Stagnant wage growth is condemning lower-income families to flatlining living standards, a think tank has found
British families will not see their living standards improve significantly within their own lifetimes due to a historic collapse in income growth, a new report has found.
Living standards for lower-income families in the UK have grown by just 0.5% a year over the past two decades despite rising employment, think-tank the Resolution Foundation reported on Monday.
The figure suggests that at this rate, it would take 137 years for their incomes to double. That timeframe stands in stark contrast to the 40-year period prior to 2004-05…
Read the full article at RT.COM
