Meanwhile, the richest fifth of households spent the greatest proportion of their total expenditure (17%) on other expenditure items, which is largely because of spending on mortgage interest payments (6% of their total expenditure). This is largely because of spending on actual rentals for housing (24% of their total expenditure). The poorest fifth of households continued to spend the greatest proportion of their total expenditure (25%) on housing (net), fuel and power. This coincides with a larger proportion of lower-income households being either private or social renters, while a large proportion of higher-income households are owner occupiers, this data is available in Table A50 in Workbook 4: Expenditure by household characteristic. Notably, changes in expenditure relating to actual rental and mortgage interest payments. In FYE 2022, spending patterns continued to vary across the income distribution. Other expenditure items also includes Licenses, fines and transfers, Holiday Spending and Money transfers and credit.Ĭomponents of spending based on fewer than 20 recording households, or where the average rounds to 0, do not appear in the tree map. As such, Mortgage interest payments, Council Tax and Northern Ireland rates are categorised as Other expenditure items rather than Housing (net) fuel and power. Spending is categorised using Classification of individual consumption by purpose (COICOP) categories. Figure 2: Housing, fuel and power, and transport were the highest expenditure categories for UK households in FYE 2022Īverage household weekly expenditure in the UK, FYE 2022 Of the proportion of expenditure spent on transport, £30.90 of this was spent on the purchase of vehicles, most notably the purchase of second-hand cars, while £30.70 was spent on the operation of personal transport, most notably purchasing petrol, diesel, and other motor oils. Within housing (net) fuel and power, £51.60 was spent on rentals for housing, while £25.70 was spent on electricity, gas and other fuels. The average UK household spent the largest proportion of their expenditure on housing (net), fuel and power (17%) followed by transport (14%). Households spent the highest proportion of their weekly expenditure on housing, fuel and power, and transport Estimates of income from 2001 to 2002 onwards have been adjusted for the under-coverage and under-reporting of the top earners.ĭownload this chart Figure 1: In financial year ending (FYE) 2022, average weekly expenditure increased by 6% per week while average household disposable income remained stable Image ![]() Disposable income figures are on a financial year basis. Weekly household disposable income figures are from the household disposable income and inequality statistics.Household expenditure figures are on a financial year basis FYE 2002 to FYE 2006, calendar years 2007 to 2013, and financial years FYE 2015 to FYE 2022.All values are deflated to FYE 2022 prices. ![]() Incomes are adjusted for inflation using the consumer prices index including owner-occupiers’ housing costs (CPIH) excluding council tax.Total real expenditure is generated as a sum of the deflated COICOP categories 1 to13. Expenditure figures are adjusted for inflation using the Consumer Prices Index (CPI) specific to the classification of individual consumption by purpose (COICOP) category.Notably, in the year leading to March 2022, UK inflation rates rose significantly, reaching a 30-year high, as reported in the Consumer Prices Index (CPI) in our consumer price inflation time series. By adjusting for the rate at which the prices of goods and services bought by households rise or fall (consumer price inflation), we can better isolate trends in the amount of goods and services purchased. Some coronavirus restrictions remained in place towards the end of 2021 and households experienced new financial pressures domestic energy prices rose in the last six months of the financial year ending (FYE) 2022, as explained in the research briefing on the UK Parliament webpage, and the energy price cap was raised in October 2021.Ĭhanges in spending can result from both changes in the price of goods and services, and changes in consumer behaviour, such as the amount and type of good and services purchased. This includes the indoor venues being reopened, and spectators could attend sporting events. The collection of data used for this bulletin spans April 2021 to March 2022, during which coronavirus (COVID-19) restrictions started to ease across the UK. Family spending in the UK Household spending has increased yet remains below FYE 2020
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