Disposable incomes for average households as well as the poorest homes in Britain have risen in the past year, new figures revealed Tuesday.
At the same time, the income of the richest fifth households in Britain went down in 2016, a report from the Office for National Statistics (ONS) showed.
In the year ending in March, 2016, the average disposable income in British households was 26,300 pounds (32,000 U.S.dollars) which was 600 pounds (730 U.S.dollars) higher than the previous year and 1,000 pounds (1,220 U.S.dollars) higher than its pre-downturn peak of 25,400 (30,900 U.S.dollars) pounds in 2007/08.
The ONS said median disposable income for the poorest fifth of households rose by 5.1 percent or 700 pounds (851 U.S.dollars) in 2015/16 to 13,600 pounds (16,530 U.S.dollars).
In contrast, the agency added, the income of the richest fifth of households fell by almost 2 percent, or 1,000 pounds (1,220 U.S.dollars) over the same period to 53,400 pounds (65,000 pounds).
The ONS said the average income for retired households rose by 3.1 percent in 2016, while the average income for non-retired households was broadly unchanged.
The median income of non-retired households is still 1.2 percent below its pre-downturn peak, while the median income of retired households is 13 percent higher.
Senior statistician at ONS, Claudia Wells, said: "Household incomes are above their pre-downturn peak overall, but not everyone is better off. While retired households' incomes have soared in recent years, non-retired households still have less money, on average, than before the crash."
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