Work done by highly regarding Resolution Foundation shows how living standards are falling

http://www.resolutionfoundation.org/

As inflation picks up, and wage growth is near zero, our purchasing power falls.
As items such as petrol for the car, food such as staples like bread, milk, cheese and fruit all increase in price, but zero wage growth, life gets hard.

http://www.resolutionfoundation.org/media/blog/for-low-income-families-the-next-four-years-could-be-worse-than-the-recession/

What this shows time and time again, the most vulnerable suffer.