Focusing on happiness should reinforce, rather than replace, need to deliver security at home and work

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Incomes and Inequality

A secure job, a home of your own, and more money (particularly for low-income households) are all key drivers of higher well-being, and should therefore be prioritised by policy makers, according to a new report published today (Wednesday) by the Resolution Foundation. Happy now? examines subjective well-being across the country to assess the drivers of … Continued

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Child poverty rose last year as incomes for the poorest third of families fell

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Incomes and Inequality

Britain’s weak post-crisis living standards recovery went into reverse last year for the poorest 30 per cent of families, as incomes fell in the bottom third fell by between £50 and £150, according to the Resolution Foundation’s flagship annual Living Standards Audit published today (Tuesday). To establish recent trends in household living standards, the Audit … Continued

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Higher borrowing saw families through the renewed living standards squeeze but it can’t last forever

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Incomes and Inequality

Commenting on the latest Quarterly sector accounts published today (Friday) by the ONS, which revised down real household disposable income growth in 2017 from 0.3 per cent to -0.5 per cent, Torsten Bell, Director of the Resolution Foundation, said: “Today’s figures show that the recent period of high inflation, and historically weak pay growth, caused … Continued

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Middle-income households saw solid living standards gains in 2016-17 – but that growth is slowing

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Incomes and Inequality

  Commenting on the latest Households Below Average Income (HBAI) survey for 2016-17, published  today (Thursday) by the Department for Work and Pensions, Adam Corlett, Senior Economic Analyst at the Resolution Foundation, said: “Today’s household income survey – the most comprehensive we have – shows that typical households saw solid income growth of 2 per … Continued

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Living standards are set to start rising again but just about managing families face three years of income stagnation

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Incomes and Inequality

Family incomes are set to start slowly rising again next year but low and middle income households risk missing out with three years of stagnating living standards lasting until 2020, according to the Resolution Foundation’s annual living standards outlook published today (Thursday). The report brings together the OBR’s latest economic forecasts with policy impact assessments … Continued

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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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