Britain’s insecure jobs market and high housing costs are leading to the growth of a precarious middle class struggling to maintain a decent living standard on household incomes as high as £60,000 a year, a report has said.
A study released by abrdn Financial Fairness Trust, a research body set up by the fund manager, said the uncertain nature of work meant there was a one in three chance that someone earning a middle income today would not be doing so next year.
The report – Caught in the Middle – said that problems of middle-class insecurity were especially acute for single parents, with those in employment more likely than not to be in an insecure job.
We’d like to hear from people with household incomes of £50,000 or higher how they are coping financially, what their living standards are like and whether they are able to receive some government help. Are you struggling now more than you did previously, and if so, what has changed over time?
