The Resolution Foundation said typical family incomes have grown by just £140 a year since 2010.
The Resolution Foundation said economic shocks and sluggish growth have resulted in typical real non-pensioner household disposable incomes growing by 0.5% a year since 2009-10
Incomes have grown by 7% over the 14-year period, while income growth over the 14 years prior to 2009-10 stood at 38%, according to the research. Between 2009-10 and 2023-24, the poorest fifth of households saw their incomes grow by 13% – higher than the 7% increase for typical households, the Foundation found.This is partly explained by cost-of-living payments last year, as well as the UK’s strong employment performance, it said.
Lalitha Try, an economist at the Resolution Foundation, said: “Britain is finally emerging from the cost-of-living crisis.
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