Footnotes

(SILC).
RELATIVE MEDIAN INCOME RATIO is the ratio of the median equivalised disposable income of persons aged above the specified age limit (e.g. age over 65) to the median equivalised disposable income of persons in complementary age groups (e.g. age under 65) or age group from 45 to 54 years.
The calculations are based on annual (net) disposable household income (income in cash). Disposable household income in cash includes net incomes of all household members (employee cash or near cash income, including supplement for meals and transport to work, cash benefits or loses from self-employment, pensions, unemployment benefits, sickness benefits, education-related allowances, family allowances and social benefits, interests, dividends, regular inter-household cash transfers received) less regular inter-household cash transfers paid and regular taxes on wealth, including compensation for the use of building land. To income in cash calculated in this way part of income in kind (benefit for the use of company car for private purposes and the value of withdrawals from a business by a self-employed person) is added.
The OECD modified scale is used for the calculation of the EQUIVALISED INCOME (income per equivalent adult household member). The scale gives to the first adult in the household weight 1, to every other person aged 14 or more weight 0.5 and to children under 14 weight 0.3.

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- Methodological explanations

YEAR

Income, poverty and social exclusion indicators are published for the SILC (Statistics on Income and Living Conditions) survey year. The data on income for calculating these indicators are from a year earlier, i.e. the year before the survey is conducted.