“Two million more people are on incomes considered too low to have an “acceptable” standard of living compared with 10 years ago, new research has found.
A study by Loughborough University suggested three quarters of lone parent families had earnings too low to meet their minimum needs – up by 65% since the financial crisis in 2008.
And the number of single women in their early 60s – a group affected by an increase to the state pension age – living below the minimum standard of living was found to have doubled in the last decade.
The University’s Centre for Research in Social Policy (CRSP) conducted the research as part of its Minimum Income Standards programme, which calculates the minimum budget individuals require to cover their material needs and to participate in society.
Its findings suggested that, compared to 2008, two in five women aged 60-64 who live alone have incomes too low to meet their minimum needs, up from one in five. …”
East Devon Watch 