What Britain Earns
Watched that programme last night with Peter and Dan Snow. Apparently only 10% of people in Britain earn more than £46,000. I’m really surprised (and in some ways depressed) by that. Their stats also showed that the vast majority of people earned less than £30,000 - most of them earning in the £10,000-£20,000 bracket. The average wage is about £24,000 - of course this is calculated by working out the total amount of salary paid in the UK each year and dividing that by the number of workers (30 million busy bees). This average wage is not therefore the wage of the average person - two thirds of the UK population earns less than the average wage. The average person’s salary must therefore be considerably lower than £24,000.
There would seem to be a huge discrepancy between what the media tells us we should earn, what advertisers tell us we should be able to afford to spend, and what our employers can afford to pay us. No wonder everyone’s in so much debt!