Grim predictions for UK family finances up to 2015 revealed in new evidence produced by the Institute for Fiscal Studies (IFS) for the Family and Parenting Institute (FPI)
The median income among families with children is projected to fall between 2010 and 2015 by 4.2%. For a couple with two children this equates to £1,250 less a year by 2015
Families with children aged under five, families with more than two children, and lone parent families not in paid work bear the biggest financial pain in years ahead
An Institute for Fiscal Studies report, commissioned by the Family and Parenting Institute, is the first to reveal the prospects for poverty rates and income for different family types up to the year 2015.
Read the report here:
