Four million more people are living below an adequate standard of living and are just about managing at best, according to an authoritative report on living standards in modern Britain.
The new research for the independent Joseph Rowntree Foundation (JRF) sheds light on how different kinds of household are faring, against the Minimum Income Standard (MIS).
MIS is a benchmark of income adequacy, as defined by what the public think is needed for a decent living standard. It is calculated by the Centre for Research in Social Policy (CRSP) at Loughborough University.
It warns that millions of just managing families are on the tipping point of falling into poverty as prices rise in the shops, with forecasts showing the cost of living could be 10 per cent higher by 2020.