Treasury insists Britons benefiting from growth
THE TREASURY insisted yesterday that compensation for workers in the UK is still closely linked to output, adding to debate over the cost of living in the lead up to the Autumn Statement. A new paper...
View ArticleLiving standards improving in ways difficult to measure
Are you better off now than you were 10 years ago? For middle-class Americans, a common answer to this version of Ronald Reagan’s old question is No. Nor are they optimistic about the future. The...
View ArticleWorkers' overall pay has not fallen, insists George Osborne
Chancellor to make claim despite figures showing middle-income family wages have dropped £5,000 over past five years George Osborne is attempting to combat figures from the ONS with his own statistics...
View ArticlePensioners fare better than working households says ONS
The Office for National Statistics has released figures that show incomes have risen for older householders but fallen for working families since the economic crisis began. The figures add to evidence...
View ArticleBritish wage-earners have taken £5,000 pay cut in five years, figures show
Government figures will fuel debate about living standards before 2015 general election The figures show the squeeze on household income came before the start of the recession in 2007. Photograph: Rui...
View ArticleMore disposable income for the retired but less for everyone else
Since the financial crisis the amount that the average household has left to spend after taxes has dropped, except for the retired, who have seen their incomes keep on rising Get the data The...
View ArticleRetiree incomes hit least hard by weak economy
WORKING incomes have been hit much hardest by the UK’s economic torpor since the financial crisis, while pension income appears to have weathered recession and...
View ArticleTesco boss tells George Osborne: 'Families are still in financial pain'
Chief executive Philip Clarke told how “declining real incomes” — as the cost of living rises faster than wages — and shocks such as the recent jumps in energy bills are forcing customers to rein in...
View ArticleHouseholds have reined in Christmas spending during slump, figures show
Expenditure in last months of 2012 was no higher than in 2006, says UK's Office for National Statistics Christmas shoppers on Oxford Street in London. Photograph: Graham Turner for the Guardian...
View ArticleWorrying trends for the UK economy
The British economy is recovering with an eye-catching improvement in GDP growth. But the fine print in the forecasts from the Office for Budget Responsibility (OBR) point to worrying trends in what's...
View ArticleGrowth of in-work poverty means government is overspending billions on...
(Source: TUC - Trades Union Congress) The rising number of working people living in poverty is causing the government to spend billions more than planned on social security, according to a new TUC...
View ArticleOsborne 'used questionable statistics' to back up claim households are...
Related Articles Autumn Statement impact: 'We may never retire' 06 Dec 2013 Osborne: 'System would have collapsed without my pension age rise' 06 Dec 2013 Chancellor accused of 'cashing in' by raising...
View ArticleStudy: As Incomes Stagnate, Rents Rising Quickly
Rents grew by 6 percent annually between 2000 and 2012, while incomes fell by 13 percent Comment () Tweet About 28 percent of all renters spent more than half their incomes on rent in 2011, according...
View ArticleRich get richer, poor left behind
The number of Manawatu residents bringing in six-figure salaries has risen since the last census, but the increase to the median wage has not kept pace with inflation. Statistics from recently...
View ArticleTed Deutch: Social Security needs bolstering, not cuts
Saving enough to retire has become impossible for most Americans. U.S. Census data indicates that even as health care, education and housing costs have soared, average working families earn less today...
View ArticleSocial Security needs bolstering, not cuts
Saving enough to retire has become impossible for most Americans. U.S. Census data indicates that even as health care, education and housing costs have soared, average working families earn less today...
View ArticleInequality Hits People Hardest At Worst Possible Moment, In 1 Chart
The growing gap between rich and poor affects all of us, but it's hammering middle-aged Americans the most, with dire implications for their ability to save for retirement. The rise in income...
View ArticleSIS 2013: 74.1% of women aged 25 to 29, neither studying nor working, have...
(Source: IBGE - Brazilian Statistical and Geographic Institute) SIS 2013: 74.1% of women aged 25 to 29, neither studying nor working, have at least one child The Synthesis of Social Indicators (SIS)...
View ArticleColumn: Why minorities are losing the retirement race
CHICAGO (Reuters) - The issue of retirement inequality has caught fire in Washington, D.C., and a report issued this week throws a new log on the flames. The report zeroes in on the appalling gap in...
View ArticleAusterity budgets hit highest paid hardest
The austerity budgets of the 2009 to 2014 period hit high-income households hardest, a report from the Economic and Social Research Institute (ESRI) has found. The report, Distributional Impact of...
View ArticleIreland Struggles On Brink Of Bailout
13 December 2013, 6:26 Ireland Struggles On Brink Of Bailout Tweet There's a recurrent question that's hard to bat off when you visit Ireland and speak to the families who have had to bear the burden...
