Families are £11 a week worse off than they were last year as the cost of living increases at twice the pace of wage growth, research has indicated. A typical family had only £169 a week left over after meeting all essential costs during February, down from £180 in the same month of 2010, according to Asda.
It was the 14th consecutive month during which people suffered a year-on-year fall in their disposable income, while it was also the biggest drop recorded since the supermarket chain first began collecting the data in January 2007. The figure also represented the third consecutive month during which the fall in people's spending power has reached a record high.
No comments:
Post a Comment