Stratification is one of the core themes within A level Sociology and Sociology more generally. One of the major sources of stratification is found in differences between wealth and income within the UK. According to various sources of statistics (of course you should always question where these come from!) the UK is one of the most unequal countries in the developed world, and this is something I like to bang on about a lot. Below are a few handy infographics which illustrate the extent of wealth and income inequality in the UK.
- This first infographic from the excellent Equality Trust (authors of The Spirit Level) provides a nice general overview. The headline figure is quite easy to remember – the top o.1% earn about 100 times more than the bottom 90%, and the ratio is roughly the same for the earnings of a CEO of a FTSE 100 company compared to the average UK income.
2. This infographic from Income Inequality Briefing reminds us that the wages of the richest have increased, while the relative wages of the poorest have decreased in real terms.
3. This third infographic, again from the Inequality Briefing, looks at things regionally – Basically I think it tells us that the wealthiest region (London) is twice as wealthy in terms of wages as the poorest (up north somewhere or Welsh valleys). It also reminds us that the UK is one of the most unequal countries in Europe. Basically the average income in London is double the average income in the West Midlands.
4. This final infographic from the Office for National Statistics at least reminds us that taxation and benefits do help to reduce income inequality to an extent. Before tax and benefits the richest 20% of households are 14 times richer than the poorest, but after tax and benefits, the ratio reduces 4. NB1 – If you were comparing the richest 10% with the poorest 10% the difference would be larger. NB2 remember that most people who receive benefit are actually in work, and benefits (e.g. housing benefit) tops up their low wages.
It’s probably just the way they’ve rounded the stats. It is a bit slack to not have it consistent in fairness!
How is it that the in the first graphic the top 10% is listed as having 78K then in the last graphic the top 20% are listed as having 79K? I’m probably misreading something, right?