Publication Date:
Fri, 2010-11-12 00:49
The Office for National Statistics said GDP per capita fell
5.5 percent last year, the largest annual percentage decline since the series
began in 1949.
However, real household disposable income — which many
consider a better indicator of material wellbeing — increased by 1.2 percent
over the period, thanks to record low interest rates and reduced mortgage
payments.
Household net wealth more than doubled in real terms in the
period between 1987 and 2009, but was lower in 2009 than 2007, the figures
showed.
In the ten years to 2009, the percentage of individuals
living in households with low income remained steady at around 18 percent.
However, there were advances in reducing poverty for both children and
pensioners.
Taxonomy upgrade extras:
