UK living standards
- Stagnation ahead: Median household incomes (after taxes, benefits, pensions, housing costs) set to rise just 1% more than inflation by 2029–30.
- Low‑income families: Will likely see incomes fall by 1% due to a squeeze on benefits.
- Mortgage holders: Incomes down by 1% amid higher interest rates.
- Homeowners: Incomes to rise by 3%.
- Pensioners: Biggest gainers with incomes rising by 5%.
- Families with children: No income growth expected (UK living standards).
- Policy shift? Ending the two‑child benefit limit could help low‑income families, though PM Starmer has yet to confirm.
Caveat: Faster economic growth could improve these outlooks, says Resolution Foundation economist.
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