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The Independent UK
The Independent UK
Albert Toth

Families in Britain are £20,000 worse off than 20 years ago, report warns

Britain Rachel Reeves Ruth Curtice United Kingdom Economy Foundation The Resolution Foundation

Families in Britain are tens of thousands of pounds worse off due to two decades of sharply declining living standards, a damning new report have revealed.

A typical household today would be £20,000 richer had incomes continued at the rate of growth trending in 2005, the findings from the Resolution Foundation show.

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