Household Spending Power Hits Six Month Low – Supermarket Data Reveals Ongoing Strains on Households The latest income tracker from Asda shows that household spending power has reached a six month low, with essential costs outpacing wage growth.
This trend is concerning, as it suggests that families are struggling to make ends meet.
Rising transport, housing, and energy costs are absorbing an increasingly large share of household incomes, leaving less money for discretionary items. Asda's figures reveal that essential costs increased by 3.