The Institute for Fiscal Studies has been looking at poverty and income:
Research by the IFS discovered that those at the bottom of the income spectrum had higher living standards than those with slightly better pay.
The findings suggest low spending is a better indication of poverty, instead of low income.
In fact, those with the lowest income had a high level of spending, suggesting they were only temporarily at the bottom of the income pile - drawing upon savings or other assets as a buffer against poverty - or that they are underreporting their earnings.
Yep, all those satellite TVs, iPhones and better cars than mine! They grow on trees!
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