Families across the UK have only experienced half the lost income they are expected to suffer from falling living standards, a think tank suggests
The biggest impact of the cost of living crisis is yet to come, according to new research which suggests the average household will be £2,100 worse off by the end of the next financial year.
The cumulative 7% drop will leave households worse off than they were before the pandemic until 2028, the think tank said. The researchers also found 11% said at some point over the last month they went hungry because they did not have enough money, while before the pandemic 5% said they went hungry for lack of money.
"Low-income families have been hit hardest by soaring energy bills and food prices, and are most likely to have seen both their financial circumstances and their health deteriorate.
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