Almost a third of all spending by under-30s goes on housing

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Housing, Wealth and Debt

Housing accounts for almost a third of all spending in households headed by someone under 30, compared to less than 20 per cent for those aged 50 to 74, the Resolution Foundation said in response to the latest ONS Family Spending Survey published this morning (Tuesday). The RF analysis of the latest ONS figures show … Continued

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Summer Budget changes will push up to 200,000 working households into poverty

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Public Finances and the Economy

Sharp increase in working poverty despite welcome pay boost from the ‘National Living Wage’ The number of poor working households will rise by up to an additional 200,000 over the course of the parliament as a result of policies announced in the Summer Budget, according to a report published today (Thursday) by the independent think-tank … Continued

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Typical incomes up £800 a year in north east since eve of downturn but still £900 lower in south east as regions recover at different rates

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Incomes and Inequality

Households in the North East and East of England have seen the biggest rise in living standards since the start of the downturn, while Northern Ireland, the West Midlands and the South East have the most ground to make up, according to an analysis of household incomes published today (Thursday) by the independent think-tank the … Continued

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Big regional and generational divide on living standards as typical incomes approach pre-downturn levels

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Incomes and Inequality

The great squeeze on living standards over the past seven years has been unevenly felt between generations and across different parts of the country, according to new analysis published today (Thursday) by the Resolution Foundation. The Resolution Foundation analysis finds that typical household incomes are rising and are finally set to return to their pre-downturn … Continued

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Household incomes will start rising in 2015 – but painfully slow recovery means many years before losses are restored

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Incomes and Inequality

Household incomes are set to start rising again in 2015 after six years of decline according to a new report from the Resolution Foundation. The findings come in a detailed and authoritative assessment of the state of living standards in Britain. The report from the independent think tank also finds that growth in disposable income … Continued

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