The good news is that living standards
are set to start rising again next year.
I wrote in 1993, in my book Creating a World Class Organization, that unless UK companies increased their level of investment in R&D, plant, equipment, technology and training, Britain will continue to lag behind its main competitors and living standards
continue to fall.
Yet, residents in Bangladesh and Myanmar express great hope for rising living standards
-- not because of their country's current level of development, but because of the positive trend and momentum of its development.
For example, if OECD's preconditions for long-term economic growth were to be adapted to IMF's forecast, Estonia should catch up with Finland by 2060 in terms of living standards
The living standards
concerns of a low income family with young children will be very different to those of a single person struggling to save for their impending retirement.
The report highlights key welfare reforms that will bear down most heavily on living standards
The microfinance is expected to be very helpful for raising the income level and living standards
of people living in these districts.
With living standards
falling for five years, incomes stagnating and many jobs only available on insecure zero-hours contracts, there's been no meaningful improvement for most people in Wales.
The IFS's findings were contained in a new election briefing note on living standards
, funded by the Nuffield Foundation.
MIDDLESBROUGH South and East Cleveland Labour MP Tom Blenkinsop has backed calls by Labour leader Ed Miliband for a new living standards
The Labour leader plans a new way of measuring living standards
because the existing measure is "flawed".
They affirmed the government's focus on strengthening sectors that support comprehensive development so as to upgrade citizens' living standards
and ensure their easy access to quality services.