This indicator shows the percentage of people living in households that have an equivalised disposable income (after housing costs) of less than 50% of median household equivalised disposable income (after housing costs).
Disposable income is what is left of a household’s total income, after tax, that is available for spending or saving.
Low income is less than 50% of the median equivalised household disposable income, after housing costs. Series (low) and series (high) refer to the lower and upper confidence limits at the 95% level.
The term ‘equivalised’ means household incomes have been adjusted to account for different household sizes. For example, large households are likely to need larger incomes to reach the same standard of living as smaller households.