Keely Goodall27 June 2025 | 15:25
2020s may be worst decade in modern history for disposable income - Think Tank
This may be the first decade in the modern era where disposable income does not increase.
Short of money, coins taken from pocket. Pexels/Nicola Barts
Vicki Turner joins John Maytham (in for Lester Kiewit on CapeTalk) for the World View.
Listen below:
A Think Tank has found that the standard of living outlook for the rest of the decade is not positive.
They found that the 2020s could be the first decade in modern history where there is no improvement in disposable income.
“I think a lot of us are feeling that.”
– Vicki Turner, International News Correspondent
With the rising cost of living, many UK households are likely to be in no better a position in 2030 than they were a decade earlier.
Turner says older people may be okay, but the younger generation is definitely going to struggle.
Scroll up to the audio player for more.