Tag Archive: financial literacy

In Work Poverty

What is In Work Poverty? In Work Poverty (or Income Poverty) is defined as those living in a household with an equivalent disposable income below 60% of the national median. Equivalent disposable income is the amount of money that households have available for spending and saving after direct taxes (such as income tax and council tax) have been accounted for, adjusted for household size and composition. How big a problem is In Work Poverty? In…