Average UK salary by age

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
22-29 : Didn’t do that well, but that was 30-40 years ago.
30-39 : Got there at the end.
40-49 : Did rather better than that thanks to mobile comms
50-59 : Started out well, still rinsing Apple, but then went self-employed in another country which basically paid the bills.
 
Related but minor segue............. i notice it brings up the gender paygap....... in their defence they do mention it is partly because statistically women still tend to be the carers in a relationship more than the men, however i do wish this was not glossed over most of the time.

if 10000 women and men both have the same career history amd experience and the women are getting paid less on average then that is an issue which needs to be solved - and this may well be the case, i do not deny it!. Whether this is because on average women choose not to be so career focussed, whether school subjects which lead to better paid jobs tend to be more appealing to boys, or whether companies take advantage of their female staff, or if men just complain more (and squeeky wheels get the grease) i do not know... All these issues can be looked at but have significantly different solutions.

BUT it really grinds my gears when the media just look at women as a whole and men as a whole and use that as proof that there is inequality in the work place.

when you are talking mass numbers of course women will get paid lower on average, because, until men on average take the same amount of time off work than women do looking after their family, then on average a woman of X number of years age will have less experience than the male equivalent. Other than encouraging men to split the child care (something a lot of bosses do not want, i can say with experience as i only work 90% full time over 4 days since having a child), i dont think there is anything needed to fix on this reason specifically.
 
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Everytime I see these, its always the same type of people.

Its never a group of people working in STEM or Law......I wonder why!?!?!!?

We really should have "Average UK salary by job" Then we can see which jobs pay pants.

Related but minor segue............. i notice it brings up the gender paygap....... in their defence they do mention it is partly because statistically women still tend to be the carers in a relationship more than the men, however i do wish this was not glossed over most of the time.

if 10000 women and men both have the same career history and the women are getting paid less on average then that is an issue which needs to be solved - and this may well be the case. Whether this is because on average women choose not to be so career focussed or whether companies take advantage of their female staff, or if men just complain more (and squeeky wheels get the grease) i do not know... All these issues can be looked at but have significantly different solutions.

BUT it really grinds my gears when the media just look at women as a whole and men as a whole and use that as proof that there is inequality in the work place.

when you are talking mass numbers of course women will get paid lower on average, because, until men on average take the same amount of time off work than women do looking after their family, then on average a woman of X number of years age will have less experience than the male equivalent. Other than encouraging men to split the child care (something a lot of bosses do not want, i can say with experience as i only work 90% full time over 4 days since having a child), i dont think there is anything needed to fix on this reason specifically.

I never call it a gender paygap, its an CHOICE paygap.

If women really want a decent paid job, then they can get out there and start digging the roads. Instead of choosing the 9 to 5 office job with flexibility and air conditioning.
 
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I'm about 50% above the Median for my age. Am very lucky in that I own my own 3 bedroom house in SE London, have a decent car paid for outright, no debt (not even a mortgage), not huge but not tiny savings and no dependents.
 
It's quite depressing that I am doing far better than the median for my age and don't feel that "well off"
So i am a little above average for my median (48 years old), my job is ending in a little over 12 months and i am resigned to the fact this is probably the best paid job i will ever have.

however i must admit i DO feel blessed to have the income i have and i feel pretty well off. When i grew up my parents were genuinely skint (so much so that we cut down trees instead of burned coal and dug up spuds the farmers machinery had missed etc - with permission!, and my dad worked as a farm hand on his days off work, which allowed him to go shooting which is how we got our meat for sunday lunch.

BUT the only reason our family is as comfortable as it is is because my wife also earns a similar salary to me (actually probably a little more). Unless you have a really good job i think the days off living well off 1 salary in a partnership are just about over.
Both need to work, and if you have kids, then they need to go into after school and holiday clubs. it sucks, and is why i cut my working week to 4 days so i can spend more time with him but cest la vie!.
 
Those salaries seem depressingly low, combine that with the crazy house prices and it's not a big surprise our birth rates are falling to record levels. If a single person on £150k is struggling (HOW) with 2 kids, then there's little hope for most people on the other side of that average.
 
The person on 150K isn't struggling... they're just 'living within their means' and noticing things going up. That's how it happens for most higher pay. (I know, as I've been on both sides, and am back 'lower' again, although still above median for age). Entitlement is a modern problem.

You can see the variety just by looking at https://findajob.dwp.gov.uk/ for your area.

I also wonder how much the median is brought lower by self-employed, business owners, etc. who perhaps take less declared income, which keeps the statistics lower... but there are a lot of jobs that pay lower than many people think as well.

Having recently been unemployed through redundancy (in tech), I can say that the reason many people are 'struggling' to find work is because expectations on salary have been pushed much higher than the economy can sustain (unless you're in finance or startups) and now as things re-balance (collapse) it's going to be very painful for many.
 
Ideally, we'd be discussing regional median earnings, rather than national median. There is a big difference between London and NW England, for example.

The other thing is, being on national median in London is not much. In Merthyr Tydfil, you're pretty well off.

Latest ONS figures were published today on regional earnings:

 
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Well, I don’t feel particularly well off to be honest.:o I’m 33 and work 58 hours a week over 6 days. No holiday pay, no sick pay and no pension. (Although I do pay £500 a month into a private pension). I’m on £76k after tax, as self-employed IT engineer.

The Mrs is 27 and on £22k working in a nursery.
 
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It's quite depressing that I am doing far better than the median for my age and don't feel that "well off"

Depends where you live which is why these averages are nonsense.

I remember a guy moaning that his 100K salary in London was not enough to live lol.

Where I live 100K makes you considerably richer than 95%+ of people.
 
Well, I don’t feel particularly well off to be honest.:o I’m 33 and work 58 hours a week over 6 days. No holiday pay, no sick pay and no pension. (Although I do pay £500 a month into a private pension. I’m on £76k after tax, as self-employed IT engineer.
A lot of the remote US work is similar - high pay and minimal benefits. But it's still good pay compared to most things.

Having 'been there', I can understand not feeling 'well off', although never having to struggle for anything or worry about bills, etc. is nice. But at the same time, I paid most of my salary at the time into a pension (as I'm older and worry more), and now I earn much less but have a far more interesting and engaging role with a much better group of people around me.

I've since taken a pay cut (because of redundancy) of around 50%, and yet my take-home after tax isn't much less as I was paying so much into the pension. If you have £76K *after tax*, I'd strongly recommend putting more into a pension through salary sacrifice at 33... it makes a huge difference later in life.

As said elsewhere, 100K is a lot of money compared to most. You may not feel 'well off', but you're fortunate to be in such a position of not having to worry.
 
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