income

Unemployed people receive only half the income they need

Fri, 28/06/2013 - 16:18 -- nick

Unemployed people without children receive only half the income they need to live a basic life, according to the Joseph Rowntree Foundation (JRF).

The anti-poverty charity also says that those with children receive a third less than needed, forcing more young people into poverty.

The report shows that single people need to earn at least £16,850 a year before tax in 2013 for a minimum acceptable living standard, while couples with two children need to earn at least £19,400 each.

High unemployment leads to big drop in young people's income

Fri, 14/06/2013 - 11:05 -- nick

High unemployment and low wages have lead to a big drop in income for young people in the UK.

A report by the Institute for Fiscal Studies (IFS) has found that shrinking benefits, unemployment which peaked at over 1 million and wages which have been rising at a slower rate than inflation have all meant that those aged under-25 have seen an average drop of 12% in their incomes since 2007.

This was the biggest decrease faced by any age group over the course of the economic downturn.

Families need £36,800 to live acceptably, study says

Tue, 10/07/2012 - 00:25 -- nick

A couple with two children now need to earn £36,800 a year to have a "socially acceptable" standard of living, an anti-poverty charity says.

The Joseph Rowntree Foundation said its annual minimum income study suggests families must earn a third more than in 2008, to live within social norms.

Rising childcare and transport costs, combined with cuts to benefits, have hit families hard, it added.

The government said it was committed to helping the UK's "most vulnerable".

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