Families in Britain are 20,000 worse off than 20 years ago, report warns

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"A typical household today would be 20,000 richer had incomes continued at the rate of growth trending in 2005, the findings from the Resolution Foundation show. The influential think tank finds that incomes for working-age families have grown only seven per cent over the past 20 years. Meanwhile, essentials like energy, food, and rents have risen by as much as 120 per cent over the same period."

The Independent covers reproductive rights, climate change and Big Tech and sends reporters to developing stories. The organisation investigates Elon Musk's pro-Trump PAC and produced the documentary 'The A Word' about American women fighting for reproductive rights. The outlet avoids paywalls and requests donations to fund on-the-ground reporting and to present both sides. The Resolution Foundation finds British families are tens of thousands of pounds worse off after two decades of sharply declining living standards. Typical household income would be £20,000 higher had 2005 growth trends continued. Working-age family incomes rose seven per cent over 20 years while essentials like energy, food and rents rose by up to 120 per cent. Pensioner incomes rose 21 per cent and owner-occupier incomes rose 14 per cent.

Read at www.independent.co.uk