Living on different incomes in London: can public consensus identify a 'riches line'?

Davis, Abigail, Hecht, Katharina Maria, Burchardt, Tania ORCID: 0000-0003-4822-4954, Gough, Ian Roger ORCID: 0000-0002-0597-3106, Hirsch, Donald, Rowlingson, Karen and Summers, Katherine Elizabeth ORCID: 0000-0001-9964-0259 (2020) Living on different incomes in London: can public consensus identify a 'riches line'? CASEreports (CASEreport 127). Centre for Analysis of Social Exclusion, London School of Economics and Political Science, London, UK.

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Abstract

London is home to vast and visible economic inequality, where the richest 10 per cent own 61 per cent of overall wealth, while at the same time four in ten Londoners do not earn enough for what is considered by the public to be a decent standard of living. This study sought to explore opinions about what constituted a standard of living that could be considered ‘fully flourishing’, and, by extension, if there was a point beyond that at which individual or household resources could be identified as being excessive. The findings provide thought-provoking insights into how people think about the protection wealth and higher incomes offer, and the judgements they make about the ‘deservingness’ of different sources of wealth and the uses to which it is put.

Item Type:	Monograph (Report)
Official URL:	https://sticerd.lse.ac.uk/CASE/_new/publications/
Additional Information:	© 2020 CASE & LSE
Divisions:	International Inequalities Institute Social Policy Centre for Analysis of Social Exclusion Methodology
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HT Communities. Classes. Races
JEL classification:	R - Urban, Rural, and Regional Economics > R0 - General > R00 - General D - Microeconomics > D1 - Household Behavior and Family Economics > D10 - General
Date Deposited:	19 Feb 2024 17:21
Last Modified:	01 Apr 2024 07:52
URI:	http://eprints.lse.ac.uk/id/eprint/121513

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