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Elderly see incomes rise, whilst young adults see large falls

Press release

The incomes of those in their 60s and 70s have continued to rise since the recession. In contrast, median (middle) income among peoploe in their 20s fell by 12% between 2007-8 and 2011-12, after adjusting for inflation- the largest fall of any age group.

These among the findings of a new report by IFS researchers published on 14 June 2013: Living Standards, Poverty and Inequality in the UK: 2013, funded by the Joseph Rowntree Foundation. The research is based on the government's Households Below Average Income data, an analysis of which was published om 13 June 2013 by the Department for Work and Pensions.

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Report
The official statistics on the distribution of income and the extent of poverty in the UK in 2011-12 were released on Thursday 13 June 2013. Analysis in this report uses the underlying data.