Social mobility and earnings change over the life-cycle

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Wages & Income

Since the emergency budget in June of this year, government policymaking has been unswervingly focused on reducing the deficit. However, the coalition has asked to be judged not just on its impact on the public finances, but also on the progress it makes in increasing social mobility. Social mobility is undoubtedly an important issue. It … Continued

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We’re all squeezed now

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Shared Growth

[Extract] Research suggests that most British people will call themselves middle class by 2020. But many will find it increasingly hard to achieve the lifestyle that is supposed to go with it. It is one of the most famous sketches in comedy: John Cleese, Ronnie Barker and Ronnie Corbett, lined up in descending height, dressed … Continued

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Will we catch the American bug?

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Shared Growth

The American middle-class has been complaining since the 1970s about their stagnating incomes. The economic growth that the country has seen since then has gone mainly to the better off. Households at or below the middle of the income distribution have seen no significant rise in their living standards for a generation. That certainly can’t … Continued

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A lost decade, not a burst bubble

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Shared Growth

From time to time we’ll be posting pieces from the USA and elsewhere to gain international insights on the plight of low-to-middle earners. Here Sophia Parker, a Research Associate of the Foundation, sets out the growing crisis facing low-and-middle income America and considers what it means for the Obama administration. “The problem”, declares American academic … Continued

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A new generational compact

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Childcare & Families

One of the best books written by a politician in recent years is David Willetts’ The Pinch. In it Willetts documents, with great clarity and rich empirical evidence, how the baby boomer generation has been pinching too big a share of the nation’s wealth, enjoying rising house prices and generous pensions while failing to invest … Continued

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The ‘squeezed middle’ is a real problem

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Shared Growth

Whatever the terminology, politicians cannot afford to overlook a group that feels justified anxiety about its standard of living. The best political phrases grow broad roots, entering the language of all political parties. Today it’s still unclear what fate awaits Ed Miliband’s talk of the “squeezed middle“. But whatever happens to the phrase, the theme … Continued

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