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causes of wealth inequality-cost of living
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Cards (3)
Minimum income standard
A
single
person
needed
to
earn
at
least
£18
,
400
a
year
in
2018
to
reach
a
'minimum
income
standard'
and
afford
a
socially
acceptable
standard
of
living
Inflation rate
The
annual
rate
of
inflation
reached
11.1
% in
October 2022
, a
41-year
high,
before
subsequently
easing
New
research
has
found
3.8
million
people
experienced
the
most
extreme
form
of
poverty
in
2022
