Dealing with the housing aspiration gap

Published on by

Housing, Wealth and Debt

Britain’s reputation as a nation of home-owners is under threat. While it’s true that just under two-thirds (65 per cent) of us own our own place, the home-ownership rate has fallen from 73 per cent since 2007. This downward trend has occurred despite the proportion owning their home outright continuing to rise gently in recent … Continued

READ MORE

What’s in store for household incomes in 2015?

Published on by

Jobs, Skills and Pay

The 2015 election has been billed by many as the ‘living standards election’, meaning that we can expect much debate in the coming months on just how households are faring and whether economic growth is translating into income growth. To date though, most attention has focused on wages instead of incomes. The six-year real-terms pay … Continued

READ MORE

Taking a local look: Household disposable income

Published on by

Incomes and Inequality

Today’s figures from the ONS show that household disposable income continued to fall in 2011. This is part of a longer term trend of stagnation and decline in incomes that began around 2003. As we showed in the Commission on Living Standards, disposable income per head fell in every English region outside London from 2003 to 2008, even … Continued

READ MORE

America’s working women

Published on by

Jobs, Skills and Pay

This post originally appeared on Coffee House, The Spectator Blog We know that the growth of women in work has been a significant driver of household income growth in the UK over the last 50 years. In fact, children are now most likely to grow up in poverty in male breadwinner households. Today’s publication of the annual snapshot of … Continued

READ MORE

Squeezed middle: all pain, no gain

Published on by

Incomes and Inequality

Average incomes in the ‘squeezed middle’ group will take until at least 2020 to return to their 2007 level – a trend made even worse by public sector cuts   With two out of three British workers facing pay freezes, inflation running at an annual average of 5.2% and widespread cuts to government spending on services and … Continued

READ MORE