<p>The UK recently experienced its worst recession for over sixty years, and large falls in GDP were seen across many other developed countries. As part of a new cross-country study commissioned and supported by the Fondazione Rodolfo Debenedetti, IFS researchers have examined the effects of this recession on UK households. This is one of the first studies to look at the effects of the 'Great Recession' on the distribution of living standards, and to do so in comparative perspective across countries.</p>