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RICHARD FARMER

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Journalist and wine maker
Articles Posted: 416  Links Seeded: 2428
Member Since: 8/2006  Last Seen: 5/22/2012

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Office for National Statistics reveals first drop in family income for 30 years

Seeded on Tue Mar 29, 2011 8:34 PM EDT
Read ArticleArticle Source: Telegraph
world-news, economy, britain, living-standards
Seeded by Richard Farmer
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Family incomes after tax and adjusted for inflation fell by 0.8 per cent during 2010, the biggest fall since 1977 and the first reduction for 30 years, the Office for National Statistics (ONS) reported yesterday.
Millions of workers have had their salaries frozen but are paying more for essentials, such as food and fuel. Official forecasts have warned that the squeeze on living standards is likely to last until 2013.

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  • Public Discussion (1)
rougy77

So when does this whole "trickle down" thing kick into gear?

    Reply#1 - Tue Mar 29, 2011 9:07 PM EDT
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