Authors
Summary
This report explores how material living standards in the UK have evolved over the past few years. We use the latest official data, covering the years up to 2022–23, to describe key trends in incomes, poverty and deprivation during the pandemic and the cost-of-living crisis. We compare recent changes in household incomes with those seen during the immediate aftermath and subsequent recovery from the global financial crisis. We also describe two issues affecting measurement of poverty during the cost-of-living crisis and estimate their impact on official poverty statistics. Finally, we look at recent trends in pensioner incomes and inequality in the context of the past 20 years.
Subjects
Notes
Uses Understanding Society data (not Understanding Society - COVID-19 Study, 2020)