UK:Huge rise in poverty

Discussion in 'Economics' started by Grandluxe, Oct 11, 2011.

  1. UK seeing a big rise in poverty, says IFS
    By Sean Coughlan
    BBC News education and family correspondent
    11 October 2011 Last updated at 12:20

    Falling incomes will mean the biggest drop for middle-income families since the 1970s, says a report from the Institute for Fiscal Studies.

    The IFS forecasts two years "dominated by a large decline" in incomes, pushing 600,000 more children into poverty,

    The IFS says that in 2010, 2.5 million children and 2.1 working-age parents were living in "absolute" poverty.

    But it warns that in the next two years poverty levels will get worse.

    By 2013, the IFS predicts the number of children in absolute poverty will rise by 600,000, peaking at 3.1 million, along with 2.5m working-age parents and four million working-age adults without children.

    Welcome to the new western civilization.
  2. m22au


    Is there any way you can edit your post?

    As it stands now, "UK:Huge rise in poerty" looks it could be both "poetry" and "poverty"
  3. Yeah i tried...didnt press my v key hard enough..cant do it anymore. sorry.
  4. But that's a Socialist state, so the "State" pays for your housing and food and medical care...right?
    That's poverty?
  5. zdreg


    "western civilization" welcome to the caliphate.
    I bet that moslem immigrants won't be going home.
  6. TGregg


    Fixed. :)
  7. S2007S


    45,000,000 Million here in the US live in Poverty and its not going away anytime soon!!!!!

  8. ???

    made you look.......:D
  9. jem


    It depends on how you define poverty... doesn't it.
    I argue that anyone who has to work full time is impoverished and those who have enough handout money for flat screens and cell phones while not working are rich.

    there needs to be a balance and it needs to be less govt money and more minimum wage type work being done to qualify for the money.
    #10     Oct 11, 2011