The Institute for Fiscal Studies (IFS) report Living Standards, Poverty and Inequality in the UK was published in July 2016.
The focus of this report is the distribution of household income in the UK. It assesses the changes to average incomes, income inequality and poverty that occurred in the latest year of data (2014–15), and put these in historical context using comparable data spanning the last 50 years.
The report’s findings include:
The ‘new poor’ tend to live in households where there is someone in work. Only a third of children below the government’s absolute poverty line now live in a workless household – two thirds of those classified as poor are poor despite the fact that at least one of their parents is in work.
The report was funded by the Joseph Rowntree Foundation.