Over the past few years, households in Europe have weathered a major cost of living crisis, exacerbated by Russia's war in Ukraine and post-pandemic supply shocks. Many families have been forced to limit their spending, and households continue to count the pennies — even as inflation nears the ECB's 2% target.
One useful measure of the revenue households bring in is 'median equivalised net income'. That refers to the typical income per person, adjusted for household size and after tax.
