Over time, changes in prices affect the cost of a minimum standard of living (MIS), and changes in social norms change the “minimum” that is required. This study considers both of these, and updates the MIS budgets to April 2011.
This report shows:
- what incomes different family types require in 2011 to meet the minimum standard; and
- how much the cost of a minimum household budget has risen since the last update in 2010.
The research describes how people on lower incomes are feeling the squeeze caused by a combination of sluggish income growth, relatively rapid price increases, and tax and benefit changes.
Summary (PDF 4pp 0.2MB)
Full report (PDF 29pp 0.4MB)
E-book (PDF 29pp 0.5MB)
Summary (PDF 4pp 0.2MB)
Full report (PDF 29pp 0.4MB)
E-book (PDF 29pp 0.5MB)
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