Six million of the poorest people in the UK would need to more than double their income to escape poverty
Understanding Poverty in the UK Source: images.unsplash.com In the UK, poverty persists as a haunting shadow over millions, with current statistics painting a grim picture. Poverty thresholds define the minimum level of income deemed adequate in a given country. The average person in poverty has an income sitting at a stark 29% below this line, a gap that has alarmingly widened from 23% since the mid-1990s. This means that those struggling in poverty today are farther from the baseline of financial security than they were over two decades ago. Measurement of poverty in the UK typically considers relative income after housing costs, with a focus on the income gap, known as the poverty gap. This gap underscores the chasm between actual income levels and the threshold that delineates poverty. Insightfully, the data reveals that roughly six million of the least well-off need to more than double their income, a daunting but necessary leap to escape the clutches of severe financial deprivati...