View ArticleBritain’s great wage squeeze ends at last
EARNINGS grew at the fastest pace since the financial crisis this year, while inflation dipped to the lowest level since 2009, putting the end of the UK’s long wage squeeze in sight. Figures released...
View ArticlePension rip-offs: the solution being hidden from savers
Related Articles Pensioners are being 'burgled' by insurers on annuities 09 Dec 2013 Proof: why annuities are often the worst option 30 Sep 2013 The biggest annuity swizz? The 'super-fit' pensions...
View ArticleRetirement plans attacked for 'savings inequality'
NEW YORK – A report by the Washington-based National Institute on Retirement Security that found a significant racial disparity in retirement savings among working-age households appears to be setting...
View ArticleNumber of college graduates employed in economy rises throughout recession
The number of college graduates employed in the economy has risen in each of the last six years despite the economic downturn. According to research from the Economic and Social Research Institute,...
View ArticleIncome Inequality Is Hurting The Economy, 3 Dozen Economists Say
WASHINGTON (AP) — The growing gap between the richest Americans and everyone else isn't bad just for individuals. It's hurting the U.S. economy. So says a majority of more than three dozen economists...
View ArticleDid Someone Say “Crash”?
Guess who’s investing in America’s future? Nobody, that’s who. Just check out this excerpt from an article by Rex Nutting at Marketwatch and you’ll see what I mean. The article is titled “No one is...
View ArticleBorn after 1960? You're probably poorer than your parents
Survey finds living standards for those considered to be in the prime of their working lives now dependent on inherited wealth Ed Miliband has made the issue of living standards the focus of his...
View ArticleBorn after 1960? Then you're probably poorer than your parents
The political row over falling living standards was stoked on Tuesday as it emerged that earnings-squeezed and pension-poor Britons born in the 1960s and 70s need inherited wealth to be better off in...
View ArticlePoorer than your parents - post-war pensions boom 'is coming to an end'
Related Articles Old age care costs means millions will leave nothing to children 26 Dec 2012 Pensioners face paying up to £72,000 for care in old age 20 Mar 2013 Pensioners face care bill of £150,000...
View ArticlePost-war pensions boom 'is coming to an end'
Related Articles Old age care costs means millions will leave nothing to children 26 Dec 2012 Pensioners face paying up to £72,000 for care in old age 20 Mar 2013 Pensioners face care bill of £150,000...
View ArticleIncome rise of NOK 15 000 (SSB - Statistics Norway)
(Source: SSB - Statistics Norway) Median after tax income was NOK 446 000 for all households in 2012. This was a growth of NOK 15 000 in real terms from the previous year. Income after tax for...
View ArticleU.S. income gap is holding back growth
WASHINGTON – The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. So says a majority of more than three dozen economists...
View ArticleWhat good's a job-rich recovery if the workers stay poor?
George Osborne's answer to the weakness of British wages is to deny that the problem exists Packers at work at Amazon, Milton Keynes. Many British workers live a low-paid, helpless existence....
View ArticleExploding the myth of the ‘squeezed middle’
Next year’s budget will, superficially, be free of bailout restrictions. It may or may not conform to the planned adjustment of another €2+ billion. The headline figure for the net impact is always...
View ArticleEconomists says income inequality hurting U.S. economy
It’s hurting the U.S. economy. Photos Join the Discussion So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that has...
View ArticleNo, the average U.S. household hasn't recovered its wealth
The hands-down winner for most misleading trope of the day goes to the notion that U.S. households have now recovered all the wealth they lost during the recession, and their net worth is now at a...
View ArticleAmericans Won't Be Easily Reassured About the Economy
Some political analysts suggest the encouraging economic numbers released last week are a sign that the economy is improving enough to diminish the anti-incumbent mood that has seemed likely to become...
View ArticleOur standard of living is better than we think
Are you better off now than you were 10 years ago? For middle-class Americans, a common answer to this version of Ronald Reagan’s old question is no. Nor are they optimistic about the future. The...
View ArticleGrowing income gap hurts economy, say economists in survey
Jae C. Hong | Associated Press The income gap hurts the economy because, economists say, the rich spend less of their income than the larger population of low- and middle-income consumers. WASHINGTON...
View ArticleAP survey: US income gap is holding back economy
WASHINGTON • The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. So says a majority of more than three dozen economists...
View ArticleThe 13 Most Important Charts Of 2013
This post originally appeared on EPI.org As we say goodbye to 2013, the economy is still failing ordinary workers. What is being done to make it better? Not enough. Public spending and public...
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