight and 14 years old in the United States were savings accounts and piggy banks. Child poverty Child poverty is a problem affecting a significant share of the population even in developed economies. For example, 14.4 percent of all children in Germany were at risk of poverty in 2024. Meanwhile, Romania, Montenegro, and Bulgaria were, in 2022, some of the countries with the most children at risk of poverty or social exclusion in Central and Eastern Europe. The probability of children finding themselves in these situations can vary within a country depending on their socioeconomic and ethnic background, the region where they live, or whether they are being raised by a single parent or not.

Data on the gross median hourly pay for employees in the United Kingdom (UK) for 2020, by age group, shows that the age group which earned the highest hourly pay were those between the ages of 40 and 49 years, at 15.86 British pounds per hour. The age group that earned the lowest hourly pay, excluding 16 and 17 year olds, were those between the ages of 18 and 21 years, at 9 British pounds per hour.

In 2023, the highest average amount of disposable income for any age group occurred in the 35 to 44-year-old group, while the age group with the lowest average disposable income were those aged 85 and over.

The weekly average income of seventeen-year-olds was four times higher than that of 8-year-olds in the United Kingdom (UK) between March 2023 and February 2024. There was a clear correlation between their age and the value of their income, with children aged six having an income of 5,68 British pounds per week. That income was composed of the value of pocket money per week, the money obtained from doing chores, and other sources of income for children.

This statistic shows the median overtime pay for part-time employees in the United Kingdom (UK) for 2019, by age group. The age group which earned the highest overtime pay were those between the ages of 22 to 29 years, at 33 British pounds. The age group which earned the lowest overtime pay, excluding 16 and 17 year olds, were those over the age of 60 years, at 25.3 British pounds.