Disclaimer, because this gets overlooked easily. Average salary looks at workers only. Self-employed are excluded as is any income from capital/ dividends/shares etc. The average "working" individual makes actually more. Example: an NHS doctor disappears the moment he/she goes private later in his career, and any additional income before that never enters the statistics. Same with finance industry boni, stock options for tech guys, company car/accomodation, school fee assistance etc. Obviously other forms of income, eg property, bonds, stocks etc are not included either.
In other words, an average salary does not mean an average purchase power measured across the population.
Last edited by Sam Ting Wong; 2nd Dec 2023 at 06:59.