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803.5K views
This parliamentary term is on track to be by far the worst for living standards since the 1950s.
Typical working age household incomes are on course to be 4% lower in 2024-25 than they were in 2019-20.
Never in living memory have families got so much poorer over a parliament.
184.6K views
British households are on course to be poorer going into the coming election, than they were coming out of the last one.
This Parliament looks set to be the worst on record for household income growth... 👇
159K views
This parliamentary term is on track to be by far the worst for living standards since the 1950s. Typical working age household incomes are on course to be 4% lower in 2024-25 than they were in 2019-20.
Never in living memory have families got so much poorer over a parliament.
98.5K views
Graduate salaries have stagnated while the minimum wage has risen, leading to convergence between the two.
Two decades ago, the median graduate in a ‘graduate job’ had a salary 2.5 times that of a minimum wage worker, by 2023, the typical graduate earned 1.6 times a minimum wage
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🔥 Top post: This parliamentary term is on track to be by far the worst for l · 803.5K views
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This parliamentary term is on track to be by far the worst for living standards since the 1950s.
Typical working age household incomes are on course to be 4% lower in 2024-25 than they were in 2019-20.
Never in living memory have families got so much poorer over a parliament…
Graduate salaries have stagnated while the minimum wage has risen, leading to convergence between the two.
Two decades ago, the median graduate in a ‘graduate job’ had a salary 2.5 times that of a minimum wage worker, by 2023, the typical…
British households are on course to be poorer going into the coming election, than they were coming out of the last one.
This Parliament looks set to be the worst on record for household income growth... 👇
Britain needs a new economic strategy to end its stagnation and close its £8,300 living standards gap with its peers. 'Ending Stagnation', the final report of the RF and @CEP_LSE Economy 2030 Inquiry, funded by @NuffieldFound, is published…
This parliamentary term is on track to be by far the worst for living standards since the 1950s. Typical working age household incomes are on course to be 4% lower in 2024-25 than they were in 2019-20.
Never in living memory have families …
New RF data sheds light on what 15 years of economic stagnation have done to our pay and living standards.
"This is not what normal looks like. This is what failure looks like, and we urgently need an economic strategy to turn this state…
Between 2021-22 and 2023-24, the number of people living in absolute poverty is on track to rise by 2.3 million, including 700,000 children.
Rising incomes at the very top. The scale of tax cuts for the richest five per cent is enough for their incomes to grow by two per cent next year (2023-24). However, the other 95 per cent of the population will get poorer as the cost-of-li…
Middle income Britain stands to lose most from the overall impact of all tax and benefit policies announced over the parliament. The poorest fifth of households gain £90 on average, with the middle fifth losing £780, and only the top five …
The Chancellor’s huge package of personal tax cuts will disproportionately benefit London and the South East – with households in these regions standing to gain to three times as much on average (£1,600) as those living in Wales, the North…
NEW Blowing the budget - the RF overnight analysis of the Chancellor's September Fiscal Statement. Here's a short thread of the key highlights ahead of you reading the full 31 page report.... 🧵
NEW RF analysis of #SpringStatement2022 - The scale and distribution of the cost of living squeeze means a further 1.3 million people are set to fall into absolute poverty next year, including 500,000 children – the first time Britain has …
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