Average UK annual salary by age revealed

[Racehorse]

https://metro.co.uk/2024/10/26/average-uk-annual-s...

Age 22-29 – Median annual salary: £30,316
Age 30-39 – Median annual salary: £37,544
Age 40-49 – Median annual salary: £40,040
Age 50-59 – Median annual salary: £37,804

[captain_cynic]

Average or median... These are two different concepts.

If they're getting those mixed up I'd take the conclusions with pinch of salt

Hey, but I guess that's why I'm getting paid more

[bigandclever]

captain_cynic said:

Average or median... These are two different concepts.

If they're getting those mixed up I'd take the conclusions with pinch of salt

Hey, but I guess that's why I'm getting paid more

TBF it says 'median' about 8 million times in the article

Original Forbes piece it's referencing is here.. https://www.forbes.com/uk/advisor/business/average...

[shtu]

It's been quiet for a while, but racehorse and his obsession with working out everyone's salary is back.

[captain_cynic]

bigandclever said:

TBF it says 'median' about 8 million times in the article

Original Forbes piece it's referencing is here.. https://www.forbes.com/uk/advisor/business/average...

Also says average a few times... But I'm just being a sarcastic bar steward. It's another Racehorse post so I'm not taking it too seriously.

[Gas1883]

Racehorse said:

https://metro.co.uk/2024/10/26/average-uk-annual-s...

Age 22-29 – Median annual salary: £30,316
Age 30-39 – Median annual salary: £37,544
Age 40-49 – Median annual salary: £40,040
Age 50-59 – Median annual salary: £37,804

I’m assuming 63 is not on there as were meant to be retired , where did it all go so wrong .

[Evanivitch]

Racehorse said:

https://metro.co.uk/2024/10/26/average-uk-annual-s...

Age 22-29 – Median annual salary: £30,316
Age 30-39 – Median annual salary: £37,544
Age 40-49 – Median annual salary: £40,040
Age 50-59 – Median annual salary: £37,804

What I can't understand is that it says the 60+ number is affected by part time workers, but the 18-21 value is pretty much the living wage, and I'd have thought much more heavily affected by part time working.

[TwigtheWonderkid]

22-29 is a very wide spread in that particular group. It's the difference between just out of uni and starting work, and maybe 7 years experience.

[captain_cynic]

TwigtheWonderkid said:

22-29 is a very wide spread in that particular group. It's the difference between just out of uni and starting work, and maybe 7 years experience.

Yep. Certainly in my life. My salary doubled between the age of 23 and 27. Starting out on a very low salary as I was straight out of uni.

I don't think a lot of scientific rigour went into the article.

[crofty1984]

That's lower than I expected for 30 onwards.

[ATG]

Underlying data all available from the ONS website with lots of commentary explaining the statistical basis, levels of uncertainty, etc.