Abstract:
The focus of this report is the distribution of household income in the UK. We assess the changes to average incomes, income inequality and poverty that occurred in the latest year of data (2014-15), and put these in historical context using comparable data spanning the last 50 years. The analysis draws upon the data underlying the latest figures from the Department for Work and Pensions (DWP)'s Households Below Average Income (HBAI) series, published on 28 June 2016. The HBAI series is derived from the Family Resources Survey (FRS), a survey of more than 20,000 households in the UK that asks detailed questions about income from a range of sources. (...)