asterisk2a + perspective + household   2

Full-time work is no bar to poverty in UK, report says | Society | The Guardian
Despite at least one adult working full time, millions of households cannot make ends meet, Joseph Rowntree Foundation reports [...] Millions of households struggle to make ends meet even though they include at least one adult in full-time work, according to a report by the Joseph Rowntree Foundation (JRF). Living standards have declined since 2008 despite the economy’s return to growth, the anti-poverty charity said, warning that families with children are at particular risk of a life in poverty. [...] The MIS is determined by asking members of the public to define what is needed to “live to an adequate level”. The threshold is £16,850 for a single person, £25,600 for a lone parent with one child and £36,060 for a single breadwinner with two children. [...] Approximately 11.6 million people in the UK live below the MIS, [...] An improving economy alone is not guaranteed to reverse this rise.” [...] [ no economic security in this recovery! ]
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february 2016 by asterisk2a
Thomas Piketty on Capitalism, Corbyn and why Zuckerberg is getting it wrong - BBC Newsnight - YouTube
home ownership in UK is biggest item of UK's household wealth. 2/3rd of housing is owned. other 3rd is rented. that is why the property bubble/prices have to be kept afloat. otherwise balance sheet recession > deleveraging > debt servitude > lower consumption rate > cratering UK economy as ~70% of UK economy is based on consumption. // blaming others (ISIS) for radicalization. but who put them in this place to be radicalized, in the first place? inequality, youth unemployment. // COP21, western world do not face their historical obligation! // world wealth and income database - www.wid.world
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january 2016 by asterisk2a

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