Next Two Years Dominated by Large Decline’ in Incomes … middle class takes the tumble

(Before It's News)

Families are facing the biggest fall in income since 1970s

Worrying times: The Institute of Fiscal Studies warned that the next two years will be ‘dominated by a large decline’ in incomes

Warning recovery is weakest since World War I

• Unemployment figures due out today expected to be worst for 17 years
  
• Institute of Fiscal Studies forecasts 600,000 more children will be pushed into poverty by 2013, taking the total living in ‘absolute’ poverty to 3.1m

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