Comment on Rich People Are Becoming Less Willing to Help With the World’s Problems

WALLACE@feddit.uk ⁨2⁩ ⁨days⁩ ago

• ladel@feddit.uk ⁨2⁩ ⁨days⁩ ago

  Median post-tax houshold income is £36.7k. Suggesting the amount of people in a high-income houshold is about half, which is still a lot, but not as much as I thought.

  source

  • WALLACE@feddit.uk ⁨2⁩ ⁨days⁩ ago

    That’s the median disposable income, which is significantly lower than the gross income used and misrepresented in this study.

    source

    • ladel@feddit.uk ⁨2⁩ ⁨days⁩ ago

      They (ONS) define disposable income as “the amount of money households have available for spending and saving after direct taxes have been accounted for. It includes earnings from employment, private pensions and investments, as well as cash benefits provided by the state”, so not exactly post-tax income, but £36.7k corresponds to about £48k gross. I completely agree that a couple earning min. wage should not be classed as high income in the UK, but I usually overestimate how much income a typical Brit actually has.

      source
  • Not_mikey@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    Median post-tax household income is £36.7k

    Wow that seems low, US median household income is $83k, even with taxes and conversion that seems like a significant gap and I always thought US and UK had similar price levels. Are taxes just that much higher? Or are households smaller ? Or are incomes in the US just that much better?

    source

    • Collatz_problem@hexbear.net ⁨1⁩ ⁨day⁩ ago

      Dollar is incredibly strong, because it is a global reserve currency. If you look at purchasing power, the difference in incomes between UK and USA would be much lower.

      source
    • tankplanker@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Are you accounting for everything that’s included in UK taxation such as health care and state pension?

      source

      • Not_mikey@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

        We’re talking about median, and the median person in the US gets employer provided healthcare and usually some form of employer pension/401k contribution plus social security, so I don’t think those would be much different cost wise for a median US vs UK resident. I’m sure Britain uses there taxes better than us and has better benefits, especially for the poor, but I don’t think that fully accounts for the gap.

        source

        • -> View More Comments
    • Womble@piefed.world ⁨1⁩ ⁨day⁩ ago

      The wealth of the USA compared to other devoloped countries has shot away over the past 10-15 years, it's not entirely clear why.

      source