The Resolution Foundation, a thinktank that works to improve living standards, estimates that there are around 6 million families described as ‘just about managing’. It’s research also shows that in real terms wages are on the decline, and inflation is projected to increase.
But don't get downtrodden, because there's actually loads that you can do to kick out the gloom, and take control of your own finances. Yes, really. Here are some absolutely ace things every family can do to make a genuine dent on how much they can earn tax free. You can thank us later.
Before you read on, a disclosure: these are just suggestions based on average households. Remember that each situation is unique, so before relying on any of these tips, check they apply to you.