How much does a family of four need for a ‘decent’ standard of living?

How much does a family of four need for a ‘decent’ standard of living?The answer, according to a recent report, is £36,800 per year where the family is made up of two parents and two children. For single parent families the figure falls to £23,900 per year. The figure, known as the Minimum Income Standard (MIS), is given in a report by the Joseph Rowntree Foundation and is a third higher than before the recession, ...