People on middle incomes face a high chance of being lower down the income distribution next year, due largely to unstable job markets, an analysis published from Professor Donald Hirsch at the Financial Fairness Trust and Eleni Karagiannaki from the London School of Economics, finds.
Lone parents are more likely to work than a decade ago, but even on middle incomes most of their jobs are now insecure. For singles without children on middle incomes, job insecurity has also grown.
The report highlights the importance of helping people on middle incomes to save. Increased income insecurity makes it all the more important to be able to save for a rainy day. But the report calculates that middle income households building rainy day and pension savings, while also paying back student loans and facing high housing costs, can be left with too little remaining income for an acceptable living standard today.
What’s sad is that only now things may change. Disabled, old and unemployed have been dying in their homes from exposure and starvation for years but not enough people care about them.
But when the middle class start hurting? Shit gets real.
This has been going on for years.
From starving students to emaciated pets: why are hunger and poverty the UK’s new normal? — (Opinion)
The Conservatives have taken pragmatic, everyday charity and kindness and used it to shore up the cruel state they have created
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Prepare for the revolution, canned food, safe back up water, neighbourhood security arrangements. If in a large city, have multiple escape vectors planned.
