Swelling ranks of the UK’s pensioners joining middle earners have pushed median up,says IFS studyMiddle-lesson households in the UK have seen their incomes grow more strongly than those at the top and bottom ends of the earnings scale during the years since the financial crash, according to the Institute for Fiscal Studies.
Between 2012 and 2017, or the average income increased by 8% after taking into account inflation. For those in the bottom 10% of earners and those in the top 10%,incomes increased by just 4%, as those at the bottom were hit by benefit cuts and those at the top by tax rises and sluggish salary growth.
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Source: theguardian.com