Development of the average net income in the EU

Definition of Income: „The total disposable income of a household is calculated by adding together the personal income received by all of household members plus income received at household level. Missing income information is imputed.“ – Eurostat Disposable household income includes: – all income from work (employee wages and self-employment earnings) – private income from investment and property – transfers between households – all social transfers received in cash including old-age pensions Equivalence scale: „To take into account the impact of differences in household size and composition, the total disposable household…