Publication
On borrowed time? Dealing with household debt in an era of stagnant incomes
Date: 23 December 2012
Author: Matthew Whittaker
On borrowed time? examines how and why household debt grew in the pre-crisis years, before turning to study the current scale and distribution of exposure to debt across households. Finally, the report looks at the link between household debt and prospects for economic growth, setting out a range of broad policy considerations that will frame our future work.
Inequality, debt and growth
Date: 14 May 2012
Author: Paolo Lucchino and Salvatore Morelli
Inequality, debt and growth shows that low to middle income households were reliant on borrowing to fund much of their spending for more than a decade before the financial crisis. The report reveals the full extent of the increase in borrowing and deterioration in household savings rates in the run up to the 2008/09 crisis, with the poorest 10% outspending their income by 40% by 2007. Given only a minority of the poorest are homeowners paying off their mortgage, it is highly unlikely this was counterbalanced by an increase in housing wealth.
Life on a low income
Date: 5 April 2012
Author: Katherine Green
In April 2011 Resolution Foundation started following 7 low to middle income families across England to track their financial and economic position and how their lives changed over the course of 12 months.
2012 2013 2020 activity rate Anna Vignoles April arrears Audit autumn statement balance benefit system benefits borrowing Britain budget budget 2011 budget response business case business impact cchpr child outcomes childcare Clive Cowdery Commission Commission on Living Standards conditionality cost of living wage council tax council tax benefit creditworthy david willetts Debt debt forgivenes debt target degree demographics discussion paper distribution donal hirsch earnings economic economy education election elizabeth washbrook emergency budget employment employment rate evidence expert group families family female employment finance financial advice financial capability financial health financial services financial services industry forbearance Gavin Kelly GDP gearing generation rent government Green Paper gregg growth growth without gain growth. niesr HM Treasury consultation holmes hourglass House of Commons House of Lords household debt household income Housing IFS in-work income inequality institutional investment interest rates international James Plunkett jane waldfogel jobs jobs gap John Van Reenen jonathan portes labour market labour share lane kenworthy lee savage letting agents Liam Wren-Lewis living standards living wage LMIs long-term care Louisa Darian low earner constituencies Low earners low earners audit low income low pay Low Pay Britain low pay threshold low to middle income low wages low-to-middle earners machin macro economic matthew pennycook Matthew Whittaker mayhew Mike Brewer minimum wage missing million missing out mobility mortgages mothers MPs mum netmums non-employment rate OECD older on your marks Parliamentary briefing part time Pensions Bill Pensions White Paper personal allowance peter williams plan c polarisation Policy Press polling population poverty pre-budget report private rented sector productivity projections property assets public sector deficit recession reform rent renting Resolution Foundation Resolution Foundation briefing response routine jobs sanctions sector share shelter skills social social care market social mobility social mobility foundation Sophia Parker squeezed Squeezed Britain Squeezed Middle submission survey sutton trust tax tax credits tax cuts tenure The squeezed middle think tank think-tank Thoresen Review Transact Treasury Select Committee unemployment Universal Credit Vidhya Alakeson wage bill wage share wages welfare reform welfare state White Paper who gains from growth women Work Work and Pensions Select Committee work incentives work-life workers workforce
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