How low income is measured in households below average income statistics
A brief graphical explanation of how low income is measured when producing households below average income statistics.
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This includes guidance on how:
- income data undergoes equivalisation (which allows comparisons to be made of individuals of different ages from different sized households)
- housing costs are considered
- median household income is used to find the number of people in low-income households
- inequality measures are produced
- confidence intervals are used to show uncertainty around the estimates
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