Households' disposable income exceeds Lm8,000 annually

Households earned an average of Lm8,202 in disposable income annually, according to the Household Budgetary Survey carried out between March 2000 and March 2001, the National Statistics Office said.

A quarter of those who completed a post-graduate level of studies earned Lm8,001 or more, and 78.9 per cent of those who earned Lm8,001 or more were employed.

None of those surveyed who had no formal education earned more than Lm4,000. Of those who earned up to Lm2,000, 56.4 per cent were housekeepers.

It was estimated that persons living in private households earned around Lm1.05 billion in disposable income during the survey period.

The main source of income was salaries, with net salaries accounting for 59.8 per cent of the total disposable income.

Men earned Lm771,933,200, or 73.5 per cent of the total disposable income, compared with Lm277,687,600 earned by women.

Income received through net salaries accounted for 61.8 per cent of males' disposable income, compared with 54.6 per cent of women's. On the other hand, social benefits accounted for 14.1 per cent and 25 per cent of males' and females' disposable income respectively.

Some 85.5 per cent of those who had completed a post-graduate level of education earned over Lm4,000 in disposable income, compared with 15 per cent of persons who had not completed a primary level of education.