The RSS has helped the Social Metrics Commission (SMC) formulate a new poverty metric (PDF) which takes into account factors such as assets and ‘inescapable costs’ that can affect people’s spending power. The new data shows who is poor now and how that has changed over time, to provide a clear focus for policy makers.
The SMC, an independent non-partisan commission founded in 2016 by Baroness Stroud, brought together poverty specialists with data/analytical experts to develop a new approach to measuring poverty. RSS executive director, Hetan Shah, was one of the commissioners along with representatives from the Institute for Fiscal Studies and the Joseph Rowntree Foundation.
from StatsLife - all the latest statistics news https://www.statslife.org.uk/news/3907-rss-helps-define-new-poverty-measure
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