Xiaowei Xu
@xiaoweixu_
Senior economist @TheIFS. Interested in inequality, labour markets and economic geography. Views my own.
08-04-2022 15:42:14
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In 1968 housing costs made up 9% of average incomes for the poorest households and 4% for the richest.
By 2021 this has gone up to 21% and 6% respectively.
That is, housing costs now make up 3.5x as much of the budgets of the poor as of the rich.
🧵on our new Institute for Fiscal Studies report👇
