Unpredictable earnings: The volatility of pay packets and its impact on living standards

Most people are used to receiving regular monthly pay cheques, hopefully with the occasional bonus and an annual rise. But while this is often taken for granted, for other workers the size and timing of their pay cheques are far more volatile – with knock on effects on their ability to pay bills, save, plan ahead and smooth their living standards over time. But with Brits notoriously adverse to talking about pay, the scale of earnings volatility across the country is unknown.