New Statesman · 14 Nov 2026
How wealthy is too wealthy? Introducing the “rich line”
At the turn of the 20th century, Victorian philanthropists began making a calculation that was unheard of in England at that time: a “poverty line”. The social researcher Charles Booth decided, after surveying living conditions in London, that earning below 18 to 20 shillings (£1) a week meant you fell below the “line of poverty”, and divided Londoners living “in comfort” from those “in poverty”.
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