Income and wealth inequality

Ways the level of inequality of income and wealth can be measured

  • Share of income going to different groups in society, e.g. the poorest 20% of households at the bottom of the income scale through to the richest 20%
  • The proportion of all households who live on an income below an official poverty line
  • For the UK and other EU countries, the current poverty line is an annual income of less than 60% of median income. The median individual is in the middle of the income distribution
  • Gini co-efficient
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