A single person needs to earn just over £13,400 a year for a minimum standard of living in the UK, a study suggests.
The Joseph Rowntree Foundation (JRF) says its minimum income standard (MIS), which excludes mortgage and rent payments, is higher than some Government estimates.
JRF, which spent two years compiling the report, says a UK couple with two children needs to spend £370 a week, while a pensioner couple needs £201. A single working-age adult needs a budget of £158 per week.
The report calculated the benchmarks for acceptable costs of living by combining academic study with a consensus from 39 different groups of people.
Food, clothes and shelter were essential for a minimum standard of living in Britain, but there are other equally important factors too, the report concludes.
“It is about having what you need in order to have the opportunities and choices necessary to participate in society,” the report reads.
But JRF says its minimum standard calculations are “not perfect”.
“Many individual households will have needs that go well beyond a common standard that covers the whole population,” it says.
“As a national standard it does not create an acceptable living standard for every individual, but it does set a level that members of the public believe it is socially unacceptable for anyone to live below.”
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