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Written question asked by Lord Willetts (Conservative) on Thursday, 19 April 2007, in the House of Commons. It was due for an answer on Monday, 23 April 2007. It was answered by Jim Murphy (Labour) on Monday, 14 May 2007 on behalf of the Department of Trade and Industry.

Personal Income

Question
To ask the Chancellor of the Exchequer what the median equivalised (a) net and (b) gross household income was for households where the household reference person was aged (i) 16 to 20, (ii) 21 to 25, (iii) 25 to 30, (iv) 30 to 40, (v) 40 to 50, (vi) 50 to 60, (vii) 60 to 65, (viii) 65 to 75, (ix) 75 to 85 and (x) over 85 in (A) 1997, (B) 2004-05 and (C) in the last period for which figures are available.
Answer

I have been asked to reply.The available information is in the following tables.The age-bands requested are not mutually exclusive so they have been adjusted slightly in order to make them so.

Table 1: Median equivalised net household income (£ per week) by age-band of household reference person.
Age-band of household reference person 1996-97 2004-05
16 to 20 242 325
21 to 25 266 367
26 to 30 261 362
31 to 40 258 351
41 to 50 294 376
51 to 60 301 400
61 to 65 239 327
66 to 75 210 291
76 to 85 184 272
over 85 188 272
Table 2: Median equivalised gross household income (£ per week): by age-band of household reference person.
Age-band of household reference person 1996-97 2004-05
16 to 20 277 389
21 to 25 319 471
26 to 30 320 473
31 to 40 322 463
41 to 50 376 511
51 to 60 377 540
61 to 65 270 396
66 to 75 222 328
76 to 85 189 301
over 85 194 303
Notes: 1. The information is based on OECD equalisation factors and therefore it will not be the same as any figures previously published that were based on McClement’s equivalisation factors. 2. The per week values are in the prices for that particular year. Source: Family Resources Survey

Secondary information

Type
Written question
Reference
133833; 460 c564-5W
Session
2006-07
Subjects
Personal income
Link
View this Written question on www.publications.parliament.uk