Unequal results: improving and reconciling the UK’s household income statistics

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Incomes and Inequality

Although GDP, employment and average earnings are (rightly) key economic barometers, household incomes and inequalities are indispensable measures of living standards. Indeed, there has been increased recognition across the world of the need for economic statistics to give more emphasis to the distribution of growth as well as averages. Household survey data has proven invaluable for assessing the challenges … Continued

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As good as it gets? The adequacy of retirement income for current and future generations of pensioners

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Intergenerational Commission, Tax and Welfare

Recent strong growth in the incomes of pensioner households and reductions in pensioner poverty are to be welcomed. But set against much weaker incomes for working age households and the challenges younger generations are facing in accumulating wealth, anxiety is building that these outcomes may not be sustained for future generations of retirees. Their prospects … Continued

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Freshly Squeezed: Autumn Budget 2017 response

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Public Finances and the Economy

Britain is on course for the longest period of falling living standards since records began in the 1950s, with the current crunch forecast to last longer than the post-crisis income squeeze. Our overnight post-Budget report Freshly Squeezed highlights the unprecedented scale of the economic downgrade handed down to the Chancellor by the OBR, and how … Continued

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A Budget for intergenerational fairness?

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Public Finances and the Economy, Intergenerational Commission

Beyond facing down expected economic downgrades and clarifying the direction on Brexit, resetting the agenda on intergenerational fairness has emerged as a top priority for the Chancellor in this month’s Budget. This focus reflects a growing body of evidence showing that generation-on-generation living standards progress is under threat for today’s young adults – as analysis … Continued

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How unequal is the UK – and should we care?

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Incomes and Inequality

David Willetts’s slides from the Royal Statistical Society Cathie Marsh Lecture, exploring recent trends in UK living standards and inequality, specifically inequality between generations and between graduates and non-graduates. The slides also explore attitudes to inequality. 

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