UK – Household incomes fall by 13% for those aged 22-30 finds the Institute of Fiscal Studies

People aged 22-30 saw their household incomes fall by 13% between 2007 and 2013, while those between 31 and 59 saw a 7% drop, according to the Institute of Fiscal Studies (IFS).

Employment prospects for the under-30s were also hit harder.

Living standards are set to be a key issue in the run-up to next year’s general election.

Chosen excerpts by Job Market Monitor. Read the whole story at BBC News – Young hit hardest by recession, says IFS.