In terms of global poverty criteria, the United Kingdom is a wealthy country, with virtually no people living on less than £4 a day. In 2012-13, median income was approximately £21,000 a year but varies considerably by age, location, data source and occupation. There is both significant income redistribution and income inequality; for instance, in 2013/14 income in the top and bottom fifth of households was £80,800 and £5,500, respectively, before taxes and benefits (15:1). After tax and benefits, household income disparities are significantly reduced to £60,000 and £15,500 (4:1).
The UK Gini coefficient for 2013/14 estimated at 0.34.
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