In many ways, today’s poorest are better off than average households were a generation ago, and than high-earners of prior generations. Leisure goods and services that were once reserved for the well-off – air travel, dining out, hotel overnight stays – can nowadays be found among the consumption profiles of low earners. Not all is rosy, but you could do worse than being a low-earner in the UK today.
Read the full blog post hereSource: http://www.iea.org.uk/blog/%E2%80%98-it-works-in-sweden%E2%80%99-the-case-against-na%C3%AFve-egalitarianism
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