A recent Institute for Fiscal Studies (IFS) report found that disparities in earnings based on geography and ethnicity indicate that over the past 50 years, it has become more difficult for children born into less well-off households to climb the UK’s social ladder. Children from poorer households have been finding it harder than 40 years ago to move into higher income brackets, which has only been made worse by years of slow growth in average real earnings, the report stated. Click here for more.
