Unhappy families: Big hits in living standards for typical households
Wages failing to keep up with inflation, tax and benefit changes and cuts in public services all combined are going to dramatically reduce the living standards of many British families by 2013, according to our latest research.
In Unhappy Families, the first analysis of this ‘living standards gap’, we’ve looked at the effect on four typical British families, and found their living standards are set to be hit by between 6% and 10%. Have a look at the headline results we’ve found for our families:
Living standards have fallen more than at any time since the 1970s. The wrong people are now set to pay the price for what went wrong over thirty years, coupled with the coalition’s naive belief that a programme of cuts can put right the damage in just four years.