Wages failing to keep up with minimum income standards – are you earning enough?

The Joseph Rowntree Foundation has revealed how much households need to earn for a minimum standard of living

person checking calculator
(Image credit: Getty Images/Teera Konakan)

Rising food, travel and childcare costs have pushed up the minimum level of income needed for a “socially acceptable” living standard, research suggests.

Households have been hit hard by high interest rates and inflation in recent years, which has pushed up bills.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.