Britons working harder for less' as living standards see historic slowdown
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Britons working harder for less' as living standards see historic slowdown
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"Research from the influential Resolution Foundation think tank has found that it would take more than a lifetime 137 years for lower-income families to see the doubling of living standards previously enjoyed every 40 years. This has been driven by slowing growth, researchers say, as people are working harder but seeing their incomes stagnate nonetheless. From the 1960s to the mid-2000s, the disposable income of working-age families doubled, the report finds, growing 1.8 per cent a year."
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A news outlet requests donations to fund on-the-ground reporting across issues including reproductive rights, climate change, and Big Tech, and avoids paywalls so reporting remains free to readers. Investigations and documentaries, such as a film spotlighting American women fighting for reproductive rights and probes into political PAC finances, are cited as examples of reporting enabled by donations. A Resolution Foundation report warns that lower-income families now face the slowest income growth in decades, with living standards projected to double only every 137 years rather than every 40. Disposable income growth slowed from 1.8% to 0.5%, and in-work poverty rose to 55% of households in poverty.
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