UK middle classes ‘struggling despite incomes of up to £60,000 a year’

Insecure jobs and high housing costs make it hard to maintain decent living standard, says abrdn Financial Fairness Trust

Britain's insecure jobs market and high housing costs are leading to the growth of a precarious middle class struggling to maintain a decent living standard on household incomes as high as 60,000 a year, a report has said.

A study released by abrdn Financial Fairness Trust, a research body set up by the fund manager, said the uncertain nature of work meant there was a one in three chance that someone earning a middle income today would not be doing so next year.