In the 2022/23 financial year, various measures of inequality in the United Kingdom decreased when compared with 2021/22. The S80/20 ratio fell from *** to ***, the P90/10 ratio from *** to ***, and the Palma ratio between *** and ***.

Historical dataset showing U.K. income inequality - gini coefficient by year from N/A to N/A.

In 2023, the United Kingdom's Gini coefficient score was 33.1, a slight decrease when compared with the previous year. The Gini coefficient is a measurement of inequality within economies, a lower score indicates more equality while a higher score implies more inequality.

The overall wealth of households in the United Kingdom was **** trillion British pounds in the period between 2020 and 2022. Of this overall wealth, the top ten percent of households had over *** trillion pounds of wealth, compared with **** billion owned by the lowest wealth decile.

75% of households from the Bangladeshi ethnic group were in the 2 lowest income quintiles (after housing costs were deducted) between April 2021 and March 2024.

In 2022/23, the top quintile of earners in the United Kingdom had an average household disposable income of approximately ****** British pounds, compared with ****** for the bottom quintile.

Average UK household incomes taxes and benefits by household type, tenure status, household characteristics and long-term trends in income inequality.

At the turn of the twentieth century, the wealthiest one percent of people in the United Kingdom controlled 71 percent of net personal wealth, while the top ten percent controlled 93 percent. The share of wealth controlled by the rich in the United Kingdom fell throughout the twentieth century, and by 1990 the richest one percent controlled 16 percent of wealth, and the richest ten percent just over half of it.

Proportions and numbers of children, working age adults and pensioners in Scotland in absolute and relative poverty. Also contains figures on the distribution of household income.

Source agency: Scottish Government

Designation: National Statistics

Language: English

Alternative title: Poverty and Income Inequality in Scotland

Dataset of long-run data on wealth inequality drawn from existing sources and compiled into a single country-year dataset.

Examines how taxes and benefits redistribute income between various groups of households in the UK. The study shows where different types of households and individuals are in the income distribution and looks at the changing levels of income inequality over time.

Source agency: Office for National Statistics

Designation: National Statistics

Language: English

Alternative title: household income

In the 3 years to March 2021, black households were most likely out of all ethnic groups to have a weekly income of under £600.

Three datasets, all carried out by YouGov and the WEALTHPOL team, are included. The first was conducted in Summer 2021, the second in Summer 2022, and the third in October 2022. CSVs, codebooks, and data construction files are included (note the latter include references to other files but show the coding).

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in New Britain, CT, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 12,578, while the mean income for the highest quintile (20% of households with the highest income) is 181,011. This indicates that the top earners earn 14 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 276,325, which is 152.66% higher compared to the highest quintile, and 2196.89% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for New Britain median household income. You can refer the same here

Provisional estimates of income and inequality measures for financial year ending 2018, alongside historical data.