Resolution Foundation: British Lower-Income Households Face Long Wait for Improved Living Standards

A recent analysis by the Resolution Foundation reveals that a typical lower-income British household would need 137 years to see its living standards double. Bloomberg posted on X, highlighting that this duration is over three times longer than it has been historically. The report underscores the challenges faced by lower-income families in achieving economic growth and improved living conditions. The findings point to a significant slowdown in the rate at which living standards are improving for this demographic, raising concerns about economic inequality and the effectiveness of current economic policies.