How much is enough? Reaching social consensus on minimum household needs

The Minimum Income Standard research carried out regularly by CRSP involves detailed discussion among member of the public about what things are essential for a minimum acceptable standard of living. This report sets out for the first time the details of how the groups reach consensus and what rationales they use to determine which items are included. Based on analysis of six years of MIS research, the report identifies the common themes that have emerged from the groups’ discussions, ranging from the need to have reasonable choices to the importance of living life in a practical way when time is scarce. For each area of household budgets, it explains how these rationales have guided decisions about what items people need to be able to afford.

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