Is the UK's population feeling better off?

Average household incomes are back to where they were before the financial crisis, according to research by the Institute for Fiscal Studies (IFS).

However the think tank also found that incomes for working age people were still below their 2007-08 level, after adjusting for the impact of inflation.

The BBC's economic editor Robert Peston asks if the UK is feeling better off in the wake of the financial crisis.