A bit of fun – where do you fit in?
From the Institute for Fiscal Studies
I thought this might be interesting if you have a few minutes spare.
What do you think about your income, do you feel rich, poor, or just treading water? Many of us probably have no idea – or the wrong idea – how we compare with the rest of the population.
The Institute for Fiscal Studies asks a few short questions, for you to find out where you lie in the UK income distribution, and how many people are better or worse off than you – if you’re interested…
Working this out involves a number of conceptual issues, including deciding what measure of income to use and what account to take of the needs of different types of households.