Posted 2/20/2024, 7:36:00 AM
UK's Middle Class Struggles to Maintain Living Standard Despite Decent Incomes Due to Insecure Jobs, High Housing Costs
- UK's insecure jobs and high housing costs lead to struggling middle class despite decent incomes
- Study shows 1 in 3 chance of middle income earner falling out of that income bracket year to year
- Precarious nature of work makes it hard to maintain living standard even on £60K household income
- Measures needed to improve employment security and protections for private renters
- Childcare costs rising faster than earnings, while pensions becoming more important
