Younger workers miss out as average incomes rise

Household incomes in the UK have climbed back to pre-recession levels, but not for the under-30s

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(Image credit: 2010 Getty Images)

Average incomes will grow by 1.1 per cent in 2014/15, returning to pre-recession levels, but those under 30 are less likely to have seen the same boost, according to research by the Institute of Fiscal Studies (IFS).

An improving labour market and falling inflation are credited for the increase, with signs that the recovery in household budgets is strengthening, says the research group.

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