Am annual survey by Joseph Rowntree Foundation confirms what our cost of living survey showed: People are giving up buying even basics including clothes in an effort to keep up with expenses. costofliving
Soaring inflation and energy costs will leave millions of people on low incomes thousands of pounds short of what the public say is the minimum amount needed to live with basic dignity in the UK this winter, according to an annual survey.
It reveals that even factoring in the government’s existing cost of living support package, a single adult without children working full-time on the national minimum wage will make nearly £7,000 less than the £25,500 they would need on an annual basis to fund a basic decent standard of living. A couple working full-time on the national minimum wage who have two young children will make £6,200 less than the income standard of level of £43,400 needed to reach the basic living standard for a household of their size and composition.The gap is even wider for households reliant on social security: a single working-age adult with no children would receive 32% of the minimum income needed for a decent standard of living, even after existing Treasury cost of living support.
Abigail Davis of Loughborough University, a co-author of the study, said: “As prices continue to rise well ahead of incomes, the reality is that more and more people are going to be focused on survival – keeping a roof over their heads, putting food on the table, and keeping their homes warm – and will fall well short of reaching this minimum living standard.”publishes the annual survey
, said: “In order to move us closer to a society where fewer people fall below the minimum income standard, the government must reform our social security system to ensure everyone can afford the essentials and, more broadly, what the public think is needed to live in dignity.”
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