Millennials’ income gains have stalled across advanced economies, but the UK stands out for its living standards and housing ‘boom and bust’

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Incomes and Inequality, Intergenerational Commission

The 20th century growth story that has seen each generation enjoy higher incomes than the one before them has ground to a halt in nearly all advanced economies in the 21st century. However, the UK stands out for having experienced a ‘boom and bust’ cycle where strong income and housing gains for post-war generations have failed to … Continued

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Worries about recent debt surges are exaggerated but almost half of lower income households are displaying signs of ‘debt distress’

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Housing, Wealth and Debt

A surge in consumer credit growth and the prospect of faster-than-expected interest rate rises have recently prompted concerns about the possibility of a fresh debt-bust in the UK, but it is the continuing overhang from the last crisis that is of more concern, according to a new Resolution Foundation report published today (Monday). With levels … Continued

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Welcome step up in labour market enforcement must be matched by real action on employment rights

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  Commenting on the government’s response to the Taylor Review of Modern Working Practices, published today (Wednesday), Torsten Bell, Director of the Resolution Foundation, said: “The government is right to be taking concrete measures to boost enforcement of our labour market rules and to increase the fines for employers who break them too often. In … Continued

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Britain has excelled at generating wealth – but lower income families are being left behind

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Housing, Wealth and Debt

Typical wealth across Britain increased by 13 per cent in real terms in the two years to 2014-16, but wealth inequality remains unacceptably high, the Resolution Foundation said in response to the ONS Wealth and Assets Survey today (Thursday). Over a period in which typical household incomes have grown by just 5 per cent, today’s … Continued

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