Much of the recent policy debate surrounding poverty in Britain focuses on income as a measure of living standards. In this report we consider one alternative to income for measuring poverty that has been largely overlooked in the mainstream poverty debate in the UK: namely household expenditure. Economic theory suggests that household expenditure is an important measure of financial well-being. Using 30 years of data from household surveys, this report shows the trends in poverty in Britain since the 1970s when household expenditure is used as a measure of financial well-being, rather than...
Much of the recent policy debate surrounding poverty in Britain focuses on income as a measure of living standards. In this report we consider one alt...
