Yesterday, the Institute for Fiscal Studies predicted that, following a deep recession and tepid recovery, the median household income in 2021-22 is likely to be 18% lower than that which might reasonably have been expected back in 2007–08. That’s more than £5,000 a year lost per household. Few of us will be where we thought we might be 10 years ago.
But some of us are likely to fare much worse. The poorest 15% are expected to, on average, have … Read more