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/en/inntekt-og-forbruk/statistikker/ifhus/arkiv
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Poor income growth for young singles
statistikk
2005-05-20T10:00:00.000Z
Income and consumption;Immigration and immigrants
en
ifhus, Income and wealth statistics for households, income statistics, household income, wealth statistics, wealth, household types (for example single, couples with children, couples without children), income accounts, income from employment, capital income, transfers (for example pension, supplementary benefit, cash for care), debts, poverty, low income, child poverty,Income and wealth, Income and consumption, Income and consumption, Immigration and immigrants
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Income and wealth statistics for households2003

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Poor income growth for young singles

Young single people had a weaker income growth in later years compared with other groups. Single people below 45 years of age had an income growth of only 7 per cent from 1990 to 2003. Couples with children increased their income by 36 per cent in the same period.

Development of after-tax income for some types of households. 1990-2003. NOK in 2003

Development of debt for some types of households. 1990-2003. NOK in 2003

Although many of the young singles are students who's main source of livelihood is student loan, which is not considered part of household income, this does not alter the fact that young singles had an income growth that was only half as strong as for example old-age pensioners or households with children.

Norwegian households had an average total income of NOK 457 500 in 2003. The largest proportion of the household's income consists of work income, and amounted to an average of NOK 319 100. The households received an average of NOK 38 600 in capital income, in addition to an average of NOK 99 900 in different pensions and transfers. After deducting taxes etc. -NOK 112 500- the households' average after-tax income was NOK 345 100.

More debt among younger people

While the income growth was weak among the youngest households, their debt continued to increase. Persons younger than 45 years who were living alone were the group with the highest relative debt. 15 per cent of young singles had a debt exceeding three times their income in 2003. No other household type had a higher relative debt. Young couples, with or without children, and single parents also had a large relative debt. Among all households, the portion of households with debt exceeding twice the total household income increased from 15 per cent in the late 1990s to 21 per cent in 2003. About 9 per cent had a debt of more than three times the income.

Greater inequality

If the population is divided into ten income classes of the same size (decile) and sorted by size of household income per consumer unit, we will get a picture of the distribution of household income within the populations. Decile 1 is the tenth of people with the lowest income, while decile 10 is the tenth with the highest income.

The people in the tenth decile received 24.5 per cent of all income in 2003 - an increase of 1 percentage point compared to the previous year. Persons in the highest decile had an average income seven times higher than the average income of the ones in the lowest decile. A decade earlier, the richest tenth had five times the income of the "poorest" tenth. The rise in income inequality might be due to an increase in capital income, and lower taxes on these incomes. Greater inequality in wages in later years may also have contributed to larger inequality in household income.

Basis of statistics

The basis of the income and property statistics for households is a sample of about 17 000 households. The composition of the households is mapped using interviews and information from registers, while information on income is collected from different administrative registers.

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