Life can be expensive and always seems to be getting more expensive! When we read about the official price inflation figures in the press, it’s sometimes difficult to tally these with our personal experience of rising prices for goods and services. After years of rising price inflation and static wages, many families are facing cutbacks as they struggle to cope with what has become a crippling cost of living. Some new research has shown that low-income families need a third more disposable income than they needed a decade ago, just to make ends meet.
Coping with the crippling cost of living
This 1,121 word blog post looks at new research from the Joseph Rowntree Foundation and Centre for Research in Social Policy at Loughborough University into a Minimum Income Standard and the rising cost of meeting essential living costs over the past decade. Written on 9th July 2018.