Income Dynamics: 2010 to 2020
Results from analysis of the longitudinal survey ‘Understanding Society’, looking at persistent low income and changes in household income.
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Income Dynamics provides estimates of the rates of persistent low income. An individual is classed as being in persistent low income if they are in low income in at least 3 out of 4 years.
Income Dynamics also provides estimates of mobility across the income distribution, including low income entry and exit rates, as well as analysis on the events associated with low income entry and exit.
Income Dynamics estimates are based on Understanding Society, a longitudinal survey which follows respondents over time. This is unlike the Households Below Average Income (HBAI) series, which uses the Family Resources Survey (FRS) to look at the distribution of incomes within a different sample each year.