Middle income households continue to fall

Posted by Kelly Luff in Neighbourhood on 11 March 2015 - Kelly is a Marketing Executive at checkmyfile

We’ve see tax cuts for the richest in society in recent years, often at the expense of the poor. So it may come as no surprise to hear that whilst both poor and rich households are on the increase, middle-income households continue to fall.

Research by Oxford University has found that there has been a 43% decrease in middle-income households between 1980 and 2010. With England now increasingly divided between rich and poor, there has been a 60% increase in poor households and 33% increase in wealthy homes.

In London these figures are even more extreme, with the capital experiencing an 80% increase in both poor and wealthy households. Here there has been a 43% decrease in middle households.

36% of London households are now classified as poor, compared with 20% in 1980, and in some areas of the capital poor households are becoming increasingly segregated. In Richmond-Upon-Thames, more than half of households are classified as wealthy but in Newham almost one in two is now poor.

The decline of the middle classes have been well documented in recent years, as wealth appears to be less and less equally distributed.

Danny Dorling of Oxford University said, “This analysis shows that England is becoming more polarised, with an increase in households that are poor and those that are wealthy. The number of households in poverty has jumped by 60% since 1980, meaning that now almost three in 10 are poor.

“At the same time, there has been an increase in the number of wealthy households – 33% in England and 80% in London. This means households in the middle are disappearing, leaving an increasingly divided country and capital. As more households have become poorer, and more people are unable to buy a home or get a mortgage, a small but growing proportion of other households have become very rich”.

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