According to the latest forecast from the Institute for Fiscal Studies (IFS), absolute and relative child poverty will stand at 23 and 24 per cent respectively by the financial year 2020/21 – significantly more than the targets of five and 10 per cent, set out in the Child Poverty Act last year.
Meanwhile, the median income of families in the UK is predicted to fall by seven per cent between 2009/10 and 2012/13. This would equate to the largest three-year fall in income for 35 years.
An individual is considered to be in relative poverty if they live in a household whose income is below 60 per cent of the median in that year and in absolute poverty if they live in a household whose real-terms income is below 60 per cent of the median for 2010/11 – as set out in the Child Poverty Act.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
