Seven key facts about UK living standards
An Institute for Fiscal Studies briefing setting out seven facts about what has happened to UK incomes, inequality, poverty, jobs and pay since 2009 and since 2019, and how the UK compares internationally. It documents an extended period of weak growth: median real household income rose just 6% from 2009–10 to 2022–23 against a historical trend of around 30% over thirteen years, income growth at the top was even weaker (1.5% at the 90th percentile), average real pay in 2023–24 was only 3.5% above its 2009–10 level, and the UK slipped from one of the fastest to one of the slower income growers among developed economies.