IFS Zooms In: The Economy
Incomes before, during and after the pandemic
The effect of the COVID-19 crisis on the economy has been huge. National income fell by 20% in April, to a level last seen in the early 2000s. But the impact of this vast aggregate shock on the finances of different households will vary widely. In this episode, we ask how household incomes were looking before the crisis, how they've been impacted during the lockdown and what we think they could look like in future.