The findings of our latest report paint a stark picture of the state of the nation going into the pandemic, with rising child and pensioner poverty, and very high poverty rates for larger families and single-parent families, as well as Bangladeshi, Pakistani and Black families 📈
While we don’t yet have the official poverty data for the pandemic period, we know that the impacts of the pandemic were very uneven.
During the pandemic, people on the lowest incomes were most likely to see their earnings reduced if they were working and to get into debt 💷
While being in a working family does reduce the risk of being in poverty, it is by no means a guarantee.
Around a third of working-age adults in families where there is only part-time work are in poverty 1⃣/3⃣
However, out-of-work families are more likely to struggle as energy bills are expected to soar and inflation is forecast to remain high.
Many of these families cannot work due to their disability or caring responsibilities, which themselves increase the likelihood of poverty👩🦽
There are fears for the years ahead as the cost-of-living crisis gathers pace.
Low-income households have less of a buffer against rising costs, given they are less likely than other households to have savings🏠
The Government cannot stand by and allow the rising cost of living to knock people off their feet.🌊
Targeted support to help people on the lowest incomes to weather the next few months ahead will be essential
For a comprehensive look at the trends in poverty across all its characteristics and impacts, read our #UKPoverty2022 report in full, here 👇
Our state of the nation report into poverty in the UK reveals that 1.8 million children are growing up in very deep poverty, meaning family incomes are so low that they are completely inadequate to cover the basics.
Large numbers of children were living on low incomes for prolonged periods of time in the years running up the pandemic.
For many young children, this persistence of poverty means going without essentials is all they have ever known or can remember
📈Our analysis shows that households able to work the most hours gain the most from the National Living Wage rising and changes to the #UniversalCredit taper and work allowance.
❌However, rising living costs wipe out most of these gains
A couple with two young children, with one parent working full-time and one working part-time will be better off by £7 per week
.@KatieSchmuecker: "For those in work, the change to the taper rate and work allowance, alongside the National Living Wage increase, are very positive steps, allowing low-paid workers to keep more of what they earn."
.@KatieSchmuecker: "But the reality is that millions of people who are unable to work or looking for work will not benefit from these changes. The Chancellor’s decision to ignore them today as the cost of living rises risks deepening poverty among this group."
At today’s Treasury Questions a number of MPs across the political spectrum expressed their concern at the impending cut to #UniversalCredit.
In response, Chancellor @RishiSunak said that he doesn’t accept that people will be forced into poverty as a result of the cut
Our analysis has shown that the cut to #UniversalCredit risks plunging 500,000 people into poverty including 200,000 children.
The cut will also pile unnecessary financial pressure on around 5.5 million families, both in and out of work.
Social security plays a vital role in our society, not just during a national crisis but every day.
Families across the country have shared how the impending cut will impact them. Their bills won’t get cheaper on October 6 news.sky.com/story/we-keep-…