UK income inequality 2015: Here's the average household income in the UK - take this test to find out how your wealth compares

 
Emma Haslett
Follow Emma
Inequality To Be A Key Election Issue
Inequality is down, the figures showed (Source: Getty)

Feeling flush? Median household disposable income rose to £25,700 in the year to the end of 2015, up £1,500 from the year before, according to official figures released today - which also suggested the rich are getting poorer, while the poor are getting richer.

Average income is now a hair above the at £25,400 people had just before the downturn, the figures showed.

Meanwhile, the median disposable income among the richest fifth of households was still £2,000 - or 3.2 per cent - below the pre-downturn peak, after accounting for inflation and household composition.

On the flipside, for the poorest fifth, income has risen by £700, or 5.8 per cent, since the pre-downturn peak.

Income has been pushed up by the employment rate and average earnings growth, which have both risen.

The ONS said since 2007/08, there's been a "slight decrease" in overall income inequality - although it's still higher than it was in the early 1980s.

How does your wealth compare to the rest of the UK? The ONS has a handy test so you can find out...

Related articles