Increased cost of essentials and weak earnings growth piles pressure on family finances
- Lowest annual change in income tracker since March 2009
- 0.1 per cent year on year decrease in discretionary income of average UK household
- Spike in transport costs and weak earnings growth expected to continue in first quarter
The average UK family was no better off in December 2009 than a year earlier according to the latest Asda Income Tracker, marking the first time since March 2009 that family spending power has decreased.
As a result, the average UK household had £163 a week of discretionary income in December 2009, 0.1 per cent lower than a year earlier and a sizeable reduction from the six per cent year on year increase seen in November 2009.
more Posted by Asda press team on 26 January 2010, 10:32Share - Comments - Leave your own comment about this article
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