In the News

How the cost of living crisis is widening child poverty

Graham Watson

14th July 2022

More evidence is emerging this week about the impact of the cost of living crisis on relative poverty among households and across regions

Cost of living crisis and widening regional inequalities

A new Centre for Cities study highlights the fact that the effects of the cost of living crisis has worsened regional inequality.

Not only are energy costs higher in the North, but the general level of inflation is also higher in the North too. So much for levelling up.

Their report can be found here

IFS highlights climb in child poverty since 2010

Who would have thought it - austerity since 2010 has meant that relative poverty among larger families worsen at a significantly faster rate than among other groups, such that it reached 31% in 2019. This is a key finding from this IFS research.

Relative poverty occurs when people have an income below 60% of the national median income.

We have linked below to the IFS video presentation - Living standards, poverty and inequality in the UK: 2022

More on inflation - US prices rising at fastest rate for 40 years

This clip looks at how inflation is hitting the US economy, and the finances of the ordinary consumer. Inflation is currently at over 9%, which has fed through into higher factor costs and higher prices for the final consumer.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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