Living standards, Poverty and Inequality in the UK in 2016

Which households have gained and lost since the Great Recession? The Institute for Fiscal Studies have launched a new report on the impact of the years since the global financial crisis on living standards and inequality for households in the UK.

Our friends at Econ Films are behind this short film which tracks the key findings from the survey and which explain each of the main indicators really clearly for students. The IFS finds that older households have gained most in recent years whereas incomes of the young are still 7 per cent below 2007 levels.