Building a living pension

Closing the pension savings gap for low to-middle income families


The Living Wage has been successful in providing a focus on the living standards of low-paid workers and increasing pay for many lower-paid employees. However, there has been much less of a focus on the future living standards of the same group. A ‘Living Pension’ could help us understand the savings required today to provide … Continued

The long and winding road

The introduction and impact of Universal Credit in Liverpool City Region and the UK


Universal Credit (UC) – the fundamental re-design of Britain’s welfare system involving merging six benefits into one – is an enormous undertaking. This report reviews both the national UC picture and the experience in Liverpool City Region in particular.

Back in Credit?

Universal Credit after Budget 2018


This briefing note focuses on the implications of recent changes to Universal Credit – in particular the £1,000 increase in work allowances announced in Budget 2018 – for the number of winners and losers from the switch to this new benefit system, for its generosity and for its impact on work incentives.

A welfare generation: lifetime welfare transfers between generations


This paper updates John Hills’ seminal research on life-cycle welfare transfers between generations. It estimates the extent to which past and future cohorts contribute to the welfare state via taxation and withdraw from its core pillars – education, health and social security – over the course of their lifetimes.

Living standards
Political parties and elections

Still just about managing? Pre-election briefing on the main political parties’ welfare policies


Our pre-election series of briefing notes have so far centred on the main parties’ approaches to deficit reduction and to tax. To complete the fiscal ‘set’ we must also consider their take on welfare. This note explores future welfare challenges for an incoming government and examines the extent to which the differing party commitments might … Continued

A mid-life less ordinary? Characteristics and incomes of low-to-middle income households age 50 to State Pension age


This report provides an insight into the financial situation of those older low to middle income households highlighting the living standards challenges they face, some unique to this group but others shared by all working-age households. In doing so it aims to provide better understanding of the characteristics of older low to middle income families … Continued

Live long and prosper? Demographic trends and their implications for living standards


People are living longer. This is good news of course. A longer life is in and of itself a boost to living standards for individuals and reflects a more prosperous society. But it raises challenges too. For the individual, living longer creates a need for greater lifetime income to sustain a given standard of living. … Continued

Under New Management: options for supporting ‘just managing’ families at the Autumn Statement


The new Prime Minister has been very clear in her determination to put the interests of ‘just managing’ families at the heart of her government, but she has inherited tax and benefit plans which are set to lower incomes for many in the group over the remainder of the parliament. With post-EU referendum revisions to projections for … Continued

Hanging on: the stresses and strains of Britain’s ‘just managing’ families


New governments have no record on which to be judged, meaning that a great deal of emphasis is placed on what they say. Our new Prime Minister has made it clear that her government will focus its attention on working families with relatively low earnings – those who are ‘just managing’. That approach has been … Continued

Living Standards 2016: The experiences of low to middle income households in downturn and recovery


This is the Resolution Foundation’s seventh annual state of the nation report on living standards, and it is testament to the depth of the downturn that has gripped households since the financial crisis hit that average incomes only just appear to be returning to the level they were at when we published the first one in the series. In … Continued

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