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The Financial Fairness Foundation has a new report out this morning of which they say:
This paper outlines key findings from Caught in the middle? Insecurity and financial strain in the middle of the income distribution by Professor Donald Hirsch. Professor Hirsch’s new research considers the multiple pressures faced by people in different income bands, and particularly those in the middle of the distribution(the middle fifth of households ranked by income, adjusted for household size), that affect their ability to maintain a decent standard of living.
They note that:
They then add:
From, this they conclude:
And you now wonder why I think the Taxing Wealth Report 2024 is important with its emphasis on redistribution of income?
When the middle class is being gutted by the economy the Tories have created we are in trouble, and that is exactly what is happening.
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