Incomes are projected to fall in 2023-24 by the most since 1974

Annual real growth in median household disposable

incomes for non-pensioners, after housing costs, UK

12%

Projection

10

8

6

4

2

0

-2

-4

-6

1965

1975

1985

1995

2005

2015

2025

Annual real growth in median household disposable incomes for non-pensioners, after housing costs, UK

12%

Projection

10

8

6

4

2

0

-2

-4

-6

1965

1970

1975

1980

1985

1990

1995

2000

2005

2010

2015

2020

2025

Guardian graphic. Source: RF analysis of DWP & IFS, Households Below Average Income; and RF projection including use of the IPPR Tax Benefit Model, ONS data, and Bank of England and OBR forecasts. Note: Median annual growth in household disposable income for non-pensioners. Projections after 2019-20. Data source change in 1994-95. GB from 1994-95 to 2001-02