Are You Richer Than the Average Brit?

If you earn more than £39,039, you're in the top half of all full-time workers in Britain. Just £100,000 puts you in the top 5% — and 60% of people earning £90,000 still think they're "about average." In this video, I look at what people in the UK really earn: median salaries for full-time and part-time workers, the minimum wage, regional pay gaps (and why London's average is misleading), what it takes to join the top 1%, how much tax you actually pay at different incomes, graduate starting salaries and the shrinking graduate premium, how pay changes with age, welfare payments, and average household wealth. Plus how much income tax Erling Haaland pays — enough to cover 524 median workers. Sources: ONS – Earnings and working hours: https://www.ons.gov.uk/employmentandl... ONS – Total wealth in Great Britain: https://www.ons.gov.uk/peoplepopulati... IFS – Disposable income growth by parliament: https://ifs.org.uk/data-items/annuali... ONS – Regional net fiscal balance: https://www.ons.gov.uk/economy/govern... Premier League salaries: https://www.capology.com/uk/premier-l... 🔗 More at https://www.economicshelp.org ⏱️ Chapters: 0:00 The average UK salary 1:17 Part-Time 1:57 Minimum wage 2:30 Regional pay differences 4:08 The top 1% (and footballers) 4:50 How much tax you really pay 6:55 Graduate salaries 7:37 Pay by age 8:26 Welfare and benefits 9:34 Average wealth ► Please SUBSCRIBE! https://www.youtube.com/c/economicshe... ABOUT ----------- ► https://www.economicshelp.org was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including: ► Economic Short Cuts https://amzn.to/3IgxupC ► 50 Essential Economic Ideas https://amzn.to/3IgxndG ► Cracking Economics. https://www.economicshelp.org/shop/cr... ► What Would Keynes Do? Amazon https://amzn.to/2xShqq4 ► Economics Without the Boring Bits https://amzn.to/48T1hA9