UK Stuck in Decade of Stagnating Living Standards, Report Says
British household incomes are set to stagnate in the 2020s, according to a new report, making it the worst decade for living standards in the past 60 years.
A Resolution Foundation analysis found that a typical UK family is projected to receive a mere £300 ($409) boost — a 1% increase — in its real disposable income in the five years to 2030, after adjusting for housing costs. Household budgets whipsawed in the first half of the 2020s when the pandemic and the cost-of-living crisis were followed by a period of strong wage growth.
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