Squeezed Britain

This report focuses on a group that makes up nearly one third of working-age households in Britain. Overwhelmingly in work, these households nevertheless manage on relatively modest incomes, leaving them susceptible to something as simple as an unexpectedly large fuel bill. While the most affluent households have seen a steady improvement in their incomes, low to middle income (LMI) households have seen only small gains since 2003. Many households move in and out of the LMI group from one year to the next but around a third remain ‘stuck’ over the longer term, finding themselves in the group over a 15 year period. (Resolution Foundation, 2012)

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