- The average UK household had £171 a week of discretionary income in May 2014, up £4 a week year-on-year
- The latest increase is the eighth consecutive month that families have seen their discretionary incomes rise year on year
- Household budgets were bolstered by a sharp slowdown in essential items inflation, particularly the cost of food, clothes and mortgage interest payments. In addition to this, the cost of plane tickets fell 3.2% in time for the half term break.
The latest Asda Income Tracker has revealed that family spending power continued to rise year on year for the eighth month in a row in May, reinforcing the economy’s steady path towards recovery. According to the latest figures, released today, the average UK family had £171 a week of discretionary income – the income left once taxes and the spend on essentials like rent, utilities and bills have been deducted – in May 2014, £4 a week higher than a year before.Find out more and read the full report.