In 2023, the highest average amount of disposable income for any age group occurred in the 35 to 44-year-old group, while the age group with the lowest average disposable income were those aged 85 and over.Average annual disposable income in the United Kingdom in 2022/23, by age group ...
Household disposable income: Before and after remortgaging The survey asked how much disposable income homeowners had to spend once all bills and expenses were settled, prior to and post remortgaging their homes. Worryingly, it looks like many mortgages will simply be unaffordable when it’s time...
The risk is that interest rates go higher. The reduction in the proportion of households with a mortgage and rise in household savings means the impact of higher interest rates on households’ incomes is smaller than in previous hiking cycles. That will make interest rate rises less effective at...
This makes it an interesting contrast with the UK median household disposable income3of £32,300 as of the end of 2022, according to the most recentONS data. As for the median retired household income, that’s £26,300. Not much more than the Minimum spending level for couples in the...
On average, households in that income decile group spent four and a half British pounds on games, toys, and hobbies weekly. Across all households, the average was 2.8 pounds per week.Average weekly household expenditure on games, toys and hobbies in the United Kingdom (UK) in ...
This will see the price of a whole range of everyday goods and services go up, reducing household disposable income. Anyone buying property this year will also have to pay up to an extra £2,500 after the government’s stamp holiday came to an end in September. ...
Real household disposable income, a measure of living standards, is projected to fall by 4.3% in 2022-23, the largest single-year decline since the Office for National Statistics began recording in 1956-57. This will be followed by the second-largest fall...
Real household disposable income is edging upward. Real household disposable income represents the ability for consumers to purchase the higher-value discretionary goods sold... In this chapter External Drivers Regulation & Policy Assistance Key metrics Regulation & policy level and trend Assistance level...
This again is likely to contribute to a fall in household consumption; previous studies suggest a 10% decrease in housing wealth in the U.K. is associated with a 1.4% fall in spending, Moberly says. GS Research estimates suggest that falling house prices could reduce real GDP b...
“The UK entered a technical recession in the latter half of 2023 and growth for the year remained tepid as high inflation and rising interest rates squeezed consumer spending power and business performance. In terms of regional performance, average household income was a key differentiator as cost...