© 2020 – 2022 AEA3 WEB | AEAƎ United Kingdom News
Image default
News

Fifth of UK households now have ‘negative disposable income’

One in five had average weekly shortfall of £60 between earnings and money needed to cover essentials including rent, data shows

A fifth of UK households now have an average shortfall of £60 a week between what they earn and what they need to cover essentials such as energy bills, rent, transport and food, as the rising cost of living leaves people with the lowest amount of spare cash in almost five years.

Soaring living costs, up 11% year on year in June, led to a record 18% drop in average household disposable income of £175.80 a month, according to data from the Asda Income Tracker collated by the Centre for Business and Economic Research (Cber).

Continue reading…

Related posts

Ukraine and Russia sign UN-backed deal to restart grain exports

AEA3

Thousands of breast implant victims will get payouts after court ruling

AEA3

Easter Island Moai statue begins journey home, 150 years after removal to Santiago

AEA3

Your ads here. Click here