People working in shared offices around the UK who are on low incomes should consider taking more training to improve their career prospects, it has been advised.
With many people facing pay freezes to an already small salary, Yvonne Goodwin, managing director of Yvonne Goodwin Wealth Management, suggested that increasing their qualifications would help them get a better job.
She added: “It is matching up income with expenditure and being aware of what you’ve got coming in and how to make ends meet.”
Her comments were made after the Trades Union Congress revealed that low and median incomes increased by just 27 per cent and 56 per cent in the 30 years leading to the recession, despite the fact that the UK economy has more than doubled in that time.
The general threshold to determine if a family is on a low income is if it is living on 60 per cent or less of the average UK family income. The average is between £20,000 and £30,000.