Britain's tax wedge, which estimates total taxes on labour paid by employees and employers, minus cash benefits received by working households, increased by 2.45 percentage points last year, the most in the OECD.
"There are very real economic forces that are limiting the options for non-college-educated men in the United States. Some of what we're seeing is simply rational responses to a system that's pricing them out."
Luna Rosado, a single mother, has seen her gas expenses rise by $40 weekly due to a 30 percent increase in prices after the war in Iran. This has resulted in $160 less for groceries and other necessities each month, forcing her to constantly adjust her budget.
"The wealthy who are at financial risk are high earners whose lack of budgeting and profligate spending has them overleveraged and exposed. While they appear to be doing well from the outside, they are only a step away from real financial trouble."
According to the institute's research professor, Jari Hakanen, working life in Finland is facing challenges posed by four negative trends. Workloads have increased, resources have declined, expectations for the future have become more uncertain, and at the same time, workers are increasingly getting burnt out.
Cash transforms health when four particular conditions are met. Most U.S. cash-transfer pilots have lacked them. But one major American policy does come close: the federal food-assistance program SNAP. Its success offers a road map for what effective cash assistance can look like in this country, if we choose to build on it.
If a world without work is paradise, why are its architects still working? Our ability to create has exploded, but our ability to feel meaning in what we create has collapsed. Billionaires tell us AI will free us from work, but they still show up to the office. That's the clue we're ignoring. The danger isn't job loss, it's loss of purpose. As friction disappears, so does the proof that our actions matter. And without those tiny moments of impact, we don't become liberated.
The assumption that state-backed pensions are permanent and guaranteed is increasingly fragile. They depend on demographics, economics and political choices, all of which are changing. According to Congruent Solutions, by 2050, there are projected to be 52 people aged 65 and over for every 100 people of working age, up from 33 in 2025 - meaning fewer contributors will be supporting more retirees.
Growing up outside Manchester, I remember watching my mum count out exact change at the supermarket checkout, keeping a running total in her head as she shopped. Meanwhile, my university roommate would just toss things in his trolley without a second thought. That's when it hit me: Financial security isn't just about having money. It's about the mental space that money creates.
The UK's poorest families are getting poorer, with record numbers of people classed as in very deep poverty meaning their annual household incomes fail to cover the cost of food, energy bills and clothing, according to analysis. Although overall relative poverty levels have flatlined in recent years at about 21% of the population, life for those below the breadline has got materially worse as they try to subsist on incomes many thousands of pounds beneath the poverty threshold.
Between 1978 and 2024, chief executive pay spiked by 1,094%, according to the Economic Policy Institute—which means the average CEO earns 281 times the average worker. A new report from the Institute for Policy Studies captures how this disparity persists across some of the largest companies in the country and how the low-wage workers they employ are forced to rely on public benefits.
