Tuesday, January 24, 2012

How They Are Squeezing Out the UK’s Middle Class

Sean Poulter
Mail Online
January 23, 2012
Pay freezes and rising bills mean ‘the Squeezed Middle’ will have to wait until 2020 – at best – to return to pre-recession living standards, a study says today.
As many as 5.8million households are struggling to pay essential bills and unable to afford many simple pleasures.
Almost half this group – 45 per cent – do not have enough money to go away on holiday. Forty per cent cannot afford to replace worn out furniture, while 24 per cent cannot afford a night out with friends or family at least once a month.
Eight per cent cannot even find the cash to buy two decent pairs of outdoor shoes.

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