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Income distribution, poverty and inequality.
Analysing government fiscal forecasts and tax and spending.
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Reforming the tax system for the 21st century.
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Type: IFS Press Releases Authors: James Browne
Related report: Living standards during the recession
Over the long run, the income of the median (middle) UK household has increased by about 1.6% per year on average after taking account of inflation. So over a typical three year period real incomes would rise by about 5%. However, new IFS research published today estimates that in the three years from 2008 to 2011 real household incomes will in fact have fallen by 1.6%, or £360 a year. So households are likely to be about 6% worse off than they might have expected had incomes risen in the normal way. This research was funded by the BBC and the ESRC Centre for the Microeconomic analysis of Public Policy at the IFS. Search |
 View all IFS Press Releases in the series
Recent IFS Press Releases
New study recommends test scores should be age adjusted to ensure fair comparisons
New research published today provides fresh evidence on the extent to which their month of birth continues to affect individuals throughout their lives.
Public finance bulletin: April 2013
IFS analysis of this month's public finance figures.
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