More young people are sticking with their employer – and missing out on big pay rises as a result

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Wages & Income

  A slowdown in job moving, employers no longer rewarding staff for long service, and a shift towards work in low-paying sectors have meant that millennials have had a slower and lower-paid start to their careers than the generation before them, according to the new research published today (Thursday) by the Resolution Foundation. Study, work, … Continued

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Rising prices is the big living standards story of 2017

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Wages & Income

  The doubling of inflation in just four months shows that rising prices will be the big living standards story of 2017, the Resolution Foundation said today in response to the latest inflation figures. CPI inflation increased from 0.9% in October 2016 to 1.8% in January 2017 – its highest level since June 2014. CPIH, … Continued

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Recent retirees drive pensioner incomes above those of working families

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Wages & Income

Strong recent growth in typical pensioner incomes has been driven by new cohorts of pensioners who are more likely than their predecessors to still be in work, own a home and have access to generous private pension pots. This is according to new analysis published today (Monday) by the Resolution Foundation for the Intergenerational Commission. … Continued

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Millennial men earned £12,500 less than the generation before them by the time they hit 30

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Wages & Income

  Millennial men are falling behind the generation before them in their early careers, reflecting a shift towards young men doing low paid work traditionally carried out by women, Resolution Foundation Director Torsten Bell will say in the annual Grigor McClelland lecture to Manchester Business School later today (Thursday). The lecture, on 21st century inequality, … Continued

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Britain on course for biggest increase in inequality since Thatcher

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Wages & Income

Squeeze on poorer households, rather than 80s-style boom for the rich, driving 21st Century inequality Britain is on course for a major living standards slowdown, with typical households seeing almost no income growth over the remainder of this Parliament, according to the Resolution Foundation’s annual audit of living standards published today (Wednesday). A particularly tight … Continued

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UK’s mini living standards boom ends as inflation starts to bite

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Wages & Income

  The UK’s mini living standards boom of recent years has ended with income growth for typical working age households more than halving to just 0.5 per cent this year, the Resolution Foundation’s annual living standards audit will warn later this week. The audit – a detailed analysis of the state of living standards across … Continued

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