The Living Standards Audit 2018

Every year the Resolution Foundation publishes an ‘audit’ of living standards in the UK. As part of this we estimate how household incomes have performed over the past year, producing a ‘nowcast’ of the figures before the official data is released. In addition this, this year we have taken a look at the under-reporting of benefit income in the official survey data, correcting this under-reporting (as we have done) has big implications for our understanding of living standards.