The Minimum Income Standard (MIS) reflects what members of the public think is needed for a minimum socially acceptable standard of living in the UK today.
This report from the Joseph Rowntree Foundation looks at the proportion of people who fall below this level, and those with incomes below 75% of MIS.
It focuses on three groups: children, working-age adults and pensioners. Children continue to be the most likely of these three groups to be living in a household with an income below that needed for a minimum socially acceptable standard of living.
What you need to know
- Some 18.7 million individuals in the UK are living in households below MIS.
- Lone parent households, the group with the greatest risk of being below MIS, have seen no significant drop in this risk in recent years, and a small increase in the latest reported year. Nearly three in every four children (72.2%) with lone parents are below the MIS level.
- Pensioners have seen an increase in the likelihood of being below MIS, but single pensioners have seen the biggest increase. The proportion below this level has increased from 15.8% in 2008/09 to 28.9% in 2017/18.
- A growing proportion of all households below MIS are those where there is full employment. Of all working-age households below MIS in 2017/18, 17.8% are households where all adults are in work; this compares to 11.8% in 2008/09. At the same time, non-working households represent a declining share of households below MIS, falling from 60.3% in 2008/09 to 48.6% in 2017/18.
For more information go to the Joseph Rowntree Foundation (opens in a new tab)