The majority of UK households are notably worse off compared to this time last year as spiralling living costs continues to outstrip wage growth, according to the latestAsda Income Tracker.Despite strong annual wage growth of 5.5% in the three months to the end of July¹, 80% of UK households were worse off in real terms due to an 11.8% increase in…
The latest figures from Asda’s Income Tracker reveal that: 2018 outlook improves as family spending power returns to growthNorthern Ireland and London see gross income rise fastest in Q1 2018, with positive trend in family spending power growth across almost all regionsInflation falls back as price rises for fuel and leisure slow downHowever,…
Consumer spending power has fallen for families in 75% of UK regionsUnemployment was down again in June to 4.5%, the lowest seen in the UK since the 1970’s A surprising fall in inflation to 2.6% provided a small relief for families in June Wales and Northern Ireland saw the largest decline in weekly spending power with a decrease of £5.90 and…
Families across the UK had £194 of discretionary income in May, £4 per week less than the same month last yearFamilies with the lowest income see the biggest reduction in disposable incomeVehicle fuels and electricity show the greatest inflation year on year, with an increase of 7.5% and 7.7% respectivelyAsda’s pulse of the nation insight shows…
The Asda Income Tracker reveals that families had £200 of discretionary income in March, only £2 more than the same time last year Two out of five age groups in the UK saw negative spending power growth, with 65 to 74 year olds seeing the largest declineIncome growth for the average household was down to 2.2% year on year, the weakest since…
Families had £202 of discretionary income in February, £3 more than the same time last year and £2 less than in JanuaryAsda Income Tracker reveals that three out of five income groups in the UK are now in negative spending power growth Fuel prices rose even further in February up nearly 20% year on yearNew customer data shows that nearly 50% of…
Families had £205 of discretionary income in January, £7 more than the same time last year But Asda Income Tracker reveals Household debt has grown by nearly 10% a year over the last 5 years The cost of living increased again in January 17, which contributed to the slowdown in disposable income growthFuel prices were up nearly 17% year on year, as…
Inflation hits the highest level since July 2014 at 1.6%Petrol prices have increased by 10% since December 2015, the largest increase for 5 yearsFamilies could still enjoy £202 of discretionary income in December– a 4.4% increase from the same time last yearThe North East and Yorkshire see the fastest growth in spending power across the regionsThe…
Petrol prices increased by 7.4% year on year in November, the highest price since July 2015Inflation hit a two year high of 1.2%Data shows under 30s have the lowest discretionary income compared to older generationsDisposable income grew 4.5% year-on-year in November, leaving families with £202 per week - third consecutive month of single digit…
September spending growth dropped to under £10 per week – the first time since October 2014Families across the UK had £201 of discretionary income per week in September – a rise of 4.7% compared to 2015Wage growth remained flat as pace of inflation continued to riseDiscretionary income in Scotland reached £204 per week, overtaking the UK…
UK families had £201 of discretionary income in August – a rise of 5.3% in spending power compared to the same period last yearBut growth continues to slow as rising transport, fuel and food prices affect family bank balances Weakened pound is not deterring shoppers UK families had £201 in discretionary income to spend in August according to the…
Families have seen a 1.9% increase in earnings since July 2015 with disposable income reaching an average of £202 per week Growth in spending power has slowed as essential item inflation increased to 0.1%Highest-earning households took home 10 times more than the lowest income households in July 2016The wealthiest household’s earnings have grown…
The average UK household had a weekly disposable income of £201 a week last month, an average of £12 more than in June 2015Annual growth in spending power has remained above £10 a week for 20 consecutive monthsWage growth across the UK remained relatively flat (2.2%) but stayed well above the level of essential item inflation (-0.1%)The rate of…
The average UK household had £201 a week of discretionary income in May – £13 more than in May 2015Year-on-year growth in spending power has now remained in double digits for over 18 monthsIt is the second consecutive month discretionary income has reached £200 or over and - the highest amount recorded since the Asda Income Tracker was established…
Highest recorded figure since Asda's Income Tracker beganThe average UK household had £200 a week of discretionary income in April – £12 more than in April 2015 - and the highest figure recorded since the Asda Income Tracker began in 2008Year-on-year growth in spending power has remained above £10 per week for a full yearand a half, marking 18…
However, Northern Ireland remains worst performing region – and lags far behind the UK average of £198 per weekPace of growth also slows – 7.2% compared to 14.8% in same quarter last yearThe spending power of the average Northern Ireland family has finally reached the £100 per week milestone, according to Asda’s latest Income Tracker – a rise of…
The average UK household had a weekly disposable income of £198 in March, £12 more than in March 2015Annual growth in spending power has remained above £10 for 17 consecutive monthsEssential item inflation stood above zero (0.1%) for the first time since the end of 2014 as inflation on clothing has crept up and Easter pushed up the cost of…
The average UK household had a weekly disposable income of £197 in February, £12 more than in February 2015Annual growth in spending power remained in the double digits in pound terms for the sixteenth consecutive month due to high wage growthWage growth remained the biggest contributor to increased household discretionary income, an increase of…
