“Don’t it always seem to go, that you don’t know what you’ve got till it’s gone” – UK generational trends in an international context

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Incomes and Inequality, Intergenerational Commission

Joni Mitchell’s lyrics may refer to her first trip to Hawaii, but they could just as easily apply to UK trends in generational living standards that the Resolution Foundation’s Intergenerational Commission has uncovered. That’s particularly so in light of new analysis comparing these trends internationally. While there are huge living standards differences between high-income countries, … Continued

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Hey big spender!

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Incomes and Inequality

Todays’ annual Family Spending release contains the usual treasure trove of information on what UK households spent their money on last year. Households spent a lot. Average weekly spending rose (after adjusting for inflation) by 4 per cent from £533 to £554 between 2015-16 and 2016-17 – the sharpest increase for well over a decade … Continued

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Did raising tuition fees flatter measurements of young people’s incomes?

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Incomes and Inequality

The government has announced that the maximum annual tuition fee will be frozen at £9,250; and that the earnings threshold for repayment will jump from £21,000 to £25,000. What’s more, there will be a wide review of student finances to “look again” at this turbulent political issue. While they’re doing that, government statisticians should look … Continued

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We’re getting poorer, but it’s not (just) Brexit

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Incomes and Inequality

Amid a busy week in politics, the publication this week of new data showing that average household income per person has fallen in each of the last four quarters has passed somewhat unremarked upon. As the chart below shows, annualised income fell by 0.3 per cent in the second quarter of this year relative to … Continued

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Why intergenerational fairness is rising up the agenda, in 10 charts

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Incomes and Inequality, Intergenerational Commission

The prospects of today’s younger generation is a topic that graces newspaper headlines and politician’s speeches with increasing regularity. In the middle of party conference season, here’s a 10-chart guide to where the concern is coming from and what those seeking to address the challenge should be focusing on. Jobs and pay Young people were … Continued

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