Topic updates
JRF launches new Minimum Income Standard
3rd July 2018
What do the public think people need to earn to reach acceptable living standards? The Joseph Rowntree Foundation has launched their new minimum income standard and find that minimum household budgets have risen by about a third since 2008 for most household types, and a half for pensioners, compared to a 25% rise in the Consumer Prices Index.
The report arrives at an opportune moment as concerns deepen about the extent of in-work poverty in the UK and worries over the impact of Universal Credit.
Check out their minimum income calculator here
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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