Spending Habits
Brits spending on ‘lifestyle essentials’ increases to £158 billion
As this week’s announcement by the Office for National Statistics shows the Consumer Price Index (CPI) has fallen from 2.5% to 2.2% in September, protection specialist LV=’s annual ‘Lifestyle Inflation Index’ reveals Brits have spent a huge £158 billion on what they consider to be their ‘lifestyle essentials’ in the last year alone despite a drop in inflation.
Spending habits of differing generations
The days of spending the ‘weekly housekeeping' is soon to be a thing of the past according to new research from Clydesdale and Yorkshire Banks as a gulf emerges in the spending habits of differing generations.
Brits worried about cost of Christmas - but merrier than last year
With Christmas just ten weeks away, a poll conducted by MoneySupermarket has found one in two consumers (53 per cent) are already worried about how they will fund the cost of Christmas festivities this year.
Squeeze on consumer spending power deepens
Spending power growth dipped to its lowest level since April 2011 in September as income growth weakened following a resurgent August.
Brits ditch shopping and booze to keep their car on the road
The increasing costs of running a car are forcing nearly three quarters of drivers (70 per cent) to make cut-backs to their outgoings in order to keep themselves motoring, according to research by MoneySupermarket.
‘Money mummies' are taking control of the family purse strings
In the UK, we are seeing the emergence of a new generation of ‘money mummies', with younger women now broadly holding the balance of power when it comes to managing household finances, according to the Lloyds TSB Family Savings Report.
Young people lead the way for austerity
The younger generation is moving away from a ‘buy now - pay later' culture and embracing austerity, with a massive 63% of Welsh 16-24 year olds believing now is a good time to save.
New students face greater challenge to manage the cost of university
With new university tuition fees coming into effect across England and Wales this month, from Lloyds TSB highlights the growing financial challenge facing new students as they embark on their first year of study.
Bargain-hunter Brits net £14bn savings a year
Cash-strapped people in Britain have saved as much as £14 billion in the past year - an average of £346 each - by hunting around for the best bargains on life's essentials, including groceries, insurance, clothing, mobile phone contracts and holidays, among others, available in shops and online, according to research from Santander.
One in six see the ‘recession’ as the new norm
After five long years since the start of the credit crunch, when Northern Rock collapsed, one in six (14 per cent) Brits are now coming to terms with the fact their finances will never be the same again, as they see the ‘recession' as the new norm and therefore, will have to just ‘get on with it'.
Holidaymakers weekly spend increases by £200 when on holiday
As the summer holiday season comes to a close, holidaymakers should start planning for their next summer holiday as soon as they can, as the latest research data from Halifax indicates that there are far more costs to holidaying than transport and accommodation.
Brits make trade offs in everyday decisions to get better value
As personal finances are squeezed across the country, new research from first direct bank reveals the financial balancing act smart Brits are performing as they look to get maximum value from their everyday decisions.
Parents spend £1,247 every year on ‘extra' school costs
More than one in ten Brits (eleven per cent) are shelling out over £200 a year on after school clubs for their kids because of the sheer rise in parental workloads, according to new research.
Parents make the grade with savvy September spending
As the summer draws to a close, UK shops are filling up with parents kitting this year's back to schoolers out.
Brits hitting restaurants and bars in "summer of social spending"
Santander is expecting figures to show a "summer of social spending" this year that is seeing Brits, inspired by the summer sporting feel-good factor, heading to restaurants and bars around the UK to socialise with friends and family.