Six key points from 'The Austerity Generation: the impact of a decade of cuts on families with children'
Today, CPAG publishes a major new study on the impact of austerity on families with children: ‘The Austerity Generation: the impact of a decade of cuts on family incomes and child poverty‘.
Work has been the biggest anti-poverty policy of recent decades, with support delivered under banners of ‘making work pay’, and calls for people to ‘work their way out of poverty’. However, people living in poverty are increasingly likely to be working. The UK’s wage fall since the 2008 financial crisis has been unmatched by any other large economy. This will be exacerbated by the Universal Credit roll out. Families are being pushed into financial hardship and work incentives damaged, particularly for second earners, single parents and those moving into self-employment.