Monday, 16 August 2010

Minimum Income Standard outpaces Minimum Wage

via TAEN Site news. on 7/9/10

Updated research published by the Joseph Rowntree Foundation (JRF) has shown that it is getting harder for people on low incomes to meet a minimum standard of living.
The Minimum Income Standard (MIS) shows how much various households need in 2010 to reach a minimum acceptable standard of living, according to sample groups comprising members of the public.

The research (PDF 27pp) found that a yearly salary of £14,400 is the minimum a single person needs to achieve an acceptable standard of living; a couple with two children require a MIS of £26,900, far exceeding the adult national minimum wage of £5.80 per hour (equivalent to £10,556 for a single person).


TAEN post in full

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