Skip to main content
Report

Will the 2015 Summer Budget improve living standards in 2020?

Since 2008, research on the Minimum Income Standard (MIS) has identified what different household types need for a minimum acceptable living standard, based on what goods and services members of the public say are needed. This study projects the disposable incomes of households on out-of-work benefits and minimum wages, comparing them with MIS between 2010 and 2020.

Written by:
Donald Hirsch
Date published:

The report estimates:

  • how far various types of non-working household will fall short of meeting a Minimum Income Standard in 2020, compared with 2010 and 2015;
  • how the income of households where people work full-time on minimum wages will compare to this standard in 2020, compared with 2010 and 2015;
  • the influence of public policy and inflation rates on these results.

Do you earn enough? A calculator lets you compare your income to MIS.