Cost of living crisis pushes 'squeezed middle' off the housing ladder

 

 

People on low to middle incomes are facing a “perfect economic storm”, which is cutting their living standards and dramatically reducing their ability to buy their own homes, new research will show this week.

The independent Resolution Foundation is to launch a major inquiry into living standards among the so-called “squeezed middle”, having identified economic trends – in existence since the 1970s – that have led wages for this income group to grow at a slower rate than the economy.

The foundation, which aims to improve the lot of 11.1 million people, will reveal evidence that home ownership is slipping out of the reach of those living in households with below-median earnings.

 

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