Kompany Car
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- 19 Sep 2015
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A brief, but none the less interesting article from LSE which demonstrates inequality.
The thing that stands out is people always talk about the top 10% or even 5% in the UK. Yet even if you are in the top 3% (£104k) your income is still closer to the median of £26k than what it is to that of the top 1% and even at that salary, depending where you live in the UK, you may still be far from comfortable.
To grasp the extent of inequality, look at the relatively well-off
When it comes to gauging their relative income, people’s subjective perceptions are rarely in line with reality. Drawing on their new book, Gerry Mitchell and Marcos González Hernando set out why t…
blogs.lse.ac.uk
The thing that stands out is people always talk about the top 10% or even 5% in the UK. Yet even if you are in the top 3% (£104k) your income is still closer to the median of £26k than what it is to that of the top 1% and even at that salary, depending where you live in the UK, you may still be far from comfortable.