The richest 10% of the population get richer whilst incomes for the poorest 10% plummet

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Explaining the data

Explaining the data: These figures were calculated by the New Economics Foundation (NEF) as part of their ‘Real Britain Index’ - http://www.realbritainindex.org/. NEF calculated a more detailed inflation figure for each decile (group of 10%) of the UK population from richest to poorest, based on their spending habits (for example, the poorest decile spend a higher proportion of their income on food, so are hit harder by food price increases, but are less likely to be affected by changes in the cost of luxury goods). NEF then used these inflation figures to calculate the year-on-year change in the incomes of each decile. Since the data used in this infographic was published, inflation has fallen, giving hope that real incomes of poorer households will rise. But this will also depend on factors such as low pay and cuts to social security. 

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