Half a billion people see incomes stagnate for a decade

Pay for seven in ten people across 25 countries was 'flat or falling' between 2005 and 2014, says new study

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(Image credit: Christopher Furlong/Getty Images)

A new study says that pay for up to 70 per cent of people living in developed countries has stagnated for ten years.

According to research carried out by the McKinsey Institute, half a billion households, or seven people out of ten across the 25 countries sampled, endured "flat or falling" incomes between 2005 and 2014 once the cost of inflation was deducted.

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