Irregular Payments: Assessing the breadth and depth of month to month earnings volatility

This groundbreaking piece of research addresses the question of earnings volatility, unearthing some striking findings about the lived experience of work – and the pay we receive for it – in the UK today. Up until now, our understanding of volatility in earnings over time has been limited to changes in pay from year to year.

This report therefore makes use of anonymised transaction data from over seven million Lloyds Banking Group (LBG) accounts in order to demonstrate the breadth and depth of changes in pay from month to month.