The number of working poor in the UK has increased by 500,000 to a total of four million in the last five years, says a new report by a charity.
According to the report by the Joseph Rowntree Foundation (JRF), about one in eight workers in the in the economy are now classified as poor.
The rise in poverty is driven by a weak wage growth, an erosion of welfare support and tax credits and the rising cost of living says the report.
— Joseph Rowntree Fdn. (@jrf_uk) December 3, 2018
During the same period, half a million more children have also fallen into poverty, meaning three out of ten children in the country are poor.
The report defined households that earn less than 60% of the median income — which was £425 a week (£22,100 a year) in 2016-17 — adjusted for size and type of household, as poor.
Solving poverty is prerequisite for boosting social mobility says @KatieSchmuecker of @jrf_uk Poverty damages children’s prospects & holds back potential. One solution: encourage more employers to pay national Living Wage: good for them, their staff & families #IPPRSocialMobility
— IPPR (@IPPR) December 3, 2018